"Our deeds determine us, as much as we determine our deeds."
–George Eliot
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It's Friddayyyy Folks! Yesterday, we learned that Bitcoin outperforms the USD which isn't a shock to us. Today, another dry morning of no real news. In fact I will be on a X spaces at 10 AM EST with David Gokhshtein talking about what is news. That said, yes there is some coverage of the options expiry today, bullish outlook on Bitcoin, the inevitable Spot Bitcoin ETF from BlackRock, ETH is more centralized since the upgrade, and Kraken expanding to the Netherlands. Bitcoin is trading up at $27,710.75. Let's get on with the lack of news...
SUMMARY
On October 6, around 14,000 Bitcoin options contracts will expire with a notional value of $400 million. Bitcoin might reach 98X price of Gold says Negentropic Glassnode Co-Founder and Analyst. Investment research firm ByteTree upgraded bitcoin’s price outlook to “bull” from “neutral” as the crypto benefits as a “safe haven” amid an equity and bond sell-off. ‘Mood music’ has changed in favor of BlackRock spot Bitcoin ETF, says former MD Martin Bednall.
Ethereum has become more centralized since the merge and Shanghai upgrades says JPMorgan. 2.62 billion $XRP held by Binance in user assets. Solana's latest update brings native support for private blockchain transactions.
Cryptocurrency exchange, Kraken, aims to expand its European presence by acquiring Dutch exchange Coin Meester B.V. and the Netherlands' economy, innovation culture, and high crypto adoption rate make it a key market for Kraken's expansion.
WATCH
LISTEN
Podcast of the Day: Reboot - Bitcoin & Software Reliability | Bitcoin Audible
THE WEEDS
Bitcoin
- Options (BIC)
- Analysis (CoinDesk)
- ETF (BIC | TDH)
Altcoins
- ETH (CoinDesk | TB | Cointelegraph)
- XRP (UToday)
- SOL (TB)
Exchanges
- Kraken (BIC)
