Rise’n’Crypto

While the news hasn’t been hugely positive since Friday’s episode, the weekend didn’t materialize as many thought it would. So, to get you setup for the week, we’ve got five things in Bitcoin you need to know, as well as some fascinating insights from a financial adviser on CNBC. In other news, the Ripple co-founder has endorsed US Vice President Kamala Harris for president, a new malware is stealing private keys from screenshots, and the terrifying story of the CEO of a crypto firm who was held at gunpoint with his family and forced to hand over company funds.

Further reading:

• Arthur Hayes predicts Bitcoin rally after closing short position
• Is crypto entering a bear market? — 5 Things to know in Bitcoin this week
• Bitcoin ‘could very well catch fire’ as next generation of investors mature
• Ripple co-founder signs letter endorsing Harris for president
• New Android malware steals private keys from screenshots and images
• Crypto firm’s CEO resigns after being robbed of company funds at gunpoint

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

There is a lot to catch you up on before the weekend, starting, as always, with Bitcoin. As the crypto market sentiment slips into “extreme fear,” Arthur Hayes, the co-founder of BitMEX, has predicted a brutal weekend that may see BTC drop below $50,000. Conversely, some Bitcoin traders believe the September blues will end early and surprise the bears. Then, we have a smorgasbord of stories for you, including Telegram’s Pavel Durov breaking his silence for the first time since his arrest, Coinbase leading the surge in spending on lobbying in the US, the crypto travel platform Travala integrating with Skyscanner, and Mastercard enabling crypto spending in non-custodial wallets through a new partnership.

Further reading:

• Crypto in ‘extreme fear’ as Arthur Hayes tips ‘sub $50K’ Bitcoin weekend
• Bitcoin traders brush off September blues, say closing price may ‘surprise the bears’
• Coinbase leads crypto lobby surge with 3,475% spending jump since 2017
• Crypto-native travel platform Travala integrates with Skyscanner for 2.2M hotels
• Pavel Durov breaks silence for first time since arrest
• Mastercard enables non-custodial crypto spending in new partnership

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

It has been a busy 24 hours in crypto, albeit not in Bitcoin. Bitcoin network activity has hit a three-year low, and transactions are down 30% in just six months. Outside of Bitcoin, Ripple and SEC agree to stay the $125 million judgment, suggesting an appeal may be on the horizon, the CFTC charges Uniswap with illegal derivatives trading, which angered one of the CFTC’s own commissioners, Senator Elizabeth Warren will debate John Deaton, and a new Angel Drainer upgrade is running rampant.

Further reading:

• Bitcoin transactions dive 30% in 6 months amid BTC price ‘disinterest’
• Why is Bitcoin price down today?
• Ripple and SEC agree to stay $125M judgment, hinting at appeal
• CFTC charges Uniswap with illegal derivatives trading
• Sen. Warren to debate John Deaton, criticizes ‘crypto billionaires’
• Angel Drainer upgraded, deploying 300+ malicious DApps in 4 days

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

A rough day in the financial world means more disappointment for the Bitcoin price, but it did hit a different all-time high in network hashrate. That is, of course, a double-edged sword and several major miners could end up being loss-making as a result. Outside of Bitcoin, pro-crypto lawyer John Deaton has won the Massachusetts Republican Party US Senate primary to set up an election showdown with anti-crypto Senator Elizabeth Warren in November. In less positive news, scammers have found a way to burn tokens inside Solana wallets, and if you’re active in the space, you’ll want to be aware of it.

Further reading:

• Bitcoin’s price shows ‘no clear direction’ amid active address decline
• Bitcoin network hashrate reaches new all-time high
• Pro-XRP attorney John Deaton wins Republican US Senate primary
• Terraform wallet moves $62M BTC as Do Kwon remains in legal limbo
• Scammers have found a way to burn tokens from inside Solana wallets

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

The Bitcoin stagnation continues as many analysts believe the market is in a “wait and see” mode, with Bitcoiners holding their breath until the next market-moving event occurs — but one analyst believes he knows exactly what that event is. Outside of Bitcoin, the WazirX hacker moves $6.5 million in Ether to Tornado Cash, monthly NFT sales hit a yearly low in August, and a court hears about a terrifying but bizarre home invasion that led to the forced transfer of 23.5 BTC.

Further reading:

• Bitcoin $110K setup ‘still in play,’ but analysts warn of sub-$40K dip first
• Bitcoin headed for breakout or breakdown? Analysts weigh in
• WazirX hacker moves $6.5M in crypto to Tornado Cash
• Monthly NFT sales fall below $400M, marking yearly low
• Home invaders used machete, Toblerone to rob a man of his Bitcoin

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

A disappointing weekend for Bitcoin meant a disappointing monthly close as the market now enters a month sometimes ominously called “Rektember.” To start today’s episode, we deep dive into the analysis and predictions for the coming month, its troubled history, and why this year could be an exception. In somewhat Orwellian news, AI can now buy tokens from other AI “agents” on Coinbase, Telegram is becoming a “crypto firm with a sideline in messaging,” and who exactly is at risk from the US SEC putting NFTs in its crosshairs?

Further reading:

• A classic ‘Rektember?’ 5 Things to know in Bitcoin this week
• Coinbase sees first crypto transaction between AI agents
• Telegram financial statement shows it holds $400 million in crypto
• Why is the SEC going after digital art and monkey pictures?

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

It was another sideways 24 hours for Bitcoin. BlackRock’s spot Bitcoin ETF saw only its second day of net outflows since it launched on Jan. 10, Salvadoran President Nayib Bukele talked about his disappointment at the level of BTC adoption in El Salvador, and a solo Bitcoin miner bagged an almost $200,000 block reward with just 0.012% of the hashrate. Elsewhere, Telegram CEO Pavel Durov has been charged and released in France, Elon Musk and Tesla have succeeded in having a Dogecoin manipulation lawsuit thrown out, and millions of dollars have been lost to a fake memecoin posted by the hacked account of superstar footballer Kylian Mbappé. It’s a busy Friday, so grab yourself a coffee, and let’s get into it!

Further reading:

• BlackRock’s Bitcoin ETF registers second-ever outflow of $13.5M
• Solo miner wins $200K Bitcoin lottery with just 0.012% of hashrate
• ‘Bitcoin hasn’t had the widespread adoption we hoped for’ — Nayib Bukele
• Telegram CEO Pavel Durov charged and released, barred from leaving France
• Elon Musk, Tesla beat Dogecoin manipulation lawsuit
• Millions lost as Mbappé’s hacked account promotes $460M crypto scam

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

It’s another one of those days where Bitcoin’s price stagnation lures you into believing it’s been a quiet 24 hours in crypto — but don’t make that mistake! Popular NFT marketplace OpenSea has received a Wells notice from the SEC, indicating a potential enforcement action, a South Korean CEO on trial for his role in allegedly stealing over $800 million worth of crypto has been stabbed in court by a victim, Inferno Drainer usage sees a spike, and one analyst has highlighted an altcoin buy signal that hasn’t been this strong in over three years. For all of this and much more, carve out just 10 minutes from your day to get up-to-speed on all the latest crypto news.

Further reading:

• Bitcoin price at 11x S&P 500 signals BTC is ‘rolling over’ — Analyst
• Bitcoin Runes records 15.6M NFT transactions in 4 months
• OpenSea marketplace receives Wells notice from the SEC
• South Korean crypto CEO stabbed in court during Haru Invest fraud trial
• Inferno Drainer usage triples as crypto scams soar in 2024 
• Altcoins at ‘sell your house’ levels amid flashing buy signals, says trader

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

As always, it’s been another busy 24 hours in crypto. Bitcoin may have slipped back below $60,000 as it wrestles with the range it appears to be stuck in, but some interesting data suggests that long-term Bitcoin holders are on the rise. Staying on Bitcoin: miners have been suffering from slashed block rewards since April’s halving, but they may be able to cash in on AI to help boost their profits. Elsewhere, Ethereum whales may be indicating that the bottom is in as they go on a four-day buying spree, a new memecoin clogs up TON, causing a network outage, and did Binance seize Palestinian crypto funds?
Further reading:

• Long-term Bitcoin holder buys hit $10B mark as price slips below $60K
• Bet more on the Bitcoin miners cashing in on AI
• Ethereum whales buy big as ETH bottom approaches, analysts predict
• TON struck by outage, no new blocks produced in 3 hours
• TON is back online after block production outage triggered by DOGS
• Binance under scrutiny for seizing Palestinian crypto funds

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

Bitcoin’s price might have receded a little from $64,000, but there are plenty of reasons to be positive today. Firstly, the US-based spot Bitcoin ETFs have seen their biggest day of inflows in over a month, with back-to-back trading days north of $200 million in overall inflows. Secondly, one analyst is convinced that we’re about to enter “Bitcoin batshit season,” which sounds wild even if you’re not clear on what it means. Thirdly, Bitcoin millionaires, multimillionaires, and even billionaires have all surged in the past year, each indicating a changing approach to the asset. Elsewhere, the US SEC has charged two brothers over an outlandish crypto Ponzi scheme, PayPal’s PYUSD stablecoin hits a $1 billion market cap, and women see men in crypto as less attractive than stamp collectors — wait, what?

Further reading:

• BlackRock ETF sees biggest inflow in 35 days as Bitcoin weekly rally pauses
• Bitcoin poised for $150K ‘batshit season’ but sellers could dent rally
• Bitcoin millionaires surge 111% in a year amid crypto rally
• SEC charges siblings over $60M Ponzi touting crypto trading bot
• PayPal’s PYUSD stablecoin hits $1B market cap
• Men in crypto less attractive to women than cosplayers, anime buffs: Survey

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.