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Happy Monday Folks! Bitcoin is trading down at $36,923.05. I am back from the Holiday and I had a blast. I spent it with friends who are basically family, food was amazing, and football was good except the darn Eagles won last night so it doesn't appear any team will stop them so they will most likely win the Superbowl. Bitcoin isn't having such a good time so will November end in the red? Let's get to today's news...
US crackdowns could delay next Crypto bull run and Delving into Bitcoin's historical trends reveals compelling insight into why upcoming month can be considered bullish. The ‘WAGMI’ mentality is undermining crypto and greed, irrationality and anxiety have contributed to chaos in the crypto market. Investors should work on self-improvement if they want the industry to succeed. GBTC discount to NAV shrinks to narrowest since July 2021. Antoine Riard, who left the Lightning Network in October, argues the Lightning Network is also at risk of becoming increasingly centralized and susceptible to single points of failure and censorship risks.
Investing legend Charlie Munger wrong about Bitcoin, according to Pantera Capital’s Dan Morehead. US Presidential candidate RFK jr. supports Bitcoin and if elected, it will bring tax exemption to BTC.
Institutional investors flock to Ethereum, holdings see notable uptick amid ETF hype. Cardano could hit a new yearly high before end of 2023. Tron overtakes BTC as Hamas’ and Hezbollah’s blockchain of choice.(2) Justin Sun pointed out that the TRX network is decentralized and stated that their interventions regarding such uses are limited.
Circle and SBI Holdings partner to boost USDC circulation in Japan.
The SEC is having trouble serving Hex founder Richard Heart with its lawsuit.(2) Changpeng Zhao, ex-CEO of Binance, faces a potential 10-year prison sentence for violating the Bank Secrecy Act(2) and Coinbase CEO Brian Armstrong told CNBC’s Joumanna Bercetche that the U.S. government’s enforcement action against Binance will allow the crypto industry to “turn the page.”(2) Binance CEO Richard Teng: We ‘maintain 1:1 backing for every user asset.' F2Pool identified as first Bitcoin Mining pool to filter transactions.
ECB President Christine Lagarde's son lost around 60% of his crypto investment, despite her warnings about the risks.Crypto exchange HTX reinstates Bitcoin services after $30M hack. Inferno Drainer, one of the most popular crypto wallet-draining kits for hire says it is shutting down for good after helping phishing scammers steal nearly $70 million worth of crypto this year. North Korean hackers have been posing as journalists and South Korean government agencies, targeting victims for crypto and the hackers utilized impersonation tactics to steal crypto by expropriating victims' user IDs and profiles.(2)
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Podcast of the Day: US crypto regulation is likely 'in a holding pattern' until after the 2024 election: Paradigm Policy Director | The Scoop
