Collective Shift

The team discuss the biggest news of the week, the fake bitcoin ETF rally. They also discuss the SEC vs ripple case & how the NYAG is suing DCG. 

Key Takeaways 

• BTC soared to $30,800 for the first time since July, and BTC dominance hit its highest level (52.7%) in 2.5 years.
• The CEO of BlackRock, the world’s largest asset manager, referred to crypto as a “flight to quality” in a TV interview. Having such an influential voice advocate for crypto is a big win.
• Fake news about a spot ETF approval caused BTC to surge before fully retracing. The price action arguably signaled that the market had not yet priced in an approval.
• Reddit dropped its blockchain-based community points system, citing regulatory concerns. Not a good look as far as blockchain adoption is concerned.
• Users who followed Matt’s post about the TIA airdrop got x3 as much as intended.

Nic and Leon cover the recent news regarding the SBF trial. They also share their favourite tools from the comprehensive list of crypto research list.

Key Takeaways

• Trial Highlights: Gary Wang, CTO of FTX, mentioned that Alameda has special privileges for trading on FTX. Meanwhile, Caroline Ellison, Alameda's CEO, revealed questionable financial practices, including the misuse of FTX customer funds.
• LastPass Security Concern: LastPass, a popular password manager, faced a significant data breach in 2023. Encrypted passwords, usernames, and other data were compromised. Exercise caution.
• Potential Bitcoin ETF: The SEC might not appeal a recent decision by the US courts, potentially paving the way for the introduction of the first Bitcoin ETF in the United States.
• Blockchain Exploration by Major Financial Institutions: JPMorgan, BlackRock, and Barclays are exploring blockchain tokenization. Experiments with private blockchains continue.

Nick & Leon discuss the crypto top 25 and reveal what they think should stay and what needs to go. They also break down the latest news, including the FTX trial and more!

Key Takeaways 

1. The biggest trial in Crypto; The SBF trial is now underway. 
2. Ethereum Futures are live, with abysmal volume while the crypto market remains very quiet.
3. Positive Bankruptcy news from FTX & Celsius. FTX may be able to recoup 100% due to an AI startup: Anthropic
4. Nick & Leon discuss tokens they see staying in the top 25, UNI, LINK, SOL & MATIC.
5. While some tokens may not survive, SHIB, LTC, BCASH, DOT.

Nick and Leon discuss a flurry of Bitcoin and Ethereum ETF news while Michael Saylor purchases more bitcoin. They also discuss the current top 10 cryptos and what they have been up to, providing some market insight.

Key Takeaways

• The US government avoids a shutdown, with a last-minute deal, while Gary Gensler gets a demanding letter to approve Bitcoin ETFs
• Good and Bad news regarding ETFs, Bitcoin spot ETF delayed, while Ethereum ETF futures approved. Bullish Eth
• MicroStrategy bought more Bitcoin ($147M). The current total is $4.68B. MSTR is up 46% YTD
• The team give you an update on the top 10 cryptocurrencies, BTC ETH Tether BNB XRP USDC Lido Eth CARDANO SOLANA DOGE. Some are more serious than others. We dive in and give you our insight.
• Bankruptcy update: FTX auditors (Preger Metis) being sued by SEC, Three Arrows Capital Founder; Su Zhu arrested in Singapore
• Reminder: Bitcoin Halving is under 200 days from now.

The team breaks down the recent news, including crypto adoption and the Mt GOX claims deadline. They further discuss what they look forward to this week & Justin Suns video.

Key Takeaways 

• Chainalysis’ annual Global Crypto Adoption Index showed Asia is driving crypto adoption and that global adoption is down compared to last year.
• Crypto Conferences show higher attendance than expected. Giving the team encouraging signs
• Mt. Gox extended the deadline to reimburse creditors to next October. Some organised creditors may start receiving their BTC by year-end. The FUD continues
• Mixin, a ‘decentralised’ wallet service suffered a hack, resulting in a nearly $200M loss. Please refresh yourself in our security center.
• Venture Capital has not slowed, with Blockchain Capital raising $580M in two new funds.

The team break down the latest crypto news, from FTX selling tokens to Metamask’s new updates. They also discuss NFTs and the SEC charging a popular project called ‘Stoner Cats’

Key Takeaways 

• FTX received court approval to sell billions worth of BTC, ETH, SOL and other cryptocurrencies. Selling will occur gradually.
• Deutsche Bank, Germany’s largest bank, said it will establish crypto custody and tokenisation services. Institutional adoption continues.
• The SEC ​​charged the creator of the Stoner Cats animated web series with conducting an unregistered offering of crypto-asset securities in the form of NFTs. Two straight weeks of enforcement against NFTs.
• Institutional updates: PayPal launched an off-ramp for U.S. users and Visa released a Solana deep dive. 
• MetaMask announced one of its biggest-ever updates: Snaps. Allowing you to do more things within MetaMask without leaving.

The team break down the latest news in Crypto last week! Solana, Defi, and more ETF news. They also share what they thought was underappreciated!

Three DeFi platforms settled with the U.S. commodities regulator as the crypto crackdown continues. The U.S. is continuing to target DeFi. More enforcement action is highly likely.

The first spot ETF application for ETH was filed with the SEC. Another milestone of sorts. Anyone’s guess as to whether the SEC will approve it. Best to assume it won’t.

Visa expanded USDC settlement capabilities to the Solana blockchain. After a painful 2022, the positive momentum continues for Solana.

PUGB creator Krafton to launch new Layer 1 blockchain on Cosmos

Vitalik focuses on privacy in a new paper.

00:00 Markets
01:52 Lawsuits
05:20 BTC rules
09:30 Ethereum ETF
13:00 Solana
21:30 PUGB
26:00 Crypto Privacy
29:09 Australia

The team discuss the recent SEC and Grayscale battle. Grayscale won the battle but not the war. They also cover the altcoin market and update you on BASE, Binance, Maker and Uniswap 

Key Takeaways 

• Grayscale won its lawsuit against the SEC. This court ruling increases the likelihood of, but does not guarantee, an approval of a spot bitcoin ETF in the U.S.
• U.S. court dismisses lawsuit against Uniswap Labs. Another win in court for crypto.
• More Binance FUD. How many more red flags do you need? 
• Altcoin News: Solana fork for MakerDao, Base Mainnet is finishing with 3.3M profit in 22 days
• Fidelity’s crypto unit published an ETH investment thesis. Recommended read!

The team breaks down the biggest news items of the week, including Solana Pay and Shopify teaming up. They also cover Centralised Exchanges Binance and FTX, with some troubling news.

Key Takeaways 

• Solana Pay integrated its plug-in with Shopify, allowing millions of businesses on its platform to use it for payments. Bullish
• The supply of ETH fell for the first time over a 12-month period, a deflationary year. Bullish
• Binance woes continue with MasterCard ending their partner card program with Binance. Refer to our BNB asset rating, Bearish
• Tornado cash founders have been charged with sanctions violations. Tornado cash is a privacy-preserving protocol. 
• FTX news: FTX may work with Galaxy Digital ( Mike Novogratz) to sell, hedge or stake its 3B in crypto assets. This may spell trouble for the cryptocurrency they own and deduce to sell.