10 May: Arbitraging Bitcoin

10 May: Arbitraging Bitcoin

By theinspired | Inspiration | 10 May 2023


"An effort made for the happiness of others lifts above ourselves."
 –Lydia M. Child

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Guess what day it is Folks? HUMPDAY! Yesterday, Binance decided to list Ordinals Token, SBF continues to fight to defend himself, and Bittrex filed for Chapter 11 Bankruptcy. The fear and greed index inches a tad to 52 and the best performing asset for the past 24 hours remains $SOL up .32% and inches one notch up to position #9. Let's get on to the news...

Trending News Topics:

  • Binance.US Bitcoin Premium (3)
  • Ireland Central Banker Squawking (3)
  • Raoul Pal thinks Crypto rallies (2)

CRYPTO

PayPal Discloses Nearly $1B of Crypto Assets on Balance Sheet. While, Market Makers Jane Street and Jump are Retreating From U.S. Crypto Trading.

Question: Crypto market sheds $20 billion in a week, headed below $1 trillion? Is Argentina Courting Breakdown by Barring Crypto Integration?

Opinion: Former Goldman Sachs Raoul Pal Executive Says Crypto Markets About To Accelerate Out of Bear Market Much Faster Than 2019.(2) Are Cryptocurrencies an Inflation Hedge? Theoretically Yes, Factually No Says S&P

BITCOIN

Bitcoin eyes $28K push as traders demand CPI day BTC price volatility. But, Americans Lose Confidence in the Economy and Bitcoin Isn’t Helping. Bitcoin Moves Sideways at $27.5K as Investors Await CPI Inflation Reading. However, Bitcoin traders offer downside targets as BTC price risks sub-$25K dip. 

Grayscale expands ETF business, puts forward 3 new crypto funds. CBOE Seeks ARK 21Shares Bitcoin ETF Green Light Despite Regulatory Hurdles. Bitcoin Core Dev Luke Dashjr Wages War Against BRC-20 Ordinals ‘Network Spam.’ Bitcoin Supplies Shift to Asia as American War on Crypto Escalates.

Hut 8's Alberta Bitcoin Mine Running at 15% Installed Hashrate Due to Electrical Issues. Bitcoin Miner Outflows at 11-month High After Market Rejects $30K. Cipher Mining Buys 11,000 Crypto Mining Rigs From Canaan, Reaches 6 EH/s Hashrate. Bitcoin mining in the desert: Abu Dhabi is set for large-scale Marathon Digital facility.

Question: Has Bitcoin Been Attacked? According to this analyst - Bitcoin ‘under siege’ by BRC-20 coins as fees soar.

Opinion: Ireland’s central bank governor Gabriel Makhlouf slams Bitcoin as a ‘Ponzi scheme.’(3) Mike McGlone Says Bitcoin May Provide 'Guidance for Further Declines.' Arthur Hayes says US Government Will Be Forced To Print Money To Save Political Elite, Pumping Bitcoin and Gold. Nic Carter aruges Bitcoin’s High Fees Are a Feature Not a Bug.

ETHEREUM

Ethereum (ETH) Hits New All-Time Record After 'Dip for Ants.' Ethereum Staking Rewards Soar, Hitting Record High Post-Merge.

STABLECOINS & CBDCs

Xapo Bank to Enable Tether Deposits, Withdrawals.

Opinion: Push to Launch American CBDC Will Drive Feverish Interest In Bitcoin, Says MicroStrategy’s Michael Saylor

ALTCOINS

Binance Coin (BNB) Price Shows Bullish Signs Amid Bitcoin Fees Hike. Solana (SOL) the Only Altcoin To See Institutional Investments Last Week: CoinShares.

EXCHANGES

DCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital.(2) Bitcoin priced on Binance​.US crypto exchange at $700 premium.(3) Binance Wants To Connect Crypto Funds With Institutional Capital. Coinbase Works to Fix Wallet Support for Ethereum Staking Withdrawals Stuck in Limbo. Grayscale is worried the SEC may ban it from using Coinbase.

LEGISLATION/REGULATION/TAXATION

Biden calls to end $18B ‘crypto tax loopholes’ and blames Republicans for defending— community begs to differ. U.S. House to hold rare joint committee hearing in growing crypto effort. Galaxy’s Novogratz: Crypto ‘Regulatory Headache’ in US Not Going Away Soon. MiCA can ‘serve as a model’ for US crypto regulation, SEC’s Peirce says. Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rules.

LEGAL CASES

Blast from the Past: Bankrupt Crypto Exchange QuadrigaCX Will Start Interim Distribution for Some Users, EY Says.

ATTACKS/HACKS/SCAMS

Ex-Coinbase Product Manager Sentenced to 2 Years in Prison for Insider Trading. Vietnam Court Holds Trial in $1.5M Crypto Robbery and Kidnapping Case. U.S. Authorities Extradite UK Citizen Behind 2020 Twitter Hack, SIM Swap Crypto Theft.

WATCH

LISTEN

Podcast of the Day: A Philosophical Case for Bitcoin with Bradley Rettler | What Bitcoin Did

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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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