Rise’n’Crypto

Some weekends see a lot of crypto movement, but some see interesting stories unfold, and this weekend was the latter. As the dust settles from the spot Bitcoin ETF approvals, the cryptosphere turns its gaze to the upcoming halving, with some potentially worrying data emerging suggesting 11 of the biggest Bitcoin miners won’t be profitable after the block subsidy is sliced in half. Meanwhile, prosecutors in a legal case in Finland appear to have traced Monero transactions. And watch out for spot Bitcoin ETF adverts on Google, which may debut today!

Further reading:

• 11 Bitcoin miners may not mine profitably post halving — Tom Mitchelhill
• Tesla missed out on $300M profit after Bitcoin sales — Yashu Gola
• Finnish authorities traced Monero transactions tied to Vastaamo hack — Ana Paula Pereira
• Bitcoin ETF ads may appear on Google starting Monday, community speculates — Ciaran Lyons

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 saw some rather incredible headlines as the U.S. government announced it would sell $118 million of Bitcoin, and OneCoin’s lawyer was sentenced to 10 years in prison. But as is always the case in crypto, there is so much beneath each headline to unpack, often revealing that things are not always as they seem. So, today, we look at why the U.S. government’s BTC sale isn’t a big deal and why Bitwise’s complete wallet transparency is worrying!

Further reading:

• OneCoin lawyer sentenced to 10 years in prison — Turner Wright
• Bitwise Bitcoin ETF wallet attracts inscriptions and rare sats donations — Prashant Jha
• Why are Bitcoin Ordinal inscription tokens ORDI, SATS crashing? – Yashu Gola
• US govt’s planned $118M Bitcoin sale is ‘peanuts’ compared to GBTC — Jesse Coghlan

References:

• $3.4B of Bitcoin in a popcorn tin: The Silk Road hacker’s story - Elias Ahonen

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 most of the eyes nervously watch Grayscale dumping Bitcoin worth the GDP of a small nation every single day, you can be forgiven for missing the black hole for Bitcoin: the other 9 ETFs. In just 7 days of trading, the 'Newborn Nine' have squirreled 100,000 Bitcoin and they're nowhere near done. Meanwhile, the SEC has delayed the spot Ether ETF decision, so let's break down why that is and what it means, featuring our new 'Crypto Mom', SEC Commissioner Hester Peirce.

Further reading:

• 9 spot Bitcoin ETFs buy 100K BTC in 7 days after launch - Helen Partz
• SEC crypto enforcement actions under Gary Gensler reach 10-year high - Turner Wright
• CZ tried to pledge his entire Binance stake to leave the US in January - Jesse Coghlan
• SEC pushes decision on BlackRock’s spot Ethereum ETF to March - Brayden Lindrea
• Spot Ethereum ETFs won’t need a lawsuit to be approved — Crypto Mom - Brayden Lindrea

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. 

These are tumultuous times, with many narratives playing out. Knowing what is behind every price dip and spike can keep you well-equipped going forward, which is the objective of today’s episode. We’ll look at what JPMorgan analysts had to say about Coinbase stock and the initial spot Bitcoin ETF reaction, why Ethereum ETFs are apparently closer than we expected, and what exactly is causing Bitcoin’s volatility.

Further reading:

• JPMorgan downgrades Coinbase stock to ‘underweight’ following spot Bitcoin ETF approvals — Turner Wright
• An Ethereum ETF is coming sooner than you expect — Lucas Kiely
• Bitcoin price weakness results from larger macroeconomic concerns — Marcel Pechman
• Canada’s use of law freezing protesters’ crypto donations was unconstitutional — Martin Young

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 a rough day in crypto yesterday as Grayscale sold off another $600 million of Bitcoin, but now we know why. Armed with that information, there are far more positives than people might realize. Speaking of positives, Mt. Gox creditors may finally see some repayments, and we have three bull market narratives for 2024 you may not have heard of!

Further reading:

• Bitcoin price falls to 6-week low under $40K — Nancy Lubale
• BTC price analysis sees $38K next if Bitcoin fails to rally bulls — William Suberg
• Mt. Gox confirms creditors’ Bitcoin addresses for repayment: Report — Helen Partz
• US lawmakers press Meta over crypto and blockchain plans — Jesse Coghlan
• 3 bull market narratives for 2024 that you haven’t heard about yet — Lugui Tillier

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. 

Over the weekend, the cryptosphere was dominated by speculation around X (formerly Twitter) as a newly created Payments account appeared on the platform. Although it has been a long time coming, with Elon Musk regularly mentioning it, the rumor mill went nuclear off the back of speculation that crypto — particularly Dogecoin — could feature as a payment option on X. Meanwhile, a legal analyst gives Coinbase a 70% chance of defeating the U.S. SEC’s case against it, Trezor has a security breach, and options trading for spot Bitcoin ETFs may be on the horizon!

Further reading:

• X launches dedicated payments account, crypto community speculates — Ciaran Lyons
• Dogecoin hits 7-day high as ‘XPayments’ account gains 100K followers in a day — Jesse Coghlan
• Nasdaq, Cboe apply to offer BTC ETF options trading, receive fast response — Derek Andersen
• Trezor discloses 66K users affected by phishing attack — Ana Paula Pereira
• Coinbase has 70% chance of full dismissal in SEC lawsuit — Ciaran Lyons

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. 

We have a fascinating episode to cap your week off. One Bitcoin whale, who bought $5 billion worth of BTC in the last bull cycle, dumped the lot when Bitcoin hit $49,000 after the U.S. SEC approved spot Bitcoin ETFs. Did this spark a nosedive in BTC’s price that many attributed to “selling the news?” Meanwhile, spot Bitcoin ETFs are stacking sats, with over 10,000 Bitcoin purchased on day five of trading. And one trader sniped and bribed their way to $7 million of profit in under 3 hours!

Further reading:

• Did a $5B Bitcoin whale sale spark the post-ETF BTC price crash? — William Suberg
• Former OpenSea manager appeals conviction, claiming NFT info isn’t ‘property’ — Turner Wright
• Trader bribes way to $7M profit on SatoshiVM token launch — Prashant Jha
• Spot Bitcoin ETFs scoop up another 10,600 BTC on day 5 — Jesse Coghlan

References:
Lookonchain SAVM trade
Eric Balchunas spot Bitcoin ETF 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. 

Yesterday was an important day for crypto as Coinbase went head-to-head with the U.S. SEC in a New York courtroom. The case could prove seminal for crypto in the U.S., and Cointelegraph has you covered with all the latest developments. Meanwhile, Donald Trump slammed CBDCs, and a lucky memecoin trader became a millionaire!

Further reading:

• Coinbase argues stocks, Terraform Labs and Howey in 5-hour SEC face-off — Ana Paula Pereira
• Donald Trump vows to ‘never allow’ creation of a CBDC in the United States — Martin Young
• BTC price slips to $42.4K as JPMorgan CEO says Bitcoin ‘does nothing’ — William Suberg
• VanEck to delist Bitcoin Strategy ETF, citing performance and investor interest — Turner Wright
• Memecoin trader briefly becomes millionaire off throwaway Elon Musk X gag — Tom Mitchelhill

References:
Jamie Dimon CNBC interview
Ana Paula Pereira pre-trial article

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 whole week since the U.S. SEC approved spot Bitcoin ETF applications, and we have seen some staggering movement in all directions. Today’s episode covers the important stories around the ETFs, the Socket protocol exploit, the IRS rolling back its new crypto tax rule, and why one hedge fund co-founder believes a spot Ether ETF is unlikely “anytime soon.”

Further reading:

• Estimated $1.1B flees GBTC in 3 days as ARK begins buying own Bitcoin ETF — Brayden Lindrea
• Grayscale Bitcoin Trust ETF transfers another $376M in BTC as price stabilizes — Tom Blackstone
• Socket protocol loses $3.3M in confirmed approval exploit — Tom Blackstone
• IRS steps back crypto tax rules, exempting TXs over $10K from obligations — Brayden Lindrea
• Spot Ethereum ETF not coming ‘anytime soon,’ says Mark Yusko — Marco Castrovilli

References:
IRS crypto tax announcement
Eric Balchunas X post on spot Bitcoin ETFs vs. other ETFs
Cointelegraph interview with Mark Yusko on YouTube

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 2023, Bitcoin Ordinals drew the masses somewhat controversially, and now Avalanche has its own ASC-20 token standard in the early stages of virality. Meanwhile, a report from the United Nations put crypto on the firing line for crime in Southeast Asia and singled out Tether, which sparked an irritated response from the stablecoin issuer. Speaking of stablecoins, TrueUSD has depegged as users flock to alternatives.

Further reading:

• Avalanche inscriptions draw record user interest amid BRC-20 hype — Zhiyuan Sun
• UN implicates crypto in booming illicit economies of Southeast Asia — Derek Andersen
• Tether responds to UN report about ‘illicit activity’ of USDT — Helen Partz
• TrueUSD stablecoin depegs as holders dump $330M in TUSD — Tom Mitchelhill

References:
Gate.io guide to ASC-20 (Chinese)
Tether blog post challenging UN report

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.