Rise’n’Crypto

Today’s episode dives into several major legal battles and market movements. Bitcoin has reclaimed the $62,000 mark, with analysts suggesting the worst may be over. Meanwhile, Binance faces a pivotal tax evasion trial in Nigeria, OpenAI is under scrutiny for allegedly illegal NDAs, and Tornado Cash developer Alexey Pertsev remains in detention while preparing an appeal. In a surprising twist, Trump-themed memecoins surge following an assassination attempt on the former president. Plus, a scammer unexpectedly returns $9.3 million to a phishing victim after 10 months. Stay tuned for all the latest updates in the world of crypto.

Further reading:

• Binance tax evasion verdict set for October
• Whistleblowers asked the SEC to investigate OpenAI over alleged illegal NDAs
• Tornado Cash developer Alexey Pertsev denied bail while preparing appeal
• Donald Trump memecoin spikes 52% following assassination attempt
• Trump reportedly 'in good spirits,’ will still attend Nashville BTC conference
• Scammer returns $9.3M DAI to victim 10 months after phishing them
• Bitcoin reclaims $62K, analysts say worst is ‘likely behind us’

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

This episode of Rise’n’Crypto is brought to you by Cointelegraph and is 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. 

It’s a legal-heavy episode today, but first, Bitcoin has rejected the $60,000 price level once again, pushing the Crypto Fear & Greed Index into “extreme fear” for the first time since January 2023. Nevertheless, with 90% odds of a September interest rate cut by the US Federal Reserve and stocks and gold reacting accordingly, it could be just a matter of time until BTC is back on the ascent. On the legal side of crypto, a US Supreme Court ruling could be a “game changer” for crypto, the SEC has dropped its action against Paxos and the Binance USD token, and Coinbase demands to see Gary Gensler’s private messages.

Further reading:

• Bitcoin index falls to ‘extreme fear’ as BTC fails twice to breach $60K
• German gov’t Bitcoin wallet drops to 5,800 BTC after major sale
• Bitcoin price struggles as investors expect Fed interest rate cuts — Why?
• Bitcoin price will hit $330K this bull cycle — Analyst
• Supreme Court ruling ‘changes the game’ for US crypto firms
• SEC will not pursue enforcement action against Paxos
• Judge has ‘strong views’ about Coinbase inquiry into Gensler’s private msgs

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. 

For the first time in a while, Bitcoin isn’t demanding the bulk of market attention, although today’s episode does start with some interesting analysis of how steady-handed the BTC hodlers are. In other news, market data paints a bullish picture for Ethereum, Goldman Sachs is launching at least three new tokenization products in 2024, the bankrupt Three Arrows Capital bought a $60,000 NFT in a bizarre oversight, and Inferno Drainer gets shot down by Railgun.

Further reading:

• Bitcoin speculators hodl 2.8M BTC in ‘worst performing’ price cycle
• Ethereum price data points to impending rally above $3.4K
• Goldman Sachs to launch 3 new tokenization products this year: Report
• 3AC-linked wallet bought NFT for $59K due to 3-year-old offer that wasn’t canceled
• Inferno Drainer fails attempt to launder ETH — ‘not welcome’ in Railgun

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 past 24-hours have been green for Bitcoin, yet most of the narratives are not favorable. As BTC’s price edges toward $60,000, the Crypto Fear & Greed index hits its lowest score since after the FTX collapse. Speaking of FTX, two former executives at the defunct exchange have been given their sentencing dates. In other news, the governor of the Bank of Italy has discussed upcoming crypto guidelines. He said Bitcoin and Ether have “no intrinsic value” and may be used for money laundering and terrorist financing. And to wrap up this busy episode, an Ether whale withdrew $50 million in ETH from Binance ahead of expected US-based spot ETF launches.

Further reading:

• Bitcoin sellers are trying to keep BTC price below $60K
• Crypto Fear & Greed Index hits lowest level since January 2023
• Sentencing for ex-FTX execs set for October, November
• Bank of Italy to release crypto guidelines in ‘coming days’ — Governor
• Whale transfers $50M in ETH amid ETF anticipation

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 continues its road to recovery despite the German government and Mt. Gox repayments, which are doing their best to add selling pressure to the BTC market. This was likely down to the US-based spot Bitcoin ETFs recording a cool $294.8 million in inflows on July 8, with all 11 funds back in the black. Elsewhere in the crypto world, Ethereum launched a $2 million “attackathon,” US Senator Cynthia Lummis has backed a surprising opponent of Senator Elizabeth Warren, Bybit lists the Hamster Kombat (HMSTR) token for pre-market trading, and Lionel Messi shills a memecoin.

Further reading:

• Bitcoin ETF investors buy the dip: Daily inflows hit $295M
• German gov’t transfers another $900M in Bitcoin, adding to BTC’s selling pressure
• Ethereum to launch first $2M protocol-wide ‘Attackathon’
• Cynthia Lummis backs Ian Cain over crypto lawyer John Deaton for Senate
• Bybit lists Hamster Kombat’s token for pre-market trading
• Lionel Messi promotes Solana memecoin on Instagram

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 we crawled toward the weekend, last week felt like it was 100 days long, and the only way was down. But then, things took a turn. The US-based spot Bitcoin ETFs recorded high inflows on Friday, July 5, and BTC jumped $5,000 over the weekend. What now? Well, there are arguments for both directions. In other news, social-engineering scams from fake Coinbase representatives led to $1.7 million being drained in a terrifying way, and the infamous Pink Drainer got a taste of its own medicine when it was hit with an address poisoning scam.

Further reading:

• BTC price risks ‘double top’ — 5 things to know in Bitcoin this week
• Spot Bitcoin ETFs see record inflows after July 4 dip
• Bitcoin mining difficulty hits lowest level since March as price tops $57K
• 5 bullish arguments that Bitcoin price just bottomed at $53K
• Coinbase-posing scammers steal $1.7M from a user amid a string of attacks
• Karma served: Pink Drainer gets hit with address poisoning scam

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 crypto market knew the day was coming when the Mt. Gox repayments would start, but it appears it was not priced in as Bitcoin plunged in price overnight, with the rest of the crypto market following suit. Some analysts predict the slide has a way to go yet, and long positions are getting liquidated en masse. The Crypto Fear and Greed Index has moved into deep “fear” territory, yet some of the most popular traders are seemingly unfazed. In fact, it’s not just the traders who are staying cool; Justin Sun has offered to buy all of the $2.3 billion of BTC the German government is offloading.

Further reading:

• Bitcoin drops below $54K as crypto liquidations near $665M
• Mt. Gox moves $2.7B in Bitcoin to new wallet address
• Mt. Gox begins repayments in Bitcoin and Bitcoin Cash
• Watch these Bitcoin price levels next as $52K supertrend risks failure
• Justin Sun offers to buy German gov’t’s $2.3B Bitcoin stack to minimize market impact
• Web3 users reached an all-time high of 10M in Q2: DappRadar

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 was another brutal 24 hours for Bitcoin as the price fell below $58,000 for the first time in two months and below the 200-day trendline for the first time in 10 months. This has raised several questions: Why is this happening? When will BTC’s price stop falling? How low can we go? Well, the trusted analysts have weighed in on all of those questions, and we have much more to get you up to speed on, including Dogwifhat’s Achi, who is set to hit peak fame in Vegas.

Further reading:

• Bitcoin falls below $58K on Coinbase, first time in 2 months
• What pushed Bitcoin price below $60K? Charts point at potential Mt. Gox repayment
• Bitcoin price loses its 200-day trendline for first time in 10 months
• ‘Buy the dip’ mentions on social platforms surge as Bitcoin stumbles
• Big Tech produced more carbon since 2019 than all Bitcoin mining ever
• UK voters call for candidates to consider crypto as election looms
• Dogwifhat on Vegas Sphere team ‘90% confident’ plan will go ahead

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 slipped and lost much of its late-June gains, but some analysts believe that might be just part of something bigger — that the Bitcoin price “cycle top” is already in. Elsewhere, Binance scored a legal victory against the SEC that could change the landscape of crypto in the U.S. forever, and an Ethereum Foundation email was hacked, sending out phishing emails to its subscribers over a fake LidoDAO partnership.

Further reading:

• 3 reasons why Bitcoin analysts think a BTC price ‘cycle top’ is in
• Judge signs off on expedited schedule for Consensys suit against SEC
• SEC vs. Binance: Court rules BNB sales, cryptocurrencies not securities
• Ethereum Foundation email hacked to promote Lido staking phishing scam

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 maintained its levels over the past 24 hours, and several key indicators suggest the market might be looking at the start of a rally. From falling sell pressure to consecutive days of spot Bitcoin ETF inflows, things are looking up. Elsewhere, crypto hacks dropped dramatically in June, NFT sales plummet as memecoins continue their ascent, and the Polkadot treasury report sparks a debate about sufficient runways.

Further reading:

• Bitcoin ETF inflows highest in a month as Bitcoin hovers near $63K
• Bitcoin hashrate drawdown dips to December 2022 levels
• Crypto ‘relief rally’ may be just beginning, with sellers exhausted
• Crypto hacks down by 54.2% in June, $176M lost in a month
• NFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2
• Polkadot’s $245M treasury doesn’t have a 2-year runway, despite community concerns

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.