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Guess what day it is Folks?! HUMPDAY! Yesterday, it was all about Ripple and their case against the SEC. The price of Bitcoin is currently at $29,998.41. The fear and greed index dropped to 50 and the best performing asset for the past 24 hours continues to be $XRP up 4.89%; in position #4.
RFK Jr. said he would use bitcoin to stabilize the U.S. dollar and exempt bitcoin profits from capital gains tax. ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC. Argo Blockchain has completed an oversubscribed share sale, raising around $7.5 million. All-time high hash rates and mining difficulty indicate that miners are bullish on Bitcoin, while recent sell-offs could be a means to hedge positions.
Opinion: BlackRock's application for a spot Bitcoin ETF has kicked off the next Bitcoin bull run, which will culminate in 2024 with a speculative parabolic run, according to Morgan Creek Capital’s Mark Yusko.
A wallet that received over 61,000 ether (ETH) in the initial coin offering (ICO) eight years ago, transferred the entire amount to a wallet on Wednesday, blockchain data shows. The wallet is said to belong to crypto exchange Kraken.
BNB Chain saw its quarterly auto-burn finalize, removing 1,991,854 BNB tokens ($480 million) from circulation. The latest burn is about 1.2% of the circulating BNB supply. Open interest on XRP-based futures contracts crossed the $1.1 billion mark in the past 24 hours.XRP outperforms the crypto market as hopes of settlement with the SEC and metaverse investment boost buyer sentiments.
Brian Armstrong, the CEO of United States-based cryptocurrency exchange Coinbase, is reportedly planning to meet with members of Congress to discuss digital asset legislation and related issues. SG Forge is licensed to provide buying and selling, exchange and custody of digital assets. OKX unveiled a token reward system for bitcoin and BRC-20 tokens and the exchange described it as a form of staking. FalconX said its products will encompass swaps, options and non-deliverable forwards, intended to provide exposure settled against reference rates from CF Benchmarks
Two Republican members of the U.S. House of Representatives criticized the Securities and Exchange Commission's (SEC) approach to regulating cryptocurrency and suggested the regulator's actions were timed to overshadow and undermine efforts to write comprehensive legislation.
After the favorable outcome of the protracted and widely publicized legal standoff between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple, US District Judge Analisa Torres has referred the case to Magistrate Judge Sarah Netburn. Rep. Ritchie Torres shares a surname with Judge Analisa Torres in the SEC v. Ripple case and referred to the XRP court ruling as the “Torres Doctrine."
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Podcast of the Day: BTC139: Educating the World On Bitcoin w/ John Dennehy (Bitcoin Podcast) | BF
Source:
RFK Jr (The Block | Cryptoglobe | Coindesk | Cointelegraph)
Bitcoin ETP (Coindesk)
Argo Bitcoin Miner (The Block | Coindesk)
Bitcoin Miners Hedging (Cointelegraph)
Mark Yusko (Coindesk)
ETH Whale (Coindesk | UToday | The Block | Cointelegraph | Cryptoglobe | DailyHodl | UToday)
BNB Auto Burn (The Block)
XRP gains 6% (Decrypt | Finbold)
XRP Futures (Coindesk)
Coinbase talks with Congress (Coindesk | The DailyHodl)
SG Forge (Coindesk)
OKX Wallet (The Block)
FalconX BlackRock (Blockworks)
GOP Lawmakers on Gensler (Coindesk | TB)
Ripple Vs. SEC (Finbold)
Congress on Ripple (Cointelegraph)
