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Guess what day it is Folks? HUMPDAY! Bitcoin is trading down at $45,347.49 which by the way is higher than were it was a week ago. So let's get on with the news...
90% of Bitcoin HODLers are in profit after two years. All Systems go for the Cointucky Derby!
What a crap show yesterday. A week ago Matrixport sent out that stupid tweet that said all ETF applications were denied and today what happen? The SEC says their X account was hacked and a tweet was sent that said all ETFs were approved. As you can imagine the price pumped then dumped and now there is an active investigation to determine just what really happened; only in Crypto.(9) Coinbase is offering a hand to the SEC with Cybersecurity.(4) K33 Vetle Lunde said it showed that it would have been a sell the news event.
Looks like the SEC has some 'splaining' to do... Senator Bill Hagerty said the SEC should be held accountable for it and JD Vance, Thom Tillis asked the SEC to submit a report to Congress on how it happened.(3) Well, it looks like the SEC didn't have 2FA enabled on their X account. Do you have 2FA enabled? If not you should - it's so simple not to.
Now they are coming out saying that there is some loophole (17 C.F.R. Section 201.431,) that will let them delay the ETF - total and utter BS! Some believe this little stunt may prevent $BTC from cracking $48K in the short term.
Meanwhile, ETH is outperforming as whales have bought up $1B worth last month and the price has spiked above $2,400 on possible ETF launching. In addition, Grayscale is also considering launching an $XRP ETF. Will $XRP hit $1.1? Ali Martinez believes so.
If you were in Celsius and withdrew over $100K 3 months before July 13th (which would be Apr 13th) you owe them 27.5% of what you withdrew or get sued; I call this total BS.(3) When it comes to taxation, the IRS is way behind the curve as more investors dive into Crypto with the ETFs that are coming.
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Podcast of the Day: #1292 Mitchell Askew | Will Bitcoin ETF or Bitcoin Halving Be More Impactful?
| TPP
