Rise’n’Crypto

Bitcoin’s strong recovery last week led some to believe it may have established itself above the $60,000 psychological level, but the weekend’s action put that to bed. The analysis appears to point at institutions and a change in their buying habits of stablecoins, though there are some indicators that it will be a short-lived dip. For example, the largest wealth manager in the US, Morgan Stanley, is allowing its 15,000 financial advisers to pitch spot Bitcoin ETFs, which should be a positive for the price of BTC. However, a former SEC official has called Morgan Stanley’s decision a “death wish.” Meanwhile, the defunct crypto exchange Celsius has filed a $3.5 billion lawsuit against stablecoin issuer Tether.

Further reading:

• Bitcoin price drops below $59K as institutions stop buying stablecoins
• Morgan Stanley’s Bitcoin ETF push a ‘death wish,’ says former SEC official
• Celsius sues Tether, seeking $3.5B over Bitcoin collateral sell-off
• Venezuela blocks Binance, X amid presidential election dispute

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. 

It’s been a very green 24 hours for the crypto market, led by Bitcoin, which data suggests has seen a spike in daily new addresses, hinting toward “renewed interest” from retail investors. However, BTC is also heading toward the ominously named “death cross,” which could be considered a bearish indicator if it wasn’t for how Bitcoin has historically reacted to that event. Meanwhile, Russia legalizes Bitcoin and cryptocurrency mining in an effort to reduce their reliance on the US dollar for international trading, Donald Trump Jr. is launching a DeFi platform to take on the banks, and Hamster Kombat aims to deliver the “largest airdrop in crypto history.”

Further reading:

• Bitcoin price must flip $62K to avoid worst ‘death cross’ consequences
• Bitcoin new addresses hint at ‘renewed interest’ from retail investors
• Donald Trump Jr. is launching a crypto platform to ‘take on’ the banks
• Russia legalizes Bitcoin and cryptocurrency mining
• Hamster Kombat teases new details about ‘largest airdrop in crypto history’

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. 

Today’s Bitcoin rundown is a little calmer, but that doesn’t mean it isn’t information-rich. The market now knows just how aggressively the whales bought the dip, how hard the crash hit the short-term holders of BTC, and that the largest wealth manager in the US, Morgan Stanley, will allow its advisers to pitch spot Bitcoin ETFs. Elsewhere, the SEC versus Ripple case may finally be drawing to a close as Judge Analisa Torres orders Ripple to pay $125 million — an amount seen as a victory by some, and not least in the market, as XRP pumped 26% in a matter of hours. Finally, Robinhood’s move to become a force in crypto is working, and it has the receipts to prove it.

Further reading:

• Bitcoin whale transactions hit highest level in 4 months amid crypto dip
• Bitcoin speculators sit on 93% unrealized losses after $365M ‘wipeout’
• Morgan Stanley advisers can officially pitch Bitcoin ETFs
• XRP rockets 26% as Ripple execs hail $125M penalty as ‘victory’
• Robinhood Q2 crypto revenue surges 161% on rising trading volume

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 been on a steady rise for a few days now, and the ship appears to be steadying — but for how long? Some analysts expect another decline into the low $40,000 range as traders hedge against it, while others point toward a spike in CEX inflows and hodler buying. Elsewhere, the SOL/ETH ratio hits a new all-time high amid the chaos, crypto PACs are throwing money at the upcoming US presidential election, and nearly every new token Binance has listed in 2024 is deep in the red — but why?

Further reading:

• Bitcoin needs ‘low $40,000s’ for best bull market entry — 10x Research
• Bitcoin volatility hits 20-month high, traders hedge against further slump
• Binance saw $1.2B of inflows in one of biggest trading days of 2024, says CEO
• ‘Something is happening’ — Bitcoin hodlers scooped $23B in the past 30 days
• Saylor says BTC strategic reserve is ‘Louisiana Purchase’ moment for US
• SOL/ETH ratio hits new all-time high amid market turmoil
• Crypto PACs invest $4M in candidates ahead of Aug. 6 primaries
• Nearly every token Binance listed in 2024 is now bleeding red — Coin98

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 as wild as many expected, but the crypto market nearly gave traders whiplash with how quickly it rebounded. So, in today’s episode, we go through one of the busiest 24 hours for the finance world and how it affected crypto, from rumors and accusations to cold, hard stats and analysis. It is a mixed bag of news today, and you’ll be pleased to know there are far more positives than in yesterday’s episode!

Further reading:

• Bitcoin falls to ‘extreme fear’ on Aug. 5 as $168M exits ETFs
• Crypto market crash triggered by ‘aggressive’ selling by Jump Trading: Report
• Bitcoin decline is similar to the start of the 2016 bull run — Peter Brandt
• Europe’s fourth largest hedge fund put nearly $500M in Bitcoin ETFs — Filing
• Cathie Wood’s ARK resumes Coinbase buying as BTC drops below $50K
• Justin Sun denies liquidation rumors amid market turmoil
• Robinhood suspends 24-hour trades for 8 hours

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. 

In over 180 episodes, this is by far the most unusual. In today’s episode, we break down the wreckage from the weekend as a new week kicks off with the worst Monday for financial markets since the global stock crash of 1987, known as Black Monday. As a result, crypto has plunged, wiping out over $500 billion from its market cap in just the past 24 hours. Hundreds of millions of dollars in leveraged longs have also been liquidated, and Bitcoin briefly dipped as low as $49,000. And yet, while the markets are scrambling both in and out of crypto, the Bitcoin whales are doing whale things.

Further reading:

• Bitcoin eyes $58K CME gap next as 8% BTC price rout sees longs ‘rekt’
• Bitcoin dominance hits 58% amid altcoin, stock market bloodbath
• Bitcoin dips below $50K: Crypto market crashes 17%
• Was Warren Buffett right? 5 Things to know in Bitcoin this week
• Crypto hackers buy Ethereum dip using stolen funds
• Bitcoin price loses $60K, but a maturing Wyckoff signal gives hope

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 been a difficult 24 hours for Bitcoin, with long positions wiped out left and right, getting August off to a rough but familiar start. Nevertheless, BTC miner Bitfarms is raking in 34% more Bitcoin since it began upgrading its fleet of mining rigs. Elsewhere, Crypto.com overtakes Coinbase in trading volume, Bybit halts operations in France, and one trader made $800,000 on a new Solana-based memecoin — but is there more to the story?

Further reading:

• Bitcoin long liquidations hit $300M as BTC price falls to $62K
• Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate
• Crypto.com surpasses Coinbase in trading volume as institutional demand grows
• Bybit exchange halts operations in France
• Trader makes $800K one hour after buying Solana memecoin for $8.5K

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 may have had a wobble, but the crypto news of the past 24 hours is wall-to-wall bullish as Senator Cynthia Lummis introduced an official Bitcoin Strategic Reserve bill in the US Senate, Tether reports record-breaking profits in the first half of 2024, and the Bitwise chief investment officer lays out why we all need to be more bullish about crypto. Elsewhere, there are three reasons why altseason is approaching, according to analysts and traders. You won’t want to miss this one.

Further reading:

• Bitcoin slips below $65K as Fed holds rates, hints at September cut
• Sen. Lummis introduces Bitcoin Strategic Reserve bill in Senate
• Tether reports record-breaking $5.2B profit in first half of 2024
• Bitwise exec says, ‘We’re not bullish enough,’ amid political sway to crypto
• ’Whales are preparing for the next altcoin rally’ — CryptoQuant founder

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 dipped as low as $65,000 in the past 24 hours, but traders and analysts are entirely unphased, as the mass Mt. Gox sell-off isn’t happening in any way, shape or form, with some believing BTC is primed for a breakout in the coming months. Elsewhere, the spot Ether ETFs flip to positive inflows for the first time since launching, the founder of BitCloud is charged with fraud by the SEC, and women in crypto earn 15% more on average than their male colleagues.

Further reading:

• Over 41.5% of Mt. Gox Bitcoin distributed as creditors continue to hodl
• Bitcoiners tip ‘September breakout’ but cast doubt on near-term $100K
• Spot Ethereum ETFs flip positive after $34M inflow on July 30
• SEC Charges BitClout founder Nader Al-Naji with fraud
• SEC likely still believes SOL is a security, say crypto execs
• Women in crypto earn 15% more than men: Pantera Capital 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. 

It’s a packed episode today! Bitcoin rejected $70,000 again, and the US government spooked the market by moving $2 billion worth of its seized BTC just two days after former President Donald Trump promised that, if elected, none would be sold. Elsewhere, the US SEC has backed down on claims that many major tokens like SOL, ADA and MATIC are securities in its case against Binance, the gaming blockchain Ronin hits two million daily active users, and Tron has surpassed Ethereum in daily revenue. Tune in for all of this and much more in today’s Rise’n’Crypto.

Further reading:

• Record $39.4B Bitcoin open interest suggests imminent price breakout
• BTC price dips 4.5% as US gov’t Bitcoin move raises new sell-off fears
• ‘Tone deaf’ — US moves $2B Silk Road BTC after Trump’s stockpile pledge
• SEC backs down on claiming SOL, ADA, MATIC, other tokens are securities in Binance suit
• 4 suspects forced a Bitcoiner to transfer BTC before killing him, police say
• Gaming blockchain Ronin records 2M daily active users: Token Terminal
• Tron surpasses Ethereum: $1.42M revenue in 24 hours

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.