April 25: 44.6% Capital Gains?

April 25: 44.6% Capital Gains?

This week in the cryptocurrency sector has been marked by anticipated legislative developments, significant personal statements from industry leaders, and notable investment trends. A stablecoin regulation bill is nearing readiness for presentation in the U.S. House, as stated by Democrat


Maxine Waters, signaling a move towards more structured oversight in the digital currency space. In a poignant moment for the crypto community, former Binance CEO Changpeng Zhao has issued a formal apology alongside his sentencing, bolstered by 161 letters of support, underscoring the complex interplay of leadership and accountability in the crypto industry.


On the economic front, a new report reveals that Bitcoin's inflation rate is now lower than that of gold, positioning Bitcoin as a potentially more stable store of value in the eyes of investors. In a unique intersection of finance and memorabilia, a notepad with "Buy Bitcoin" noted behind Janet Yellen has been auctioned for a staggering $1 million, highlighting the cultural impact and speculative interest surrounding Bitcoin.


Meanwhile, the investment landscape sees a shift as Bitcoin ETFs experience $120 million in outflows, with BlackRock's iBit ETF ending its 71-day inflow streak, reflecting fluctuating investor confidence and market dynamics. These events collectively paint a vibrant picture of the ongoing evolution within the cryptocurrency market, characterized by regulatory steps, personal developments, and shifting economic indicators.

________


https://substack.com/@dcndailycryptonews


https://www.udio.com


News Links 👇


https://www.coindesk.com/policy/2024/04/25/stablecoin-bill-could-be-ready-for-the-us-house-soon-says-top-democrat-maxine-waters-bloomberg/


https://www.theblock.co/post/290650/former-binance-ceo-changpeng-zhao-apologizes-sentencing-161-letters-of-support


https://decrypt.co/227940/bitcoins-inflation-rate-is-now-lower-than-gold-report


https://decrypt.co/228037/buy-bitcoin-notepad-held-behind-janet-yellen-sells-for-1m


https://decrypt.co/228027/bitcoin-etfs-see-120-million-outflows-blackrocks-ibit-ends-71-day-inflow-streak


———


***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(820)

August 7: Bitcoin Is Stuck. Institutions Keep Buying Anyway.

August 7: Bitcoin Is Stuck. Institutions Keep Buying Anyway.

Bitcoin is still stuck in its long sideways range, but the buyers underneath the market are getting harder to ignore. Matt covers roughly $1.2 billion in Bitcoin whale accumulation and about $750 mill...

7 Aug 8min

August 5: Coldcard's Failure Is Becoming a $130 Million Disaster

August 5: Coldcard's Failure Is Becoming a $130 Million Disaster

Coldcard remains the dominant story as estimates of the hardware wallet exploit continue climbing. Researchers now believe at least 15 attackers were involved, with losses exceeding $100 million and p...

5 Aug 9min

August 4: Coldcard's Wallet Failure Is a Reminder That Self-Custody Isn't Risk-Free

August 4: Coldcard's Wallet Failure Is a Reminder That Self-Custody Isn't Risk-Free

Coldcard is at the center of the crypto conversation after a flaw in its seed-generation process reportedly allowed attackers to brute-force wallet seed phrases, ultimately draining an estimated 1,367...

4 Aug 14min

Craig Cobb: Bitcoin Is Drifting Lower, But the Best Trading Opportunities May Be Ahead

Craig Cobb: Bitcoin Is Drifting Lower, But the Best Trading Opportunities May Be Ahead

Craig says Bitcoin is still grinding lower, but not with enough momentum to create consistently strong trading conditions. The market remains trapped between roughly $59,000 and $65,000, with most maj...

3 Aug 8min

August 3: Strategy Sells More Bitcoin

August 3: Strategy Sells More Bitcoin

Strategy sold another 1,638 Bitcoin for roughly $105 million, while also raising about $290 million through common stock sales and maintaining billions in cash to cover preferred dividends. Matt quest...

3 Aug 12min

July 31: The Next Bitcoin Crash Will Test Whether You Actually Believe

July 31: The Next Bitcoin Crash Will Test Whether You Actually Believe

Bitcoin remains stuck near $64,000, but Matt focuses on the harder question: what happens when the next crash comes with a believable reason that Bitcoin is actually broken? He considers a future quan...

31 Jul 14min

July 30: Prediction Markets on  Robinhood

July 30: Prediction Markets on Robinhood

Robinhood generated more second-quarter revenue from prediction-market contracts than from either crypto or equities trading, showing how quickly event contracts are becoming a major business line. Bi...

30 Jul 12min

July 29: Bitcoin Miners Are Becoming AI Companies

July 29: Bitcoin Miners Are Becoming AI Companies

Core Scientific is rapidly shifting from Bitcoin mining toward AI data-center infrastructure after reporting $164.2 million in second-quarter revenue and announcing a major AMD partnership. Matt argue...

29 Jul 12min

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