Mar 12: Melt Your Face FOMO

Mar 12: Melt Your Face FOMO

In a groundbreaking week for the cryptocurrency market, Bitcoin miner revenue soared to unprecedented levels, signaling a robust bull run that, while generating new millionaires, is doing so at a slower pace than previous rallies. MicroStrategy's stock leapt by 14% as CEO Michael Saylor's additional Bitcoin investments paid off, reflecting a broader confidence in cryptocurrency as Bitcoin ETFs witness a surge, amassing $2.7 billion in weekly gains.


Thailand's regulatory approval for asset management firms to access spot Bitcoin ETFs for professional investors marks a significant step towards mainstream financial integration. Meanwhile, the crypto world watched closely as Wormhole detailed its Solana-Ethereum airdrop, highlighting the continued innovation and interoperability within blockchain technologies.


Amidst these developments, Nigeria's detention of Binance's compliance head and Africa manager for two weeks raises questions about the regulatory challenges facing the industry. This episode dives into these pivotal moments, unpacking what they mean for investors, regulators, and the global cryptocurrency landscape.

________


News Links 👇


https://www.theblock.co/post/281884/bitcoin-miner-revenue-hits-all-time-high


https://www.coindesk.com/markets/2024/03/12/this-bitcoin-bull-run-is-breeding-millionaire-whales-at-slower-pace-data-show/


https://decrypt.co/221253/microstrategy-stock-soars-14-as-saylor-buys-more-bitcoin


https://decrypt.co/221180/bitcoin-etf-surge-crypto-funds-record-2-7-billion-weekly-gains


https://www.theblock.co/post/281896/thailand-allows-asset-firms-to-access-spot-bitcoin-etfs-for-professional-investors-report


https://decrypt.co/221257/wormhole-explains-solana-ethereum-airdrop


https://www.coindesk.com/policy/2024/03/12/nigeria-invited-then-detained-binances-compliance-head-and-africa-manager-for-two-weeks-reports/


——————————————————————


***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 2024 Matthew Aaron Podcasts LLC



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Episoder(848)

Sept 11: Hot CPI, $100 Oil and 5% Treasury Yields, So Why Did Bitcoin Jump?

Sept 11: Hot CPI, $100 Oil and 5% Treasury Yields, So Why Did Bitcoin Jump?

Bitcoin reversed sharply from roughly $76,000 to above $78,000 even as August PPI rose 5.4% year over year, CPI increased 0.4% for the month, oil remained above $100 and the 10-year Treasury yield app...

11 Sep 15min

Sept 10: Wall Street Is Building on Crypto Rails While Bitcoin Slips Back Toward $77K

Sept 10: Wall Street Is Building on Crypto Rails While Bitcoin Slips Back Toward $77K

Bitcoin fell toward $76,900 as the 10-year Treasury yield climbed to roughly 4.87%, but the bigger stories are happening around crypto infrastructure. Nasdaq is investing $100 million in Kraken parent...

10 Sep 15min

Craig Cobb: Bitcoin Needs $82,811 as Altcoins Start Leading the Market

Craig Cobb: Bitcoin Needs $82,811 as Altcoins Start Leading the Market

Bitcoin remains trapped in consolidation, but Craig is watching $82,811 as the critical level that would end Bitcoin's monthly downtrend. The total crypto market cap has already broken its correspondi...

9 Sep 5min

Sept 8: Bitcoin Prints a Golden Cross, but $83K Still Has to Break

Sept 8: Bitcoin Prints a Golden Cross, but $83K Still Has to Break

Podcast SummaryBitcoin has printed a golden cross and ETF demand remains strong, but Matt still considers the market sideways until Bitcoin either clears roughly $82,000 to $83,000 or loses $75,000. O...

8 Sep 16min

Sept 7: Bitcoin Stalls Below $80K as AI, Quantum Computing and War Reshape the Risk Picture

Sept 7: Bitcoin Stalls Below $80K as AI, Quantum Computing and War Reshape the Risk Picture

Podcast SummaryBitcoin remains below $80,000 as a surprisingly strong August jobs report, a 4.1% unemployment rate, renewed U.S.-Iran fighting and Brent crude near $97 complicate the outlook for inter...

7 Sep 18min

Sept 4: Bitcoin Broke $80K, But I’m Still Waiting for $82,800

Sept 4: Bitcoin Broke $80K, But I’m Still Waiting for $82,800

Bitcoin briefly reached roughly $81,900 after spot Bitcoin ETFs attracted approximately $731 million in a single day, Treasury yields eased, and Fed Governor Christopher Waller suggested rates could p...

4 Sep 10min

Sept 3: Bitcoin’s Road to $90K Runs Through $82,700

Sept 3: Bitcoin’s Road to $90K Runs Through $82,700

itcoin is trading around $78K, and the price structure is much healthier than it was earlier this summer. The immediate support is roughly $75,674, the critical trend support is around $71,781-$72K, a...

3 Sep 8min

Sept 2: Wall Street Wants Its Own Stablecoin as Bitcoin Miners Keep Pivoting to AI

Sept 2: Wall Street Wants Its Own Stablecoin as Bitcoin Miners Keep Pivoting to AI

Podcast SummaryWall Street's largest banks are preparing their own stablecoin infrastructure while the London Stock Exchange Group and Kraken work toward tokenized UK stocks. Matt looks at whether ban...

2 Sep 12min

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