Rise’n’Crypto

The weekend didn't offer too many surprises as Bitcoin's price continued the downward trajectory of the end of last week, but we now move into a massive week for crypto. One trader said the US presidential election could send BTC flying 10% in either direction, depending on how the voting goes, with Trump thought to be the bullish outcome. Elsewhere, crypto projects are set to unlock $2.6B worth of tokens this month, Bitcoin mining bans can be a net loss for the environment, and is the 'grand finale of altcoin reckoning' near?

Further reading:

• Bitcoin to move 10% ‘either direction’ depending on US election: Trader
• Trump dump: Crypto liquidations hit $350M as Bitcoin drops below $69K
• Crypto projects set to unlock $2.6B in tokens in November
• Bitcoin mining bans may lead to ‘unintended consequences’ for environment
• ‘Grand finale of altcoin reckoning’ soon, warns crypto trader

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 the 16th anniversary of the Bitcoin whitepaper and it was celebrated in true crypto fashion: wild price volatility. So, we'll go through what happened yesterday and why the market was spooked, we'll look at Bitget's Telegram Mini App wallet that attracted 6 million users in just three days, and a new person claiming to be Satoshi who has emerged and might be the most absurd one yet. So, carve out 10 minutes from your day and I'll catch you up.

Further reading:

• Bitcoin at 16: From experiment to trillion-dollar asset
• Donald Trump makes a last-minute appeal to crypto voters
• Bitcoin speculators send $4B to exchanges as BTC price loses $70K
• Bitget wallet on Telegram hits 6 million users 3 days after launch
• Latest ‘Satoshi’ reveal turns into a debacle: Meet Stephen Mollah

References:

• BBC Joe Tidy's X thread

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. 

I said yesterday that the spot Bitcoin ETFs in the US have gone parabolic, and they continued on that trajectory, surpassing 1M BTC held collectively, primarily courtesy of BlackRock, which achieved record inflows. This has worried some analysts though, as ETF FOMO has previously marked local tops. Elsewhere, the venture capital firm, Paradigm, released a public opinion poll that showed 5% of US voters see crypto as the decisive factor in who they vote for, and in a tight election, that could make all the difference. So, for all of this and much more, grab yourself a coffee and stick your headphones on for 10 minutes!

Further reading:

• Bitcoin investors pile $875M into BlackRock fund amid crypto rally
• BTC price risks new 'FOMO' top as Bitcoin ETF inflows near $1B daily
• 5% of US voters identify as single-issue crypto voters — Paradigm poll
• Ex-FTX exec sentenced to time served after guilty plea
• Paradigm October 2024 Public Opinion Poll

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 might not have seen a BTC/USD high at the time of recording, but Bitcoin all-time highs were set in various other currencies as things heat up. This heating up is seen clearly when looking at US spot Bitcoin ETFs, which are having a billboard week with a buying frenzy underway. However, some are already looking to take profits, and one whale doing that is Bhutan's government. Outside of Bitcoin, the FTX estate sues KuCoin over frozen funds, dYdX and Consensys make mass layoffs, and Visa and Coinbase partner for instant buying and selling of crypto with a debit card.

Further reading:

• BTC price sets 68K euro all-time high as Bitcoin bulls eye gold next
• 'FOMO confirmed' — BlackRock Bitcoin ETF clocks biggest trading day in 6 months
• Bhutan gov’t moves $66M of Bitcoin stash to Binance as price tops $71K
• FTX estate sues KuCoin to recover over $50M in assets
• dYdX lays off 35% of staff shortly after major Consensys cuts
• Visa and Coinbase partner for instant crypto buys with debit cards

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 seen Bitcoin pushing within a few percent of all-time highs set in March as analysts highlight just how bullish a setup we're seeing. Bitfinex analysts say we're in a "perfect storm." Outside of Bitcoin, Coinbase continues to rehabilitate crypto company sponsorships of sports with three new partnerships, the exchange's CEO wants the next SEC chair to apologize for damage done to the industry, and Solana flips Ethereum in daily fees as the network's growth continues.

Further reading:

• Bitcoin in bullish setup ahead of election: VanEck
• Bitcoin headed for ‘perfect storm’ to new all-time high — Bitfinex
• Bitcoin’s path to $80,000 fueled by bullish derivatives trends
• Coinbase to sponsor NBA team in aftermath of FTX collapse
• Coinbase CEO wants next SEC chair to apologize for ‘damage’ done
• Solana flips Ethereum in daily fees, surpasses $2.5M in 24 hours

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 had a bullish close for Bitcoin last week and now all eyes are on November, which is set to be a huge month for crypto with the US presidential election, a potential drop in US interest rates and Russia lifting its Bitcoin mining ban. Meanwhile, Coinbase launches its "Based Agent" to allow users to create their own AI agents with crypto wallets in just 3 minutes, FTX settles its lawsuit against the exchange Bybit and a professor explains why a Trump win is bad for memecoins. So, grab yourself a coffee and let's get caught up on all things crypto.

Further reading:

• Bitcoin ETFs could soon cross 1M BTC as traders expect November tailwinds
• 'Most bullish' weekly close — 5 Things to know in Bitcoin this week
• Coinbase introduces 'Based Agent' for creating AI agents in 3 minutes
• FTX settles lawsuit against Bybit exchange for $228 million
• Trump win, ‘regulatory sanity’ is bad news for memecoins: Professor

This episode is sponsored by Unlimit.

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. 

To end a busy week we have some huge stories this morning. Microsoft filed with the SEC, including a vote in December on investing in Bitcoin. The US government appeared to be moving assets from one of their crypto wallets that contained funds seized from the Bitfinex hack, but the movements suggest it is, in fact, a hack. Solana's native token hits a record high against Ethereum's, which — alongside other performance data — resurrects the debate over a "flippening." And finally, Polymarket has identified the whale who has $28M worth of positions backing Trump to win the US presidential election next month. So, grab yourself a coffee, and let's get into it!

Further reading:

• Microsoft shareholder proposes firm look into investing in Bitcoin
• US government crypto wallets hacked for $20M — Arkham Intelligence
• The real flippening? Solana price hits new record high against Ethereum
• Polymarket claims to have identified Trump whale

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 busy week! Firstly, Michael Saylor clarified those comments suggesting big banks should custody Bitcoin, offering the more reasonable take we suspected yesterday. Analysts and pundits debate the effects of a Trump election victory on the price of Bitcoin, with one recent projection being $92K. Despite the FUD, Tesla didn't sell any of its digital asset holdings. Denmark is considering a tax policy change that would tax unrealized gains and losses from crypto. Nigeria finally
drops the charges against a detained Binance executive. And finally, the Lazarus Group launched a fake NFT game that exploited a vulnerability in Google Chrome to steal wallet information!

Further reading:

• Bitcoin bull Michael Saylor reverses remarks on self-custody after backlash
• Trump election victory could push Bitcoin to $92K, says Bitwise exec
• Tesla reveals it didn’t sell any Bitcoin holdings in Q3
• Denmark Tax Council recommends bill to tax unrealized crypto gains
• Nigeria drops money laundering charges against Binance exec
• Lazarus Group exploited Chrome vulnerability with fake NFT game

This episode is sponsored by Unlimit.

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. 

Should big banks act as the custodian of your Bitcoin? Somewhat unexpectedly, the MicroStrategy executive chairman, Michael Saylor, said you should, which has — less unexpectedly — caused some backlash from cryptopians. Vitalik Buterin even called Saylor's comments "batshit insane." Elsewhere, Peter Todd said was forced into hiding after an HBO documentary said he invented Bitcoin, the SEC lists crypto as an examination priority, Binance loses market share in the battle of the exchanges and Buenos Aires rolls out blockchain-based IDs.

Further reading:

• Saylor’s comments on big bank BTC custody are ‘batshit insane’ — Buterin
• Bitcoiners slam Saylor for throwing weight behind ‘too big to fail’ banks
• Peter Todd forced into hiding after HBO doc claims he invented Bitcoin
• SEC lists crypto as an examination priority in 2025
• Binance, Crypto.com lose ground to rivals, DEX’s on the rise: Report
• Buenos Aires rolls out blockchain-based ID for 3.6M residents

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 saw a 3% correction yesterday as predictions that BTC would hit $62K or lower came rolling in, but not all were spooked. For example, investors in BlackRock's IBIT bought the dip to the tune of $329M in inflows and the latest data on retail demand suggests it may be mirroring the lead-up to March all-time highs. Elsewhere, Transak was hit with a data breach exposing sensitive information of 92K users and Minneapolis Federal Reserve President Neel Kashkari made more anti-crypto comments and was slammed as a result.

Further reading:

• Bitcoin drops 3% as US sellers spark sub-$65K BTC price targets
• BlackRock's IBIT investors throw $329M into ETF as Bitcoin dips 3%
• Bitcoin analysis sees 'lower risk aversion' as retail demand adds 13%
• Transak hit by data breach, 92K users exposed
• ‘Being this wrong should be illegal’ — Crypto pundits slam Fed’s Kashkari

This episode is sponsored by Unlimit.

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.