"Celebrate your personal victories because no one else understands what it took to achieve them." -Nitya Prakash
Big News Of The Day: Grayscale’s Total Assets Under Management Hits $60B
Podcast Of The Day: The Pomp Podcast - #718 The Inflation Game w/ Jason Williams
Video Of The Day: Aimstone: Do NOT be Scared of this Dip!! Investing In Bitcoin Now is like Investing in Internet in 1998!!
Blog Of The Day: 6 Essential Lessons From “The Tortoise and the Hare” To Master the Bitcoin Game
My Hot Take
Digital Currency Group’s Grayscale Investments announced Wednesday that the firm’s total assets under management exceeded $60 billion for the first time, eclipsing the AUM for the world’s largest gold ETF, the SPDR Gold Shares, which had $57.3 billion as of November 9.
In addition, The SEC has halted the token registration of the first Wyoming-based DAO LLC. It has begun administrative proceedings against the company due to “misleading” statements in its registration filings. The American CryptoFed DAO LLC sought to use the path laid out in Commissioner Hester Peirce’s Token Safe Harbor proposal.
After setting a new all-time high at $69,000, bitcoin dumped by more than $6,000 in hours before calming around $65,000. Most alternative coins experienced similar price fluctuations, with ETH plummeting from $4,875 to $4,450.
Gas prices for layer 1 Ethereum can only be described as insane at the moment. According to Bitinfocharts, the average transaction fee on Ethereum spiked to $63 on Nov.9, its second-highest level in network history.
Jesse Powell, CEO of crypto exchange Kraken, says that Bitcoin (BTC) won’t be unseated anytime soon and Trading veteran Peter Brandt is a long-term Bitcoin (BTC) bull, but he’s expecting Litecoin (LTC) to outperform the leading crypto soon.
E-commerce giant JD.com took payments in China’s central bank digital currency (CBDC) at a massive local shopping event.
Esports and crypto are two industries that continue to find immediate crossover. Outside of the growing play-to-earn atmosphere, spearheaded by the likes of Axie Infinity, the traditional esports and gaming atmosphere is finding new partnership avenues left and right.
Finally, the Pay Me In Bitcoin movement has a new member, Meek Mill. Through an Instagram story, the superstar rapper announced that he wants to get paid in Bitcoin.
Best Performing Top 10 Asset is: SOL - $239.47
Well that's a wrap but, continue to read, watch, and listen to the information I curate on my website. I believe you will be well positioned to benefit from the most transformative technological shift we've seen in our life time. Be STRONG and HODL on!
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Remember: Bitcon 2022 tickets for Apr 06-09 in Miami and Consensus 2022 is Jun 10-12 in Austin, Texas; hope to see you at both!
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