Weekend Roundup May 31 - June 6
Daily Crypto News8 Kesä 2024

Weekend Roundup May 31 - June 6

It’s our weekly roundup. Let’s dive into what caught our attention over the past week.


First up, let's talk about Sarah's new nails – a rainbow of colors. She’s got her own unique style going, and it’s honestly the simplest nails she's ever done. When I asked if she did them herself or went to a Korean salon, she surprised me by saying she goes to a Russian one. Always full of surprises, Sarah.


Anyway, let’s get into the news. On Friday, Sarah highlighted PayPal’s stablecoin, PYUSD, launching on Solana. Previously limited to Ethereum, this move could boost their market dominance despite their current low market share. Sarah’s skepticism about the need for another stablecoin, given the dominance of USDT, USDC, and DAI, made for a great discussion. With Tether reporting a $6.2 billion profit in 2023, it’s clear there’s big money in stablecoins.


On Monday, Sarah passed the mic to me to cover Biden’s veto of the SEC’s Staff Accounting Bulletin 121, which was a guidance on crypto custody by companies. Congress felt the SEC overstepped, but Biden backed the SEC, signaling potential anti-crypto sentiments. This move seemed more about supporting his appointed SEC chair rather than a direct stance against crypto. It’s a classic case of office politics in action.


Tuesday was all about Roaring Kitty, the man behind the GameStop frenzy. He revealed he holds over $200 million in GameStop shares, causing the stock to surge 48%. This raised questions about market manipulation, but as Sarah and I discussed, it’s more about his influence and less about any foul play.


By Wednesday, Bitcoin was back in the spotlight, crossing $71,000 with $880 million in ETF inflows. Fidelity, BlackRock, and ARK were major players, while Grayscale saw outflows. We debated the potential for Bitcoin’s value, with predictions ranging from conservative to wildly optimistic. The real question is, can the market sustain these high valuations?


Finally, on Thursday, we discussed the innovative vision of Carl Pei and the Nothing Phone. Pei’s idea of integrating AI deeply into our phone usage could revolutionize how we interact with technology. The challenge will be balancing convenience with privacy concerns, as AI would need significant access to personal data to function effectively.


That’s a wrap for this week’s review. Thanks for tuning in, and we’ll see you next time. Happy HODLing!

Hosted on Acast. See acast.com/privacy for more information.

Jaksot(685)

Jan5: Global Crypto Reforms & Trends: Regulation Moves, ETF Hopes, and Strategic Sales

Jan5: Global Crypto Reforms & Trends: Regulation Moves, ETF Hopes, and Strategic Sales

The global cryptocurrency landscape is undergoing significant changes and facing new regulatory measures. South Korea has decided to exclude decentralized crypto wallets, like MetaMask, from overseas declaration requirements, offering a more lenient approach towards individual users. Meanwhile, Chinese officials are ramping up their fight against crypto-related corruption, calling for enhanced legal measures to govern the burgeoning sector. Japan's Monex is set to acquire a majority stake in 3iq to bolster its crypto unit, reflecting growing institutional interest in the digital asset industry.WorldCoin makes headlines as it launches its eyeball-scanning crypto project in Singapore, marking a significant and somewhat controversial milestone in integrating biometric data with cryptocurrency. Despite these innovative strides, financial advisors remain skeptical about the immediate future of Bitcoin ETFs, even as the SEC approves them, indicating a cautious stance among professional investors. Celsius plans to unstake $466 million in Ethereum holdings to ensure ample liquidity for its creditors, a move reflective of the ongoing adjustments within crypto firms.________News Links 👇https://coingape.com/south-korea-excludes-decentralized-crypto-wallets-metamask-from-overseas-declarations/https://cryptopotato.com/chinese-officials-tackle-rising-crypto-corruption-call-for-enhanced-legal-measures/ https://www.reuters.com/markets/deals/japans-monex-buy-majority-stake-3iq-boost-crypto-unit-2023-12-28/ ​​https://dailyhodl.com/2023/12/27/landmark-year-for-worldcoin-as-eyeball-scanning-crypto-project-launches-in-singapore/ https://dailyhodl.com/2023/12/27/landmark-year-for-worldcoin-as-eyeball-scanning-crypto-project-launches-in-singapore/https://decrypt.co/211770/financial-advisors-are-still-skeptical-sec-approves-bitcoin-etf-bitwise-sayshttps://decrypt.co/211799/celsius-to-unstake-466-million-ethereum-holdings-ensure-ample-liquidity-for-creditorshttps://www.theblock.co/post/270543/cathie-woods-ark-invest-offloads-additional-4-million-in-coinbase-shares Hosted on Acast. See acast.com/privacy for more information.

5 Tammi 202412min

Jan 4: Crypto Landscape: Fidelity's ETF Hope, Visa's Web3 Pivot, and Privacy Coins at Risk

Jan 4: Crypto Landscape: Fidelity's ETF Hope, Visa's Web3 Pivot, and Privacy Coins at Risk

The cryptocurrency sector is seeing a mix of optimistic advancements and challenging headwinds. Fidelity's Bitcoin ETF is poised to trade on the CBOE, yet there's still no clear response from the SEC, leaving investors in a state of anticipation. Franklin Templeton receives a green light from the SEC for a Bitcoin securities lending program, marking a significant regulatory milestone. Visa is stepping into the future with a pilot for a Web3 customer loyalty platform, indicating a growing interest from major financial players in blockchain technology.In legal arenas, a U.S. Supreme Court Justice has raised concerns about AI's evolving impact on the legal system, highlighting the need for a careful approach to integrating technology into judicial processes. Binance is contemplating the delisting of privacy coins like Monero, Zcash, and Horizen, reflecting the ongoing tension between privacy, regulation, and market access. Lastly, Cathie Wood's ARK Invest has made a notable move by selling $25 million worth of Coinbase shares, signaling a strategic shift in their crypto investment strategy.________News Links 👇https://decrypt.co/211702/fidelity-bitcoin-etf-set-to-trade-on-cboe-but-no-word-from-sechttps://www.theblock.co/post/270362/franklin-templeton-rdc-bitcoin-securities-sec-exempthttps://blockworks.co/news/visa-pilots-web3-customer-loyalty-platformhttps://decrypt.co/211696/supreme-court-justice-warns-of-ais-impact-on-legal-systemhttps://decrypt.co/211717/privacy-coins-monero-zcash-horizen-at-risk-of-delisting-by-binancehttps://www.theblock.co/post/270272/cathie-woods-ark-invest-sells-25-million-worth-of-coinbase-shares——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

4 Tammi 20247min

Jan 3: Turbulent Week: Bitcoin's Flash Crash, Saylor's Sell-Off, NFT Surges, and Puma's Web3 Commitment

Jan 3: Turbulent Week: Bitcoin's Flash Crash, Saylor's Sell-Off, NFT Surges, and Puma's Web3 Commitment

The cryptocurrency world experienced a week full of dramatic turns. Bitcoin's recent bull run faltered, plunging 7% to $42,000 in a rapid flash crash, as reported by various analysts and market observers. This downturn comes amidst broader market speculations and adjustments. Meanwhile, Michael Saylor, a prominent Bitcoin advocate, has commenced plans to sell $216 million worth of MicroStrategy stock options, a move that has caught the attention of investors and market analysts alike. In the NFT space, Solana's sales are skyrocketing, even surpassing Ethereum's monthly volume, indicating a significant shift in the digital art and collectibles market.As the crypto industry continues to evolve, major brands like Puma reaffirm their commitment to Web3 and blockchain initiatives despite the market's volatility, suggesting a long-term view of the technology's potential. In more surprising news, television personality Jim Cramer has executed a dramatic U-turn on Bitcoin, signaling a sell, a move that often garners mixed reactions given his controversial market predictions. Lastly, Midjourney is making leaps into AI video creation, reflecting the growing intersection of artificial intelligence and creative content generation.________News Links 👇https://www.matrixport.com/institutions/research/matrix-on-target/813https://decrypt.co/211634/bitcoin-plunges-7-to-42000-in-flash-crash-as-bull-run-faltershttps://www.coindesk.com/business/2024/01/03/michael-saylor-commences-plan-to-sell-216m-worth-of-microstrategy-stock-options/https://decrypt.co/211547/solana-nft-sales-skyrocket-ethereum-monthly-volumehttps://techcrunch.com/2024/01/02/why-puma-is-sticking-to-its-web3-bets-as-crypto-shakes-off-a-long-held-winter/https://decrypt.co/211530/sell-signal-jim-cramer-pulls-u-turn-on-bitcoinhttps://decrypt.co/211583/midjourney-leaps-into-ai-video-creation——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

3 Tammi 202411min

Jan 2: Biggest 2023 Events & Bitcoin's Bold Surge to $45K

Jan 2: Biggest 2023 Events & Bitcoin's Bold Surge to $45K

Bitcoin has kicked off 2024 with an assertive push toward the $45,000 mark, igniting enthusiasm and speculation across the crypto markets. This significant upward movement has caused a ripple effect, resulting in over $73 million in short liquidations as prices spiked above $45,800, catching many traders off guard and emphasizing the volatile and unpredictable nature of cryptocurrency markets. Amidst this bullish trend, traders on Polymarket are expressing a strong conviction in the regulatory sphere, with an 89% prediction of the SEC approving a spot Bitcoin ETF by January 15th. This optimism reflects a broader sentiment in the crypto community, hoping for increased legitimacy and mainstream acceptance of cryptocurrencies with potential new investment avenues opening up.________News Links 👇https://www.coindesk.com/markets/2024/01/02/bitcoin-begins-2024-with-a-push-toward-45k/?_gl=1*916uzi*_up*MQ..*_ga*MTAyNzA2OTU4Ny4xNzA0MjA4NjY3*_ga_VM3STRYVN8*MTcwNDIwODY2Ny4xLjAuMTcwNDIwODY2Ny4wLjAuMA..https://www.theblock.co/post/269881/bitcoin-price-spike-above-45800-caused-over-73-million-in-short-liquidationshttps://www.coindesk.com/markets/2024/01/02/polymarket-traders-see-89-chance-of-sec-approving-spot-btc-etf-by-jan-15/?_gl=1*pm8ad3*_up*MQ..*_ga*MTAyNzA2OTU4Ny4xNzA0MjA4NjY3*_ga_VM3STRYVN8*MTcwNDIwODY2Ny4xLjAuMTcwNDIwODY2Ny4wLjAuMA..——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

2 Tammi 20249min

Dec 29: Asia's Crypto Reforms and Market Moves: Tax Cuts, Premiums, Busts, and ETFs

Dec 29: Asia's Crypto Reforms and Market Moves: Tax Cuts, Premiums, Busts, and ETFs

This week in Asian cryptocurrency markets reflects diverse reforms and dynamic activities. Japan's cabinet is considering a progressive step by proposing to scrap corporate tax on unrealized crypto gains, potentially boosting investment and innovation within the country's digital asset space. In South Korea, high Bitcoin premiums are indicative of strong retail investor activity, as analyzed by CryptoQuant, suggesting a growing and active crypto community. China remains vigilant against illegal financial activities, busting a $2.2 billion forex ring linked to crypto platforms, emphasizing the government's ongoing efforts to regulate the financial landscape. Hong Kong is making strides in the institutional sector by releasing specific requirements for crypto ETFs, positioning itself as a forward-thinking financial hub.In the broader context, India is intensifying its crypto crackdown by moving to block major exchanges like Binance and Kraken, reflecting a stringent regulatory approach. OKX is responding to global regulatory pressures by delisting privacy coins, highlighting the ongoing debate over privacy and compliance. Despite the challenges, Binance reports a 30% growth in users in 2023, showcasing resilience and continued trust from the global crypto community, even as it navigates through executive resignations and legal hurdles.________News Links 👇https://www.coindesk.com/policy/2023/12/25/japans-cabinet-proposes-scrapping-corporate-tax-on-unrealized-crypto-gains/ https://cryptopotato.com/high-korean-bitcoin-premiums-signal-strong-retail-investor-activity-cryptoquant/ https://www.cryptotimes.io/china-busts-2-2b-forex-ring-linked-to-crypto-platforms/ https://blockworks.co/news/hong-kong-releases-crypto-etf-requirements https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/doc?refNo=23EC65https://decrypt.co/62912/high-profile-bitcoin-etf-applicationshttps://decrypt.co/211114/india-block-binance-kraken-other-exchanges-crypto-crackdownhttps://www.theblock.co/post/269613/okx-privacy-coins-delistinghttps://unchainedcrypto.com/binance-reports-30-growth-in-users-in-2023-despite-resignation-guilty-plea-by-ceo/——————————————————————©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

29 Joulu 202315min

XYO 101 w/ Co-Founder Markus Levin

XYO 101 w/ Co-Founder Markus Levin

XYO's sovereignty protocol, modular platform, and Proof-Of-Origin Blockchain propel businesses into a new era of unparalleled decentralized efficiency. The XYO protocol is a set of blockchain standards and established rules for both the XYO ecosystem, and the structured data within it. The protocol provides a cohesive blend of sovereignty, permanence, and provenance for all technologies built on the XYO Platform. This creates a seamless, interoperable data transfer XYO Ecosystem.________News Links 👇https://xyo.networkTwitter: @OfficialXYO——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2023 Matthew Aaron Podcasts LLCDaily Bitcoin, Ethereum, & Crypto News! Hosted on Acast. See acast.com/privacy for more information.

28 Joulu 20237min

Dec 28: ARK's Bold Shift, Trump's ETH Dump, $1.8B Losses, & Airdrop Highlights

Dec 28: ARK's Bold Shift, Trump's ETH Dump, $1.8B Losses, & Airdrop Highlights

This week in cryptocurrency brought a series of bold moves and reflective data. Cathie Wood's ARK Investment Management made a significant strategy shift by selling off its remaining shares in the Grayscale Bitcoin Trust (GBTC) to purchase $100 million in Bitcoin futures ETF, indicating a new direction in their investment approach. In the NFT space, former President Donald Trump reportedly offloaded millions in Ethereum following an underwhelming NFT venture, spotlighting the volatile nature of crypto assets tied to public figures. A stark reminder of the risks in the digital asset world, a report reveals that crypto users faced a staggering $1.8 billion in losses due to hacks and scams in 2023, underscoring the need for enhanced security measures. On a more positive note, the year witnessed some of the biggest crypto airdrops, with platforms like Arbitrum, Blur, Celestia, and Jito making notable distributions, highlighting new opportunities and rewards for active community members. Meanwhile, Bonk, a Solana-based meme coin, experiences a slowdown, reflecting the unpredictable ebb and flow of crypto token popularity.________News Links 👇https://decrypt.co/211088/cathie-woods-ark-sells-remaining-gbtc-shares-buys-100m-in-bitcoin-futures-etfhttps://decrypt.co/211064/trump-dumps-millions-in-eth-after-disastrous-nft-reduxhttps://www.theblock.co/post/269349/crypto-users-lost-1-8-billion-in-2023-hacks-and-scams-immunefi-sayshttps://decrypt.co/211031/biggest-crypto-airdrops-2023-arbitrum-blur-celestia-jitohttps://decrypt.co/211030/bonk-solana-based-meme-coin-slows-downhttps://www.coingecko.com/research/publications/biggest-crypto-airdrops——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2023 Matthew Aaron Podcasts LLCDaily Bitcoin, Ethereum, & Crypto News! Hosted on Acast. See acast.com/privacy for more information.

28 Joulu 20237min

Dfinity 101 w/ Dominic Williams

Dfinity 101 w/ Dominic Williams

The Internet Computer is governed and updated by the Network Nervous System (NNS), a protocol-integrated DAO that decides using liquid democracy.________News Links 👇Twitter: @dominic_whttps://dfinity.orghttps://internetcomputer.org——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2023 Matthew Aaron Podcasts LLCDaily Bitcoin, Ethereum, & Crypto News! Hosted on Acast. See acast.com/privacy for more information.

27 Joulu 202314min

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