04 May: Coinbase Stops Lending

04 May: Coinbase Stops Lending

By theinspired | Inspiration | 4 May 2023


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Guess what Day it is Folks? HUMPDAY! Yesterday, Bitcoin miners earned $50B since 2010, Bhutan plans $500M Fund, and Balaji closes $1M Bet. The fear and greed index remains at 64 (which I expect will climb tomorrow with the recent price spike) and the best performing asset for the past 24 hours remains $SOL up .67% in position #10. Let's get on to the news...

Trending News Topics:

  • Coinbase shuts down borrow program (5)
  • FTX seeks to claw back $4B (4)
  • SEC pulls definition (4)

CRYPTO

Opinion: Crypto’s Macro Drivers – It’s Not Just About Bitcoin. Estate and Legacy Planning for Crypto Assets.

BITCOIN

Bitcoin Reclaims $29K After Fed’s Latest Interest Rate Hike. The Fed has little ammo left as $30K Bitcoin price becomes key battle line. Bitcoin Recovers From Fed Dip. Bitcoin's Dominance Rate Surges After U.S. Banking Crisis. Bitcoin Price Spike to $56,000 Exposes Major Liquidity Dangers on Crypto Exchanges. Mid-day Bitcoin drops with stocks as analyst warns of banking crisis ‘endgame.’ Macro May Finally Be in Bitcoin’s Favor. How are Bitcoin options traders positioning for the US banking crisis?  Bitcoin crowdfunding is Lightning: El Salvador school program hits 1 BTC in donations. I'm Bitcoiner, Sean Lennon (John Lennon's Son) Proclaims.

Bitcoin Hashrate Soaring Through Roof. The Age of Crypto Miner HODLing May Be Over. Bitcoin Miners Eye Clean Energy as Halving Looms. Stronghold Digital to Add 400 PH/s Capacity Via 4K Bitcoin Miners From Canaan Subsidiary.

Opinion: Bitcoin Could Rally 20% to Around $36K: Matrixport. Bitcoin could hit six figures mid-2024 according to the S2F model.

On-Going: Analytics Firm Glassnode Tackles Rumors That Mt. Gox and US Government’s Bitcoin Is on the Move

Question: Bitcoin On-Chain Transactions Skyrocket: What's Behind the Surge? Bitdeer Counting on Big Funding for Bhutan Mining Project — Is it Plausible?

ETHEREUM

Ethereum transaction fees at their highest since May 2022 amid memecoin mania. Liquid Staking Platform Lido Surpasses 6M Ether Deposits as Shanghai Upgrade Spurs Inflows.

STABLECOINS & CBDCs

Can CBDCs, Tokenized Deposits, Stablecoins and DeFi Coexist? Central Bank Digital Currencies Are Unexpectedly Becoming a Presidential Election Issue. Florida Legislature’s Near-unanimous Vote Approves CBDC Ban. North Carolina House Unanimously Votes to Ban Digital Dollar Payments to the State.(2)

Opinion: The Reactionary Political Theater of CBDC Bans. CBDC To Be Outlawed in Florida if US Government Introduces One, Vows Governor Ron DeSantis: Report

ALTCOINS

Coinbase Chief Legal Officer’s Words Fuel XRP Community’s Hope for a Relisting. Cardano's Long-awaited Scaling Protocol Hydra Goes Live on Mainnet.(2) Cardano’s Transaction Volume Sees Huge Upsurge Amid Price Fluctuations: ADA Network In Bullish Outlook. Cardano Joins Party: LimeWire Now Accepting ADA for Token Sale. Polygon (MATIC) Price Faces Critical Test for Bullish Momentum. Securitize expands access to Hamilton Lane tokenized fund on Polygon.

Question: Is Dogecoin Dead?

EXCHANGES

Gemini’s Non-US Derivatives Platform Goes Live. Coinbase to Stop Issuing New Loans Via Coinbase Borrow.(5) Binance: ‘Thousands’ of accounts blocked needlessly.

LEGISLATION/REGUATION/TAXATIONS

RFK Jr. Raises Crypto Taxes, Regulation as Issues in Opening Days of 2024 Presidential Race.(3) US lawmakers introduce bipartisan bill proposing ban on members investing in ‘financial instruments.’ U.S. SEC Changes Its Mind on Officially Labeling Digital Assets.(4) Industry Giants Respond to UK’s Consultation on Crypto Policymaking.

Question: Why Is the US Government Determined to Undermine Crypto? Is the SEC Targeting Crypto Trading With New Reporting Requirements? 

Opinion: Biden wants 'to get rid of crypto,' Florida Governor Ron DeSantis warns

LEGAL CASES

FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case.(4) SEC has 10 days to respond to Coinbase complaint: Legal exec. U.S. Court Orders SEC to Respond to Coinbase Allegations Within 10 Days. FTX bankruptcy judge approves sale of LedgerX. SEC Chair Gary Gensler Straying Into Dangerous Territory With Ripple Lawsuit, Says Pro-XRP Lawyer.

ATTACKS/HACKS/SCAMS

The Legacy of Mt. Gox: Why Bitcoin’s Greatest Hack Still Matters. Crypto Swindlers Steal $1.1 Million in Hong Kong.

WATCH

LISTEN

Podcast of the Day: The Bull Market In Hard Assets | Jan Van Eck  | On The Margin

Other Podcast

  • SLP476 What is FROST? Is it the future of Bitcoin Multisig? with Nick Farrow | Stephan Livera Podcast
  • Biden's DAME Mining Tax is an Attack on Bitcoin | The Breakdown
  • TimeChainStats with Ant and "Remotely Mange Your Bitcoin Mining Operation" with Foreman Mining, Daniel Lawrence and Mitch Klee - May 3rd, 2023 | TCBP
  • Guy's Take #66 - Pooping in the Park | Bitcoin Audible

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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