Rise’n’Crypto

Bitcoin had a strong weekend and weekly close, but all eyes were on Pavel Durov, the founder and CEO of Telegram, who was arrested by authorities in France. The details are still trickling in, but Durov reportedly faces numerous charges related to his operation of Telegram’s social messaging platform and content moderation on the app. Many people have taken this as a direct assault on freedom of speech, raising questions about the liability of a platform creator for the content shared on it. In other news, AI tokens have surged ahead of the Nvidia earnings call on Aug. 28, and Shiba Inu is launching its own DAO. So, grab yourself and coffee, and let’s get into it!

Further reading:

• BTC price dip gone by September? 5 things to know in Bitcoin this week
• Breaking: Telegram CEO Pavel Durov arrested in France
• Telegram founder Pavel Durov arrested — What we know so far
• Telegram issues official statement on Pavel Durov detention
• AI tokens surge ahead of ‘Super Bowl’ Nvidia earnings report
• Memecoin Shiba Inu unveils plans to launch DAO

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 is currently bouncing between the $60,000 support and $62,000 resistance levels as analysts warn that breaking through the 200-day moving average is essential to avoid BTC testing $50,000 again. However, while Bitcoin’s price is tame, its network transaction fees have been anything but — spiking nearly 938% on Aug. 22. Elsewhere in the crypto sector has been busy; former Binance CEO Changpeng Zhao has left prison 38 days before his expected release, but despite the rumors, he’s not free yet. Grayscale has launched an AVAX investment fund, 80% of hacked cryptocurrencies struggle to ever recover in price, and Tron makes a play for Solana’s memecoin crown.

Further reading:

• Bitcoin is holding $60K — Here’s why it’s important
• Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
• Bitcoin avg. transaction fee rises 937.7% in 24 hours
• Changpeng Zhao moved to custody of field office ahead of Sept release
• Grayscale launches investment fund for AVAX token
• Nearly 80% of hacked cryptocurrencies never recover in price — Immunefi
• Sun rises: Tron’s new memecoin deployer flips Pump.fun

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. 

Today’s episode delves into the latest regulatory and market shifts in the crypto and tech worlds. Binance steps up its game with 1,000 new hires focused on compliance, and California Senator Scott Wiener challenged OpenAI over its opposition to AI safety legislation. In other news, the US state of Wyoming has an ambitious plan to launch a state-backed stablecoin by early 2025, crypto firms are making waves in the 2024 US elections, and US-based spot Ether ETFs experienced a record-breaking outflow streak, raising concerns about investor sentiment. Finally, some more details have emerged about US Vice President Kamala Harris’ approach to the crypto industry if she wins November’s presidential election. So, grab yourself a coffee, and let’s get into it!

Further reading:

• Wyoming stablecoin may launch Q1 2025 — Governor Mark Gordon
• Crypto firms contributed 48% of all corporate political donations in 2024: Report
• Harris aide suggests VP will ‘support policies’ for crypto industry growth
• Spot Ethereum ETFs record longest outflow streak amid drying investments
• California senator slams OpenAI’s opposition to AI safety bill
• 20% of Binance’s new hires this year will be in compliance, says CEO
  
  

This episode of Rise’n’Crypto was brought to you by Cointelegraph and hosted by Savannah Fortis. You can follow Savannah on X

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 stagnation might be partly due to a sharp decline in demand since April, according to data from CryptoQuant. A large part of this comes from the US-based spot Bitcoin ETFs, which were gobbling up sats at an absurd pace after they launched on Jan. 11 but have since slowed their BTC purchases — and that might be a good thing. Elsewhere, Binance and its former CEO Changpeng Zhao face a class-action lawsuit, a whale loses $55 million, and Solana struggles with declining network activity while Base goes from strength to strength. So, grab yourself and coffee, and let’s get into it!

Further reading:

• Bitcoin demand sharply declining since April — CryptoQuant
• Spot Bitcoin ETFs maintain positive flows for 8 out of the last 10 days
• CZ and Binance face new lawsuit for alleged laundering of stolen crypto
• Crypto phishing attack drains $55M from whale’s wallet
• Solana price hits a wall at $150 as several headwinds intensify
• Base hits 4M active addresses amid ‘Onchain Summer’ campaign

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 is back above $60,000, and there is a lot of moaning about BTC price action being “boring,” but anyone who has spent 10 minutes in crypto will know that it’s typically short-lived, which is what several analysts are predicting. Is a break-out imminent? In other news, a mysterious whale has scooped up over $118 million in Wrapped Bitcoin amid the controversy surrounding the token, the US is looking at applying a fiat reporting mandate to crypto transfers, China has changed its AML regulations to include crypto, and is the tokenization of real-world assets (RWAs) a “$30 trillion opportunity?” Carve 10 minutes out of your day for all this and much more!

Further reading:

• Bitcoin analysts converge on a breakout in September — But is $86K possible?
• Unknown crypto whale has been scooping up WBTC amid controversy
• US mulls applying fiat reporting mandate on crypto transfers
• China supreme court revises Anti-Money Laundering law to include ‘virtual assets’
• Tokenized RWAs are ’a $30-trillion opportunity’ — Polygon exec
• Colorado church group tokenizes $2.5M chapel

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 might have been a “boring” weekend, but the indicators for Bitcoin are pulling in opposite directions. On the one hand, some analysts believe BTC may test as low as $50,000 as the US Marshalls look set to sell the seized Silk Road Bitcoin. On the other hand, investment adviser holdings in spot Bitcoin ETFs are on the rise and are not slowing down, with some believing the latest dip is a “fake-out.” Meanwhile, a debate is underway over whether the world’s largest sovereign wealth fund is increasingly exposing itself to Bitcoin on purpose or due to an algorithm, a man kidnapped two people in an effort to recover funds lost in the BitConnect Ponzi scheme, and should AI have access to crypto wallets?

Further reading:

• A return to $50K? 5 Things to know in Bitcoin this week
• Adviser holdings in Bitcoin ETFs rise, hedge fund stakes dip — Coinbase
• US Marshals likely selling Silk Road Bitcoin, says lawyer
• World’s largest sovereign wealth fund Bitcoin exposure not ‘intentional’
• Man allegedly tries to ‘recover’ losses from BitConnect, kidnapping two
• Coinbase CEO Brian Armstrong: AI ‘should have crypto wallets’

So, grab yourself a coffee, and let’s get into it!

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 behavior is “unusual,” according to recent data on open interest, which is rising despite the price falling. Furthermore, institutions have not rushed in to buy the dip this time, as they did earlier in August, so we could see BTC fall further unless weekend volatility wants to throw a spanner in the works once again. Elsewhere, EigenLayer’s total value locked surged 11% in a week, ZachXBT uncovers a network of North Korean devs making a fortune at crypto projects, and Sotheby’s starts to auction some blue chip art NFTs.

Further reading:

• Bitcoin has room to fall amid ‘unusual’ open interest — CoinGlass
• Institutions not so interested in Bitcoin at $58K, metric shows
• EigenLayer TVL hits $12.9B, climbs 11% in one week — IntoTheBlock
• ZachXBT claims 21 North Korea crypto devs are making $500K a month
• Sotheby’s to sell CryptoPunk and Beeple NFT at digital auction

So, grab yourself a coffee, and let’s get into it!

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. 

Yesterday was about as confusing as it gets for Bitcoin as the price climbed steadily in the $60,000 range. Then, the US Consumer Price Index report revealed unexpectedly positive figures, which should have helped boost the price of BTC. However, the opposite happened as Bitcoin dumped 5% courtesy of the US government moving 10,000 of its Silk Road Bitcoin stash. Elsewhere, Iran is offering a bounty to anyone who reports illegal crypto mining, many crypto influencers could get hit hard with a new US FTC rule banning fake likes and followers, and we look at why betting on memecoins on Pump.fun offers worse odds than playing roulette in a casino.

Further reading:

• BTC price suddenly drops 5% as Bitcoin rejects low CPI print
• US government moves 10,000 Bitcoin
• US gov’t Bitcoin sale ‘doesn’t affect anything’ as analyst blames bears
• Iran is giving $24 to anyone who reports illegal crypto miners
• Crypto influencers on notice after FTC bans fake likes and followers
• Memecoin casino: $100 bet on Pump.fun has worse odds than roulette

So, grab yourself a coffee, and let’s get into it.

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 has ventured back above $60,000, and it has sparked analysts back into life with positive price predictions for the rest of 2024 — one of which might shock you. In other news, according to recent data, the hodl mentality is alive and well with Bitcoin, as 45% of holders haven’t moved their BTC in over six months, and is Coinbase about to launch its own wrapped Bitcoin token after the controversy surronding WBTC? And that’s just the Bitcoin news — today’s episode also talks Kamala Harris, the FBI and Satoshi.

Further reading:

• 3 reasons why Bitcoin traders expect $100K+ BTC price by 2025
• 45% of Bitcoin supply has not moved in 6 months — Research
• Coinbase teases ‘cbBTC’ days after BitGo Wrapped Bitcoin controversy
• BitGo set to transition Wrapped Bitcoin business to multi-jurisdictional custody
• Kamala Harris may continue the Biden administration’s crypto crackdown
• FBI will ‘neither confirm nor deny’ the existence of Satoshi records

So, grab yourself a coffee, and let’s get into 

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 may have stagnated in the past 24 hours, but the broader crypto market has been busy! For Bitcoin, the downward momentum appears to be weakening, which some believe indicates a reversal. A new report shows why the weekends are becoming so volatile, and the world’s largest Bitcoin miner is raising $250 million to buy more BTC. In other news, an Ether whale is dumping thousands of ETH worth over $150 million after holding it since its ICO, a Canadian crypto exchange founder was found to be using customer deposits to gamble with, and a US Court of Appeal has reversed the dismissal of the HEX manipulation case against Binance.US.

Further reading:

• Why Bitcoin is still poised to break $74K before end of year
• Bitcoin risks ‘sharp weekend price swings’ as ETFs suck up liquidity
• World’s largest Bitcoin miner announces $250M raise to buy more Bitcoin
• Bitcoin miners record lowest daily revenue of 2024
• Whale continues $154M dumping spree with 5K ETH deposit to OKX
• Whale buys nearly $13M of Ether, but price needs to reclaim $2.7K for next leg up
• Canadian crypto exchange gambled away $9.5M of users’ Bitcoin and Ether
• US Court of Appeals reboots HEX manipulation case against Binance.US

So, grab yourself a coffee, and let’s get into.

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.