June 3: Bitcoin Bullish Signals, ETF Progress, and Biden Veto Implications

June 3: Bitcoin Bullish Signals, ETF Progress, and Biden Veto Implications

In the cryptocurrency sector, Bitcoin is showing bullish signals with the cross between a bull flag pattern and MACD suggesting a potential move towards a new all-time high. These technical indicators are creating optimism among traders and investors about Bitcoin's price trajectory. This sentiment is echoed by traders on social media platforms, who are closely monitoring these patterns for potential breakout signals.


Ethereum spot ETFs are making headlines as they may signify an end to the longstanding regulatory battle with the SEC. The approval of these ETFs can be seen as a milestone that could pave the way for broader acceptance and investment in cryptocurrencies, enhancing market liquidity and stability.


On the political front, Changpeng Zhao, former-CEO of Binance, has reportedly begun his prison sentence in California. While that’s happening, the US President Joe Biden's recent veto of the SAB 121 resolution has also drawn attention. This veto blocked legislation aimed at reversing key regulatory measures, reflecting the administration's commitment to maintaining stringent oversight in various sectors, including financial regulations. Internationally, El Salvador's President Nayib Bukele continues to serve his country for the second time.


https://substack.com/@dcndailycryptonews


Today’s News👇

https://cointelegraph.com/news/bitcoin-bull-flag-joins-macd-to-tease-new-btc-price-all-time-high-next

https://x.com/TATrader_Alan/status/1797227897624867001

https://decrypt.co/233357/ethereum-etfs-may-have-ended-sec-war-crypto

https://www.dlnews.com/articles/people-culture/changpeng-zhao-reportedly-begins-prison-sentence/

https://decrypt.co/233358/biden-veto-sab-121-resolution

https://cointelegraph.com/news/el-salvador-nayib-bukele-president-bitcoin

——————————————————————

***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(819)

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

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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

July 28: Crypto Exchanges Are Shrinking

July 28: Crypto Exchanges Are Shrinking

Crypto markets remain sluggish, with Bitcoin drifting around $63,000 as trading activity continues to weaken. Matt argues that the recent wave of exchange closures and layoffs—including BitMEX, BitMar...

28 Jul 10min

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