Rise’n’Crypto

Bitcoin’s price has been moving in the wrong direction since a brief spike after last week’s spot ETF approvals, so we look at what experts have to say about it and their forecasts for the near future. Meanwhile, a hacker tried to exploit $15 billion from XRP, and Michael Saylor is in a perpetual war with AI versions of himself.

Further reading:

• Will Bitcoin keep dropping as a result of the ETFs? The experts weigh in
• Bitcoin and gold had strong 2023s with an unexpected correlation
• Hacker tries to transfer $15B XRP and fails
• Michael Saylor is removing 80 deep fake scams per day

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. 

Gary Gensler’s post-approval announcement on the U.S. SEC’s website made it clear that neither he nor the SEC endorse crypto and associate it with criminality. So, when he had the chance to stop the spot Bitcoin ETF, why did he vote to approve? For that story and the latest on how the BTC ETF performed on its first day of trading, carve 10 minutes out of your day and tune in!

Further reading:

• Gary Gensler had the chance to stop the spot Bitcoin ETF but didn’t. Why?
• The SEC wants court to compel Ripple to produce financial statements
• Spot Bitcoin ETFs top $4.5B in total volume on first day of trading, but that’s not the full story
• Vanguard blocks the purchase of spot Bitcoin ETFs, sparking customer exits

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 marked a milestone on Bitcoin’s timeline with the U.S. SEC approving all 11 spot Bitcoin ETF applications from 14 asset managers. Trading is set to begin as early as today, so let’s walk you through what happened yesterday, why this decision is of monumental importance to Bitcoin, and what those opposing the applications had to say.

Further reading:

• The SEC approves the spot Bitcoin ETF applications (for real this time) — Why this is a monumental moment for crypto.
• SEC did not ‘approve or endorse Bitcoin’ with spot BTC ETF nod — Gary Gensler
• From Better Markets to Peter Schiff: The backlash over the spot Bitcoin ETF approvals
• Is there now a clear path to spot Ether ETFs?

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 looking like a quiet day ahead of the U.S. SEC’s anticipated Jan. 10 decision deadline for approving the first spot Bitcoin ETFs in the United States. That was until the SEC’s X account posted an official-looking announcement that the ETFs had been approved. A few minutes later, SEC Chair Gary Gensler posted from his X account, saying the SEC’s X account had been compromised and the announcement was fake. For a full low-down on this debacle, we’ve dedicated an entire episode to yesterday’s SEC whoopsie!

Further reading:

• Gary Gensler reports SEC X account ‘compromised’ — No spot Bitcoin ETF approval yet
• Bitcoin ETF’s false start: Hack or fat-fingered SEC intern?
• Lawyers, politicians call for investigation of SEC over Bitcoin ETF post
• Bitcoin ETF decision unlikely to be delayed due to SEC hack — Commentators
• SEC did not have 2FA enabled: X safety team on fake Bitcoin ETF post

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. 

All but one of the hopeful spot Bitcoin ETF applicants have filed their final amendments via SEC Form S-1s, revealing their fees. But where’s Hashdex? Tune in to find out why Hashdex didn’t submit an S-1 like other applicants. In other news, Core Scientific emerges from bankruptcy!

Further reading:

• Spot Bitcoin ETF issuers submit their final S-1s, revealing fees
• One spot Bitcoin ETF issuer doesn’t submit: What that might mean
• SEC Chair Gary Gensler fires off a thread on X about crypto
• Bitcoin mining firm Core Scientific returns to solvency

References:

• Gary Gensler's X thread on crypto

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. 

You might think that because we’re on the cusp of a decision on spot Bitcoin ETF applications by the U.S. SEC, there’s nothing else to talk about. But there is much more to discuss! This weekend also saw two fascinating Bitcoin mysteries emerge that await someone to solve them.

Further reading:

• Better Markets pens open letter to SEC to reject the spot Bitcoin ETF applications
• The SEC republishes its “NO GO to FOMO” campaign with curious timing
• Experts weigh in on whether funds could buy all BTC in circulation
• Mysterious Bitcoiner spends $64K to inscribe encrypted code
• An enormous deposit is made to Satoshi Nakamoto’s Bitcoin wallet

References:

• Lark Davis Tweet on Gold ETFs

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 anxiously await the U.S. SEC’s ruling on spot Bitcoin ETF applications, Bloomberg’s James Seyffart wonders if the regulatory agency has been “backed into a corner.” However, only 39% of financial advisers surveyed expect a positive outcome this month. A surge in calls to “buy the dip” may have helped Bitcoin rebound from its flash crash this week, but Arthur Hayes warns a far bigger correction could be coming down the pipeline!

Further reading:

• SEC has been ‘backed into a corner’ on BTC ETF approval — Bloomberg analyst
• Only 39% of financial advisers believe a Bitcoin ETF will be approved in 2024: Bitwise
• Surge in ‘buy the dip’ mentions highlights traders’ bullish crypto outlook
• March banking crisis rerun risks 40% Bitcoin price crash — Arthur Hayes

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. 

Even by crypto standards, yesterday was a chaotic day! Bitcoin crashed by nearly $4,000 in just two hours, and reports claimed the U.S. SEC might reject all spot Bitcoin ETF applications at the eleventh hour. If you tried to find out what was happening, you were met with conflicting information from multiple sources. So, we’ve worked through everything to give you a concise rundown of all the day’s events!

Further reading:

• Bitcoin plunges $3K in just 2 hours on 15th anniversary of genesis day
• Bitcoin ETF denial report did not cause 8% BTC price crash — Analysis
• ‘Likely rejection’ or smooth sailing? Experts weigh in on potential spot Bitcoin ETF
• Largest Solana drainer community has over 6K members — Chainalysis
• Crypto hack losses declined 51% in 2023: 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. 

The SEC’s spot Bitcoin ETF decision is looming, and the reactions are already happening left and right. Michael Saylor and MicroStrategy are vacuuming up every satoshi they can get their hands on, but Bloomberg’s ETF analyst warns there is still a chance, however unlikely, that the applications won’t be accepted.

Further reading:

• Grayscale’s latest spot Bitcoin ETF amendment omits the names of ‘authorized participants’
• We let AI predict crypto in 2024
• Disney’s copyright on Mickey Mouse precursor expires and becomes hit NFT collection
• Michael Saylor sells $216M of MicroStrategy stock to buy personal Bitcoin
• Analyst warns there is still a risk that spot Bitcoin ETFs will not be approved

References:

• Steamboat Willie viral NFT collection
• MicroStrategy buys 14,620 more Bitcoin

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. 

Happy New Year, folks! 2024 is poised to be one of the biggest years for Bitcoin and crypto at large, and today on the Rise ‘n’ Crypto podcast, we’re starting the year off with a bang — from suggestions of hypocrisy from the DOJ and JPMorgan to expert predictions of things to come in 2024 for crypto.

Further reading:

• Vitalik Buterin lays out Ethereum roadmap for 2024 and beyond
• Analyst points at options data to suggest ETF approval will not cause market rally
• SBF not receiving a second trial called a “miscarriage of justice”
• Bitcoin mining experts share their predictions for what will happen after the halving event
• JPMorgan CEO wanted crypto shut down, but it’s named as an AP in BlackRock’s spot Bitcoin ETF application

References:

• Vitalik Buterin Ethereum 2024 roadmap X thread

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.