"Living well is the best revenge."
–George Herbert
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Guess what day it is Folks? HUMPDAY! Bitcoin is trading down at $42,595.69 and it continues to struggle to get back up above $44K. So let's get on with the news...
JUST IN: BlackRock has amassed 16,361 BTC since the inception of their IBIT Sport Bitcoin ETF!
Yesterday, the IRS announced it would not enforce it's $10K requirement for businesses which isn't a shocker since it would have been nearly impossible to implement.(4)
Jamie Dimon and Peter Schiff continues to be the "OLD MEN yelling at Bitcoin," calling it a pet rock.(6) Bitcoin is seeing it's first weekly "Golden Cross" and $10B was traded in just 3 days with the Spot Bitcoin ETFs.(3) Ark buys $15.9M worth of it's own Bitcoin ETF.(2) ProShares files for 5 Bitcoin ETFs with indirect exposure.(2) VanEck closes it's Futures Bitcoin ETF; boss move.(4)
Many times I hear people say that Bitcoin isn't a medium of exchange and here in America they might be right. However, in El Salvador, 12% of the people use Bitcoin for purchases in 2023.
QCP Capital believes $ETH will outperform $BTC.(2) Ethereum devs have implemented Dencun upgrade on Goerli testnet which will allow for temporary storage and access of off-chain data by ETH nodes to reduce storage demands.(4) Ripple said that the SEC is halting their IPO plans due to the SEC's crackdown.(4) Coinbase goes to court today against the SEC.
Gemini is approved to operate in France.(3)
Sam Bankman-Fried's parents are asking the court to dismiss FTX's lawsuit agains them seeing to clawback funds.(4)
AFTERNOON
Seems folks are concerned with the Grayscale GBTC selling $BTC but it's being overstated by the traders. Bitcoin mining hashrate falls by an estimated 25% as a result of the cold freeze in Texas.
WATCH
LISTEN
Podcast of the Day: BTC165: Bitcoin's 2024 Technical Overview w/ NVK | Bitcoin Fundamentals
Other Podcast
- How Small Bitcoin ETF Issuers Will Compete With the Likes of BlackRock | Unchained
- Larry Fink Is Coming for an ETH ETF Next | The Breakdown
- Bitcoin Lagging | Elon Musk BULLISH | Alts Recovering | Crypto Town Hall | TWOAS
