Rise’n’Crypto

Bitcoin enjoyed a strong weekly close, and most analysts are feeling positive about the week ahead — and for good reason, with several bullish metrics on the charts. The bullish signs are not confined to Bitcoin either, with Solana having an unusual indicator after the success of the Phantom Wallet. However, despite the green charts, the conviction of a Tornado Cash developer sets a terrifying precedent for crypto, technology and developers.

Further reading:

• ETFs buy 3X new BTC supply — 5 Things to know in Bitcoin this week
• Tornado Cash verdict has chilling implications for crypto industry
• Phantom Wallet climbs Apple app store charts — Bullish sign for Solana?
• 5 of 7 on-chain indicators suggest the bull run is just beginning

References:

• ELI5 of TLDR thread on X

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 enjoyed a positive 24 hours, with a huge spike in volume for U.S.-based spot Bitcoin ETFs not seen since the cryptocurrency’s all-time high in March. However, BTC is consolidating, and analysts explain why the longer it goes on, the more fuel the rocket has when Bitcoin breaks out! Meanwhile, the U.S. Senate voted to squash the controversial SEC rule on banks interacting with crypto, but will President Joe Biden veto it? Carve just 15 minutes out of your day to get up to speed on all this and much more.

Further reading:

• Bitcoin ETF volumes hit 7-week high as BTC price nears $67K
• Bitcoin ‘could’ consolidate for ‘4 or 5 months,’ but big cup and handle looks promising — Analyst
• US Senate passes resolution overturning SEC crypto rule on banks
• Binance develops ‘antidote’ to address poisoning scams after $68M exploit
• Tether, TON team up with mobile app for USDT-to-fiat transactions

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 analysts called it: we got the U.S. Consumer Price Index volatility. Bitcoin’s price spiked, but many of the same analysts remain cautious about this price rise due to one overarching metric. Elsewhere, Mastercard launches a startup program for blockchain companies, and we speak to the CEO of one of the five companies selected. Chinese police busted a $1.9 billion USDT underground banking racket, and one trader turned $3,000 into $46 million!

Further reading:

• Bitcoin price taps $64.7K as US CPI shows core inflation at 3-year low
• Bitcoin analysis sees $74K next as BTC price tries to hold 7.5% gains
• Forget memecoins, Bitcoin is driving the bull run — NBX Warsaw
• Millennium Management discloses $2B in Bitcoin ETF holdings
• Mastercard launches ‘next generation’ of blockchain payments startup program
• Chinese police bust $1.9B USDT underground banking racket
• Crypto trader turns $3K into $46M in one month as PEPE price soars

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. 

Somehow, everybody missed something important in BlackRock’s spot Ether ETF filing that could indicate what the SEC is thinking ahead of its upcoming decision on whether to approve the products or not. Meanwhile, the Bitcoin hash rate drops as miners switch off older rigs, El Salvador uses a volcano for mining BTC, and the surge in new tokens being created is getting out of control. There’s a lot to cover today!Further reading:

• State of Wisconsin reports $164M investments in spot Bitcoin ETFs
• Bitcoin price shows strength as investors anticipate return of money printing
• Bitcoin hash rate dips as miners turn off unprofitable ASICs post-halving
• Galaxy Digital’s revenue soars with mining, fees at record levels
• El Salvador mines 474 Bitcoin using geothermal volcanic energy
• Filing suggests SEC is exploring grounds to deny spot Ether ETFs
• Over 1 million new crypto tokens have been launched since April
• Layer-3 network Degen Chain hasn’t produced a block in 53 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. 

The end of the crab-like movement of Bitcoin’s price might be on our doorstep, with analysts predicting the U.S. Consumer Price Index and Producer Price Index coming May 14 and 15 could have a dramatic impact. While most traders are quietly bullish based on the charts, anything unexpected in the U.S. macro data releases or said by Federal Reserve Chair Jerome Powell could knock BTC in either direction. Elsewhere, Tether’s CEO claps back at the Ripple CEO over the comments covered in yesterday’s episode, and memecoins caught a 24-hour rally, but what caused it?

Further reading:

• Bitcoin price shows strength as investors anticipate return of money printing
• Bitcoin bottomed at $56K? BTC price chart hints at breakout within days
• Japanese listed firm adds Bitcoin as reserve asset with 117 BTC
• Bitcoin miner Bitfarms CEO to depart immediately in response to lawsuit
• Tether discredits Ripple CEO comments over US scrutiny
• GameStop sparked the 2021 memecoin bull run — Will history repeat itself?
• Pepe hits all-time high, memecoins soar after famous GameStop stock trader ‘returns’

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 quiet weekend for Bitcoin, but those analysts in the know say it’s a display of strength, with BTC is establishing itself firmly above $60,000. So, what’s next and what do we need to be on the lookout for this week? Elsewhere, as we approach the U.S. SEC’s decision on whether to approve a spot Ether ETF, there is some movement that has left the ETF experts perplexed. The Ripple CEO says it’s ‘clear’ the U.S. government is going after Tether, and Runes protocol sees a massive drop-off in activity, but why?

Further reading:

• CPI meets $60K BTC price battle — 5 things to know in Bitcoin this week
• Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain
• ARK and 21Shares drop staking plans from Ethereum ETF proposal
• It’s ‘clear’ the US government is going after Tether — Ripple CEO
• Runes protocol sees significant decline in activity

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 is following the same patterns it has lately, so analysts are reporting the same things. With that, let’s turn our attention to all things altcoins. Analysts suggest that altcoins will hit their local bottom in the early summer, which could lay the foundations for altseason, but a few things need to happen first. In other news, Ethereum co-founder Joseph Lubin slams the U.S. SEC for stifling innovation and fearing DeFi’s impact on the traditional banking system, all while Ether turns inflationary again for the first time since 2022. Finally, memecoins aren’t just for degens, it would seem, as a VanEck subsidiary’s memecoin index outperforms the S&P 500 many times over.

Further reading:

• Altcoins will bottom in early summer before bull run — Analyst
• SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin
• Ether turns inflationary for the first time since Merge
• VanEck subsidiary’s memecoin index up 137% year-to-date

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. 

Former United States President Donald Trump hosted an NFT event at his home in Florida on May 8, which is a sentence I never thought I’d write. The event included a dinner and a Q&A, with the latter throwing up some fascinating takeaways. Meanwhile, a trader lost over $1 million of crypto due to a network hard fork the community didn’t vote on, creating some juicy drama. And, of course, we have taken a look at Bitcoin in the past 24 hours, and the analysis is equal parts bullish and bearish.

Further reading:

• Bitcoin mining difficulty risks biggest dip since 2022 as BTC price eyes $60K
• 3 trends to think about before Bitcoin's bull run resumes
• Trader loses 7-figure sum due to 0L Network hard fork
• 3 memorable moments from Donald Trump’s ‘Mugshot’ NFT event
• Between days in court, Donald Trump will meet crypto enthusiasts for NFT dinner

References:

• Former US President Trump no longer anti-Bitcoin, says can ‘live with it’

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 a heavy-hitter episode today, with the past 24-hours having seen some major stories in crypto, and there’s a lot of ground to cover. Bitcoin is a little stagnant, Grayscale has withdrawn its spot Ether ETF application, the CEO of Binance alleges that Nigerian officials proposed a massive, secret crypto settlement, and analysts suggest that XRP might just have hit its bottom against Bitcoin.

Further reading:

• Bitcoin exchange inflows drop to 10-year lows after $74K all-time highs
• BTC price clings to $62K as Bitcoin bulls suffer post-halving ‘boredom’
• Grayscale withdraws its Ethereum futures ETF application
• Traders rush to short Ether as Grayscale pulls its futures ETF plan
• Nigerian officials proposed secret crypto settlement, claims Binance CEO
• Did XRP price just bottom against Bitcoin?
• SEC files final response in Ripple XRP case

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 a mixed bag of good and bad in crypto today. On one hand, Bitcoin’s price has hit a new record high 200-day moving average, which acts as a strong indicator for the future, and Grayscale sees yet more inflows to its GBTC ETF. On the other hand, the SEC has handed Robinhood a Wells notice over its crypto business, and Bitcoin mining revenue has hit a yearly low. So, to get a complete picture of the industry over the past 24 hours, carve yourself out 15 minutes and tune in.

Further reading:

• Bitcoin ‘as strong as ever’ with record high 200-day moving average
• Bitcoin mining revenue hits post-halving yearly low
• Grayscale Bitcoin ETF takes the slow train to recoup $17.4B outflows
• Robinhood crypto business slapped with SEC Wells notice
• Jack Dorsey leaves board of decentralized social network Bluesky
• Memecoins sell-off as Bitcoin price takes the spotlight — Is meme season over? 

References:

• Biggest Friend.tech whale dumps tokens as users struggle to claim airdrop

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.