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Follow Dat Money | Crypto Projections
READ
Happy Monday Folks! Over the weekend, it appears that Balaji Srinivasan (former CTO of Coinbase) decided to make a wild bet that broke the internet; $2M that $BTC would be $1M in 90 days. Not only is this NOT probable I don't believe it's possible, needless to say it's just a marketing ploy that worked well. Crypto Fear and Greed Index is at 66 up from 63 yesterday - which is getting toppy. Let's jump into the real news...
Trending News Topics:
- Bitcoin breaking $28K (7)
- Desantis says NO CBDC (6)
- FDIC sells Signature Bank (5)
CRYPTO
Crypto Flourishes in Vietnam With 16.6 Million Holders. Cryptocurrency Outlook Is Strengthened by U.S. Banking Turmoil: Coinbase. 21Shares Halts Several Crypto Products Citing Decreased Interest. Digital Asset Outflows Continue for 6th Week Despite Bitcoin Price Surge.(2) It’s ‘Critical’ Crypto Innovation Stays in U.S., Former White House Adviser Carole House Says.
BITCOIN & ETHEREUM
Will the Fed stop rate hikes? 5 things to know in Bitcoin this week (Cointelegraph):
- Fed rate hike cycle in doubt
- Bitcoin spot price eyes $30,000
- Analyst heralds end of bear market
- New all-time highs due for Bitcoin difficulty
- The most greed since Bitcoin price was $69,000
Bitcoin hits $28K as uncertainty surrounds banks with fear and greed hitting 16 month high; exercise caution.(7) Bitcoin is up over 40% since the March banking crisis began. Bitcoin levels to watch as BTC price eyes highest weekly close in 9 months. Open Interest in Bitcoin Futures Hits Yearly High of $12B. Bitcoin outflows jump tracked by Coinshares despite rally. Goldman and Blackrock Highlights Bitcoin as Best-Performing Asset.(3) Bitcoin continues to climb higher as Ark Invest sees crypto safe haven. Here is What 2023 Holds for Bitcoin, According to BitMEX.(3) Bitcoin Is the Big Winner in an Inflationary Environment, Says BTC Bull Anthony Pompliano. Bitcoin and Stablecoins Will Bring Crypto Mass Adoption to Africa, Experts Say. Bitcoin mining stocks surge amid BTC market upturn.
Ethereum (ETH) Has Door Open to $2,000 and Higher, Santiment Shares Reason. staking ’s Take on Ethereum’s Game-Changing Shapella Update: Staking to Reach New Highs.
THE BET
Former Coinbase CTO Balaji Srinivasan makes $2M bet on Bitcoin's performance; Bitcoin will shatter $1M in 90 days.(3) Prominent Crypto Analyst Bets Against Srinivasan's $1 Million Bitcoin Prediction. How Realistic Is Former Coinbase CTO’s $2 Million Bitcoin Wager on US Hyperinflation?
CBDCs
Florida Governor Ron DeSantis Proposes Law to Ban CBDCs.(6)
EXCHANGES & BANKS
Crypto.com Gets Closer to an Operational License in Dubai.(2) Crypto Firms Are Retreating to Swiss Banks After Industry Meltdown. UBS Group agrees to $3.25B ‘emergency rescue’ of Credit Suisse.(2) Ex-Credit Suisse CEO’s Bitcoin ‘bubble’ forecast backfires as bank sold to survive. FDIC Sells Signature Bank’s Deposits To Flagstar, Excludes $4 Billion In Crypto.(5) US midsize banks seek FDIC Insurance on 'all deposits' for 2 years. No Crypto Banking Port Has Really Opened Up in This U.S. Storm. SVB’s UK arm issues 15M pounds in bonuses after symbolic bailout. Silicon Valley Bank’s downfall has many causes, but crypto isn’t one.
OPINION: U.S. Banking Cutoff Presents Opportunities for Crypto in Europe. Credit Suisse’s Buyout Shows Banks Still Have a Banking Problem
LEGISLATION & REGULATION
Coinbase Expresses Optimism Over UK’s Crypto Regulatory Consultation, Foresees Bullish Future. Taiwan watchdog FSC to assume authority on crypto regulation.(4) Venezuela overhauls national crypto department.(2) Federal Reserve’s Michael Barr Leads the Charge on an ‘Unregulated Stablecoin’ Crackdown.
OPINION: Senator Cynthia 'Crypto Queen' Lummis: Lack of Laws Pushing Industry Overseas
LEGAL CASES
SBF shilled FTX risk model to FDIC chairman Gruenberg prior to collapse. FTX’s Bahamas Arm a ‘Nullity’ That Should Be Stripped of Assets: Court Filings. FTX sues for control of Bahamas assets, calls FTX Digital Markets ‘a front’ to defraud customers.
ATTACKS/HACKS/SCAMS
BlockSec Foils Hackers Attempt To Steal $5 Million From ParaSpace. Bitcoin ATM maker General Bytes shuts down its cloud service after hacker identifies vulnerability.(3) Euler Finance hacker sends 100 ETH to red-flagged North Korean address.(2) $2.5 Billion Stolen From US Victims via Crypto Investment Scams in 2022.(2)
WATCH
Video of the Day: Be Your Own Bank (Bitcoin) | Trader University
LISTEN
Podcast of the Day: How Rich People Avoid Paying Taxes | KC Chohan, Founder & CEO of Together CFO | TWOAS
Other Podcast
- Bitcoin Was Created for Times Like These | The Breakdown
- #1175 Raoul Pal On Bitcoin And The 2023 Financial Crisis | The Pomp Podcast
- 163 - What SEC Commissioner Hester Peirce Thinks About the SEC | Bankless
- Nick Hansen (Luxor) on Ordinals, Blockspace, and Mining Pools | On The Brink
- Fedwatch 136 - Is This the Big One? Credit Suisse Today, Who is Next?? | Bitcoin Magazine
