Rise’n’Crypto

What better way to start the week than with Bitcoin chasing down all-time highs? BTC has been on the ascent since last Wednesday, but it had a particularly strong weekend, propelled in part by the Bitcoin 2024 conference in Nashville, Tennessee. Former US President Donald Trump, Robert F. Kennedy Jr., Michael Saylor, Edward Snowden and other big names discussed the future of Bitcoin, and it’s hard not to absorb the positivity. Today’s episode covers all of the biggest talking points from the conference to ensure you’re in the know!

Further reading:

• Bitcoin pushes toward $70K — just 6% needed for new all-time high
• ‘Feels surreal’ — Bitcoin sticks to $68K as market ignores 200K BTC US election pledge
• Trump to end war on crypto if elected, says US will be ‘crypto capital of the planet’
• Trump pledges to fire SEC Chair Gary Gensler ‘on day one’ if reelected
• HK police arrest 4, including teen, in HK$11M crypto fraud

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 busy 24 hours in crypto, and it’s time for a daily debrief. Bitcoin — and most of the market — has rallied, but analysts are cautious but somewhat optimistic about what may come next. US-based spot Ether ETFs have another difficult day courtesy of meaty outflows from Grayscale’s converted ETF, which has now seen over $1.1 billion in exit it. The Bitcoin 2024 conference has gotten underway in Nashville, Tennessee, with politics taking center stage. Global asset management giant BlackRock is present at the conference, but not everyone is thrilled about it, and Elon Musk has removed the Bitcoin emoji from X, but it’s not the conspiracy you think it is!

Further reading:

• Bitcoin traders warn BTC price can still dip to $62K or ‘even lower’
• Direct client demand driving growth in BlackRock's Bitcoin ETF so far
• BlackRock foresees 'very little interest' in crypto ETFs beyond Bitcoin, Ethereum — Bitcoin 2024
• ETH ETFs launched in ‘weak market’ and could pressure Bitcoin — Analyst
• Ethereum Foundation wallet moves 92K ETH after 7 years
• Elon Musk’s X removes crypto emojis, leaving community puzzled

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 has been a rough 24 hours across the board in crypto, with Bitcoin dropping several percent and Ethereum taking an enormous, near-10% haircut. But why? Bitcoin has been on a sustained recovery rally for weeks, and with the launch of spot Ether ETFs in the United States, the news has been positive of late — so what’s going on? Today’s episode breaks down what the trusted analysts show, including an incredibly bullish narrative around Bitcoin. In other news, we’ll look at the performance of spot Ether ETFs yesterday and why the crypto-centric betting platform Polymarket has gone parabolic.

Further reading:

• Bitstamp will begin Mt. Gox creditor repayments on July 25
• Bitcoin dip under $65K is not ‘likely’ due to Mt. Gox sell-off
• Bitcoin whales go on ‘unprecedented’ $23B July buying spree — New data
• Spot Ethereum ETFs post $113M of outflows on second day of launch
• Ethereum ETF sell-off signals more trouble — 10x Research
• Polymarket clinches MoonPay payments partnership amid US election betting frenzy

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. 

With Bitcoin sitting comfortably around the $66,000 level, there’s more space to focus on Ethereum. Yesterday was the first trading day for the nine US-based spot Ether ETFs, and the results have surprised many. Net inflows might appear modest, particularly when compared with spot Bitcoin ETF flows on their first trading day, but it’s far more impressive than it looks. Elsewhere, Mark Cuban gives insight into Kamala Harris’s stance on crypto, Senator Cynthia Lummis fights the Biden administration’s proposed mining tax, and the dYdX v3 website is hit with a DNS attack.

Further reading:

• Bitcoin to spend ‘considerable time’ at $66K, HODLing could change that
• Spot Ethereum ETFs post $107M net inflows on first day
• Kamala Harris could be ‘far more open’ to crypto business, Mark Cuban says
• Senator Cynthia Lummis releases report attacking Biden’s mining tax
• dYdX v3 compromised in an apparent DNS attack
• dYdX v3 website recovers after DNS attack, users warned to delete cache

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 focus is on the launch of the spot Ether ETFs in the US, but Bitcoin cannot be ignored. Yesterday, US-based spot Bitcoin ETFs saw their best day of inflows since March, when the asset set new all-time highs. Debate is also raging around the levels of investment the new spot Ether ETFs will attract in the coming months. Will they mimic the success of the Bitcoin ETFs, or will it be “underwhelming,” as some predict? In other news, the WazirX exchange hack threatens to affect India’s crypto industry, and Asia’s first inverse Bitcoin ETF launches in Hong Kong.

Further reading:

• BlackRock Bitcoin ETF records biggest inflow day since March at $523M
• Bitcoin trader warns of local BTC price top after $530M ETF inflows
• Ethereum price will be ‘sensitive’ to ETF inflows in the coming days — Kaiko
• $235M WazirX exchange hack has implications for India’s crypto industry
• Hong Kong to launch Asia’s first inverse Bitcoin ETF

References:

• India, Nigeria, Thailand top Chainalysis’ 2023 Global Crypto Adoption Index

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. 

Quiet weekends do happen, but this weekend was anything but quiet. Firstly, Bitcoin has continued its two-week recovery rally, seeing a solid weekly close as it edges within 8% of its March all-time high. But, the weekend’s biggest story threatened to destabilize everything as US President Joe Biden announced his intention to drop out of the presidential race, which, given his anti-crypto stance, is significant for the industry. On top of this, since the last episode of Rise’n’Crypto on Friday, July 19, the launch date for US-based spot Ether ETFs was revealed — and it’s tomorrow, July 23!

Further reading:

• BTC price 8% off all-time high — 5 things to know in Bitcoin this week
• Bitcoin large sellers 'exhausted' as $67K price holds
• Bitcoin oversold after German gov’t sell-off — ARK Invest
• Joe Biden drops out of United States presidential race
• What we know about Kamala Harris’ views on crypto
• Gary Gensler will likely resign in 2025 after Biden exit — 10x Research
• Ethereum ETFs are coming — Here’s what you need to know
• Will UK Labour gov’t follow Germany’s example and liquidate 61,245 BTC?

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. 

As Bitcoin battles with the $65,000 resistance, held back in part by a slump in the stock market, analysts are making both bullish and bearish observations from the data. On the one hand, retail investors are nowhere to be seen but may be necessary for a “true” bull market. On the other hand, volatility has dipped to historic lows, which could indicate that extreme volatility is in the past. If I had a third hand, I’d say: What if those two observations are related? Elsewhere, we have more information on the devastating WazirX exchange hack and some theories on who might be behind it. Then, to cap the week off, we discuss whether a wearable cold wallet is a good idea or not — what do you think?

Further reading:

• Stock market slump trickles into today’s Bitcoin and altcoin correction
• Bitcoin ‘real bull run’ out of reach as retail demand metric hits 3-year low
• Bitcoin “crazy tight” Bollinger Bands point to $190K BTC price target
• Onchain analysts tie $235M Indian exchange exploit to North Korean hackers
• WazirX hacker funnels $149M of SHIB, MATIC, other altcoins into ETH
• Bitcoin self-custody comes to the masses with new ‘crypto ring’

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. 

While Bitcoin hasn’t seen much price action in the past 24 hours, there is no lack of other action. Markets data points toward an imminent breakout, the spot Bitcoin ETFs chalk up a ninth day of consecutive inflows, and Mark Cuban believes Bitcoin could become a global reserve asset. Elsewhere, presidential candidate Donald Trump causes cognitive dissonance in the crypto vote by hinting at Jamie Dimon for US Treasury if elected, Indian crypto exchange WazirX appears to have been hacked for $235M, and is it comeback season for NFTs? Have your say!
Further reading:

• Bitcoin price hits bull market trendline that last sparked 30% gains
• Spot Bitcoin ETF inflows surge, but BTC struggles to rally above $65K
• Mark Cuban speculates Bitcoin may become a global reserve asset
• Trump weighing Bitcoin hater Jamie Dimon for US Treasury
• Indian crypto exchange falls victim to $235M hack
• NFTs poised for comeback despite sales drop, say execs

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. 

The market is looking decidedly green this morning, and there are a number of bullish metrics for Bitcoin: Open interest is on the rise, BlackRock’s spot Bitcoin ETF pulls in a quarter of a billion dollars on a random Tuesday, and establishing a $65,000 support could propel BTC to a new all-time high. Elsewhere, Solana has its own bullish story unfolding, the Li.Fi protocol sees $10 million drained, and Craig Wright updates his website to include a disclaimer that states he is not Satoshi Nakamoto.

Further reading:

• Traders eye $71.5K Bitcoin price as open interest jumps 13%
• BlackRock's IBIT draws $260M as Bitcoin ETFs notch 8th day of inflows
• BTC price tags $66K — Can Bitcoin bulls beat out $100M of asks?
• Solana traders chase $180 target after SOL gains 13% in 2 days
• Li.Fi protocol attacked, $10M drained
• Craig Wright admits he’s not Satoshi, issues disclaimer on his website

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 continued its whiplash-inducing rally into the night last night, slowed only by Mt. Gox moving over 140K BTC, spooking onlookers. Nevertheless, in under a week, the Crypto Fear & Greed Index has rocketed from ‘Extreme Fear’ to ‘Greed,’  and it’s no wonder why; the spot Bitcoin ETFs have continued to see heavy inflows, BlackRock's CEO, Larry Fink, admits he was wrong about Bitcoin and that it is a ‘legitimate financial instrument,' and the spot Ether ETFs may begin trading next week. Then, after many false dawns, could the indicators really be pointing toward altseason at last, or is it more hopium?

Further reading:

• Bitcoin indicators flash ‘greed and FOMO’ as ETF inflows top $300M
• BTC price all-time high in July? 5 things to know in Bitcoin this week
• BTC price demands $63K flip as BlackRock CEO calls Bitcoin ‘legitimate’
• BlackRock’s Larry Fink says he was wrong, calls Bitcoin digital gold
• SEC requests final S-1 submissions for Ether ETF launch
• Tether hires Chainalysis’ chief economist for USDT usage reports
• Time for altseason? Analysts say altcoin market is near ‘momentum bottom’

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.