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Top Performing Assets (24 Hours): $SOL 7.03% | $ADA 5.89% | $BTC 2.46%
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It's Frriiddaayyy Folks! Bitcoin is trading up at $43,148.71. Now that JPMorgan says so - Bitcoin is going up? lol yeah no. Let's get on with the news...
SUMMARY
Yesterday, Celsius emerged from bankruptcy and is prepping to give creditors back pennies on the dollar.(6) Today, DOJ charged 3 people for the $400M Sim-swap hack that targeted FTX.(5)
Bitcoin is at a crossroads pre-halving: Which way will it go - Up or down?(2) It's been stuck in a $5K trading range for the past 150 days. Today $1B options expire. Samson Mow said any new changes to the Bitcoin protocol must be demonstrated on prototypes with commercial use.
Blackrock's $IBIT overtakes Grayscale's $GBTC in trading volume.(3) Another $38.45M inflows into Bitcoin Spot ETFs, the fifth day of gains. $13M in $ETH was destroyed as the supply continues to become deflationary. Also - $ETH ETFs are coming and I believe the price could move higher as a result.
JPMorgan is concerned about Tether's $USDT nearing $100B in circulation.(3) Binance is supporting Ripple in it's recently hack by freezing $4.2M of $XRP.(4)
As it pertains to legislation and regulation, it appears the energy department is going after the PoW miners, sending out a survey that is "mandatory" and is requesting a lot of information that shouldn't be asked for. This could be a power grab by the US government with the mining community trying to push back.(5)
AFTERNOON
Is there a big bullish breakout coming for $BTC? Can $ETH reach $10K by 2030? Its premium has dropped to a 3 month low. SEC charges the founder of American Bitcoin Academy with fraud.(3)
WATCH
LISTEN
Podcast of the Day: The Bitcoin Halving Challenge | The First Bitcoin Sportsbook w/ Nitrobetting.eu | Bitcoin Magazine
