Daily Crypto News

This week in the cryptocurrency industry, Robinhood's expansion of staking options to European markets, particularly focusing on Solana, indicates a strategic move to engage with the growing interest in staking services abroad and provide users with new investment opportunities. Concurrently, the Ethereum network introduces Blast, a Layer 2 scaling solution, alongside details about its upcoming airdrop, aimed at driving user engagement and improving network performance. Solana's ecosystem sees further development with the introduction of Solayer, a re-staking protocol aimed at optimizing yields and enhancing the efficiency of staking practices on the platform, reflecting ongoing efforts within the Solana community to enhance functionality and user experience. Meanwhile, Chainalysis reports on Eastern and Central & Southern Asia shed light on different patterns and scales of crypto usage, with Eastern Asia maintaining its stronghold in the crypto market, characterized by high adoption rates and significant trading volumes. Today’s News👇 https://cointelegraph.com/news/robinhood-solana-staking-european-markets https://decrypt.co/230927/ethereum-layer-2-network-blast-reveals-airdrop-details?amp=1 https://blockworks.co/news/solana-restaking-protocol-solayer https://www.chainalysis.com/blog/eastern-asia-cryptocurrency-adoption/ https://www.chainalysis.com/blog/central-southern-asia-cryptocurrency-adoption/ Participate in DCN👇 https://substack.com/@dcndailycryptonews https://twitter.com/DCNDailyCrypto https://www.youtube.com/@DCNDailyCryptoNews Contact & Partnership inquiry👇 matt@dailycryptonews.net sarah@dailycryptonews.net —————————————————————— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

Alexey Pertsev, the developer behind the controversial Tornado Cash platform, has appealed his guilty verdict, highlighting ongoing debates surrounding cryptocurrency regulations and privacy. This case continues to draw significant attention as it touches on the broader implications of decentralized finance and government oversight. Meanwhile, the cryptocurrency market is poised for potential shifts as the Chicago Mercantile Exchange (CME) explores launching spot Bitcoin trading, aiming to compete with major crypto exchanges like Binance and Coinbase. This move could significantly impact the landscape of cryptocurrency trading by introducing a traditional financial player into the arena of direct crypto trading. In corporate news, OpenAI is facing a series of executive departures amid concerns over AI safety. These departures could signal challenges within the organization regarding the direction and management of ethical AI development, reflecting wider industry issues about the rapid advancement of AI technologies. Additionally, Oklahoma has enacted a new law that reinforces the right to self-custody Bitcoin, providing a regulatory boost to crypto miners and holders in the state. This law is a significant step towards embracing and formalizing the cryptocurrency sector within state legislations. Lastly, the situation of a Binance executive detained in Nigeria reaches 100 days, underscoring the complex and often precarious interactions between global cryptocurrency operations and local legal systems. This ongoing detention highlights the challenges that arise as global crypto entities navigate varied regulatory environments across different countries. ________ https://substack.com/@dcndailycryptonews News Links 👇 https://www.coindesk.com/policy/2024/05/16/tornado-cash-developer-alexey-pertsev-appeals-guilty-verdict/ https://decrypt.co/230945/open-ai-executive-departures-ai-safety https://decrypt.co/230962/bitcoin-self-custody-right-law-mining-oklahoma https://www.coindesk.com/markets/2024/05/16/cme-looks-to-take-on-binance-and-coinbase-could-launch-spot-bitcoin-trading-report/?_gl=1*1rwmxa7*_up*MQ..*_ga*ODI2OTIyNDA1LjE3MTU4NjE4MzU.*_ga_VM3STRYVN8*MTcxNTg2MTgzNC4xLjAuMTcxNTg2MTgzNC4wLjAuODgzNjMwMTIz https://www.dlnews.com/articles/people-culture/timeline-of-binance-exec-imprisonment-in-nigeria-at-100-days/ ——— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

This week in the cryptocurrency sector showcased a mix of market dynamics, meme coin phenomena, and investment product performance. Starting with a breach in security, the Cypher Protocol experienced an insider theft from an exploit redemption contract, highlighting ongoing security challenges within crypto operations. In the meme coin arena, the Roaring Kitty Solana-based token experienced a significant surge, partly influenced by its association with the GameStop trading frenzy, illustrating the continuing influence of social media and retail investors on niche cryptocurrency markets. ETF performance has also been noteworthy; Hong Kong's Bitcoin and Ether ETFs recorded $39 million in outflows, suggesting investor caution or profit-taking following recent market activities. However, broader market sentiments were somewhat positive as Bitcoin saw a 3.5% increase after U.S. consumer price data indicated a slowdown in inflation, which may ease concerns about aggressive monetary tightening. Adding to the enthusiasm in meme coins, Floki Inu also joined the rally, demonstrating the volatile and speculative nature of these assets. Additionally, new financial products are emerging in the Nordic countries, where investors now have the opportunity to invest in a Bitcoin ETP (Exchange Traded Product) that offers a yield, broadening the scope of crypto-based financial instruments available to European investors. These developments reflect the ongoing volatility, innovative expansion, and complex interplay of social dynamics and economic indicators driving the cryptocurrency market. ________ https://substack.com/@dcndailycryptonews News Links 👇 https://unchainedcrypto.com/cypher-protocol-insider-steals-from-exploit-redemption-contract/ https://decrypt.co/230658/roaring-kitty-solana-meme-coin-skyrockets-gamestop https://www.coindesk.com/markets/2024/05/13/hong-kong-bitcoin-and-ether-etfs-see-39m-outflows-on-monday-farside-investors/ https://decrypt.co/230755/bitcoin-up-3-5-as-us-data-shows-consumer-prices-slowed-their-climb-in-april https://decrypt.co/230801/floki-inu-roaring-kitty-meme-coin-rally https://decrypt.co/230766/you-can-invest-bitcoin-etp-earn-yield-nordic-countries https://decrypt.co/230773/bitcoin-and-ethereum-steady-ahead-of-u-s-consumer-prices-report ——— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

This week's discourse in the cryptocurrency realm is dominated by concerns over its misuse, regulatory challenges, and technological advancements. U.S. Senator Elizabeth Warren has raised concerns about cryptocurrency mining operations in Iran, asserting that they are being used to evade U.S. and international sanctions and potentially finance groups like Hamas. She advocates for immediate action to curb this threat to national security. This claim aligns with her ongoing scrutiny of the cryptocurrency sector's role in global financial systems. In technological developments, discussions are stirring around potential new narratives in the blockchain space, with speculations on infrastructure, real-world assets, and AI integration across different chains. MicroStrategy's 'Orange' decentralized identity system using Bitcoin has been highlighted, emphasizing efforts to leverage blockchain for enhanced security and identity verification. Regulatory interactions continue to shape the sector's landscape. Robinhood has received a Wells notice from the SEC, indicating potential enforcement actions, while the SEC has delayed its decision on the Invesco Galaxy Spot Ethereum ETF, reflecting ongoing caution in cryptocurrency ETF approvals. On a broader scale, financial services firm Franklin Templeton is exploring opportunities to extend its services to the Arbitrum network, signifying traditional financial institutions' increasing interest in DeFi platforms. These events collectively sketch a complex picture of the cryptocurrency industry, where regulatory, technological, and ethical considerations are deeply intertwined, impacting the trajectory of digital finance innovations and their global regulatory frameworks. Hosted on Acast. See acast.com/privacy for more information.

A comment made by Ripple's CEO on a podcast is getting a lot of attention. The comments seemed to be a jab at Tether, the issuer of the USDT stablecoin. Or maybe there just can’t be any smoke without fire? The proposal for FTX's restructuring, and redemption plan has been submitted. It's a huge plan, 163 pages long, and it doesn't look so promising. Let’s dig some shady details together. A new law is set to be submitted in Türkiye that aims to mitigate the risks associated with cryptocurrency trading and bring it in line with international standards, possibly removing it from the Financial Action Task Force's (FATF) 'gray list'. Is it the beginning of meme stock rally? Gamestop, AMC’s stock has risen 73%, 48% respectively on Monday with one meme on Twitter. We are truly in a strange time. Today’s News👇 https://cointelegraph.com/news/us-government-going-after-tether-ripple-ceo-claims https://www.dlnews.com/articles/regulation/the-wildest-details-from-the-ftx-bankruptcy-plan/ https://www.dailysabah.com/business/tech/bill-on-crypto-assets-set-to-be-presented-to-turkish-parliament https://www.dlnews.com/articles/markets/gamestop-rises-70-possibly-a-favorable-sign-for-crypto/ https://www.dlnews.com/articles/markets/gamestop-rises-70-possibly-a-favorable-sign-for-crypto/ https://twitter.com/TheRoaringKitty/status/1789807772542067105 Participate in DCN👇 https://substack.com/@dcndailycryptonews https://twitter.com/DCNDailyCrypto https://www.youtube.com/@DCNDailyCryptoNews Contact & Partnership inquiry👇 matt@dailycryptonews.net sarah@dailycryptonews.net —————————————————————— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

This week in the cryptocurrency sector, the focus is on regulatory responses, technological advancements, and significant enforcement actions. A slew of Ethereum ETF applications are currently awaiting SEC approval, reflecting a persistent demand for regulated investment vehicles in the crypto space. This interest in ETFs is part of a broader trend toward mainstream acceptance of digital assets. Meanwhile, Erik Voorhees, the founder of ShapeShift, has unveiled 'Venice AI' and 'Morpheus,' initiatives aimed at enhancing open-source development and interoperability within the blockchain ecosystem, which could lead to more robust and versatile blockchain applications. ________ https://substack.com/@dcndailycryptonews News Links 👇 https://decrypt.co/230228/ethereum-etfs-all-applications-awaiting-sec-approval https://decrypt.co/230281/venice-ai-shapeshift-founder-erik-voorhees-morpheus-open-source https://decrypt.co/230216/lightning-labs-stablecoins-on-bitcoin-blockchain-ceo https://decrypt.co/230437/sec-filing-hits-back-at-coinbase-power-grab-accusations https://www.coindesk.com/markets/2024/05/13/metaplanet-makes-bitcoin-a-reserve-asset-as-japans-debt-mountain-grows/?_gl=1*865sr0*_up*MQ..*_ga*MTcyNzM1MTQ2Mi4xNzE1NjA1Nzc1*_ga_VM3STRYVN8*MTcxNTYwNTc3NC4xLjAuMTcxNTYwNTc3NC4wLjAuMjA1NDA5MTc1NQ.. https://www.coindesk.com/policy/2024/05/13/chinese-police-bust-296m-illegal-crypto-based-currency-operation-report/?_gl=1*865sr0*_up*MQ..*_ga*MTcyNzM1MTQ2Mi4xNzE1NjA1Nzc1*_ga_VM3STRYVN8*MTcxNTYwNTc3NC4xLjAuMTcxNTYwNTc3NC4wLjAuMjA1NDA5MTc1NQ.. ——— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

The Ethereum Improvement Proposal EIP 7702 has been released, and it's known to make some improvements to the previous account abstraction. Let’s go through a breakdown with us. Next, Avitrum surpassed $150 billion in transaction volume on Uniswap. Is this good news for Avitrum? Investment firm Vaneck has created a meme coin index using six different meme coins, and while it's just for fun, it's worth trying out as an actual investment strategy. Coincheck, a popular Japanese cryptocurrency exchange, will be listed on the NASDAQ in the US this year. Is Hong Kong still Asia's crypto hub? A candid look at the city of two faces. Today’s News👇 https://www.theblock.co/post/293074/vitalik-buterin-proposes-eip-7702-aiming-to-refine-account-abstraction-on-ethereum https://twitter.com/decentrek/status/1788188707595403554?s=42&t=nORNeuiL34hfHo9eabAwZw https://www.theblock.co/post/292655/arbitrum-surpasses-150-billion-in-total-transaction-volume-on-uniswap https://news.bitcoin.com/vaneck-introduces-meme-coin-tracking-with-memecoin-index/ https://www.coindesk.com/business/2024/05/08/japanese-crypto-exchange-coincheck-sees-nasdaq-listing-completion-in-second-third-quarters/ https://www.dlnews.com/articles/people-culture/closed-otc-crypto-shops-defy-bitcoin-etf-hype-in-hong-kong/ Participate in DCN👇 https://substack.com/@dcndailycryptonews https://twitter.com/DCNDailyCrypto https://www.youtube.com/@DCNDailyCryptoNews Contact & Partnership inquiry👇 matt@dailycryptonews.net sarah@dailycryptonews.net —————————————————————— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

This week's developments in the cryptocurrency and artificial intelligence arenas highlight a series of engagements, controversies, and innovative uses impacting the sectors. Robinhood has proactively met with the SEC 16 times in a bid to foster transparency and compliance, as stated by their CEO. These meetings underline the complexities of navigating financial regulations for crypto-related services. In contrast, Binance faced criticism for dismissing an investigator who allegedly uncovered market manipulation by one of its clients, DWF Labs, which raises concerns about the integrity and oversight within cryptocurrency markets. On a more cultural note, AI has dramatically influenced the music industry by intensifying the rap feud between Drake and Kendrick Lamar, showcasing AI's growing role in creative content generation and its impact on the entertainment industry. Politically, former President Trump has reiterated his support for cryptocurrency at an NFT event, linking crypto advocacy to his political campaign and influencing meme coin markets. His explicit endorsement and subsequent appearance at a crypto event led to a surge in Trump and Biden-themed meme coin prices, indicating how political figures can sway market dynamics significantly. These events collectively paint a vivid picture of how technology, politics, and market governance are increasingly intertwined, influencing public perception and investment behaviors in the digital age. ________ https://substack.com/@dcndailycryptonews News Links 👇 https://decrypt.co/230035/robinhood-met-with-sec-16-times-in-good-faith-ceo https://www.coindesk.com/business/2024/05/09/binance-fired-investigator-who-uncovered-market-manipulation-at-client-dwf-labs-wsj/ https://decrypt.co/229948/how-ai-supercharged-drake-kendrick-lamar-rap-beef https://decrypt.co/230023/trump-supports-crypto-at-nft-event-boden-meme-coin https://www.cryptoglobe.com/latest/2024/05/if-youre-in-favor-of-crypto-youd-better-vote-for-trump-says-the-former-u-s-president/ https://decrypt.co/230029/trump-biden-meme-coin-prices-surge-after-ex-presidents-meeting-with-nft-holders ——— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

A significant development for former FTX users is that 98% of the creditors are set to receive about 118% of their claims, marking a notable step towards resolving the fallout from the FTX collapse. This payout is critical for restoring trust in the crypto exchange ecosystem. Meanwhile, the Japanese crypto exchange Coincheck has successfully completed its listing on Nasdaq, a move that highlights the growing integration of cryptocurrency businesses within mainstream financial markets and potentially opens up new avenues for investor engagement. In other news, the privacy-focused Monero exchange, LocalMonero, is winding down its operations, signaling the challenges facing platforms that emphasize anonymity, especially amidst increasing regulatory scrutiny. In the realm of political betting, odds on platforms like Polymarket are showing an interesting shift with Michelle Obama and RFK Jr. emerging as significant figures in the presidential race speculation, reflecting public interest in diverse political outcomes and their potential impact on markets including cryptocurrencies. Additionally, a resolution in the U.S. House could affect how crypto custodians are regulated, pointing to ongoing legislative efforts to define and stabilize the crypto custody sector. Lastly, a report by Standard Chartered speculates that a Trump victory over Biden could be favorable for Bitcoin, indicating how presidential elections might influence cryptocurrency valuations. These varied events underscore the interplay between regulatory actions, market developments, and political landscapes in shaping the dynamics of the cryptocurrency markets. ________ https://substack.com/@dcndailycryptonews News Links 👇 https://unchainedcrypto.com/98-of-ftx-creditors-to-receive-118-claims-payout/ https://www.coindesk.com/business/2024/05/08/japanese-crypto-exchange-coincheck-sees-nasdaq-listing-completion-in-second-third-quarters/ https://decrypt.co/229844/monero-exchange-localmonero-is-winding-down-its-operations https://decrypt.co/229803/michelle-obama-rfk-jr-presidential-win-odds-polymarket https://decrypt.co/229786/us-house-resolution-sec-bank-bulletin-crypto-custodians https://decrypt.co/229761/trump-defeating-biden-good-bitcoin-standard-chartered ——— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

While BTC’s slightly going up again, we are looking at some increase in the call options on Deribit. These traders are targetting bitcoin price to be $75,000, and even $100,000. What do you say? Robinhood, a leading US cryptocurrency investment firm, has now been targeted by the SEC. Robinhood expressed disappointment that this decision came after years of positive compliance cooperation with the SEC. Institutional investors tokenizing assets and using blockchain technology. We've heard it all before, and there's definitely interest, but why is it so hard to get to a public blockchain? Let's find out. ________ Today’s News👇 https://www.coindesk.com/markets/2024/05/07/bitcoin-rebound-has-crypto-options-traders-anticipating-100k https://thedefiant.io/news/regulation/robinhood-receives-wells-notice-from-sec https://blockworks.co/news/future-tokenization-permissioned-blockchains Participate in DCN👇 https://substack.com/@dcndailycryptonews https://twitter.com/DCNDailyCrypto https://www.youtube.com/@DCNDailyCryptoNews Contact & Partnership inquiry👇 matt@dailycryptonews.net sarah@dailycryptonews.net —————————————————————— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

Daily Bitcoin, Ethereum, & Crypto News! Hosted on Acast. See acast.com/privacy for more information.

Grayscale's Bitcoin ETF has seen inflows for the first time since its January debut, indicating a possible resurgence of investor interest in cryptocurrency as an investment vehicle. This shift could suggest a broader trend of returning confidence in the stability and potential of digital assets. On the regulatory front, a new report claims that less than 10% of stablecoin transaction volume originates from "real users," raising questions about the actual utility and market manipulation within the stablecoin segment, which might prompt closer scrutiny by regulators concerned about transparency and fair trading practices. Additionally, the Bitcoin network has reached a monumental benchmark, surpassing one billion transactions. This achievement not only underscores Bitcoin's robustness and enduring appeal but also highlights its significant role as a foundational technology in the cryptocurrency ecosystem. These developments collectively reflect the dynamic and evolving nature of the cryptocurrency market, characterized by investor re-engagement, regulatory challenges, and technological milestones that continue to shape the industry's landscape. ________ https://substack.com/@dcndailycryptonews News Links 👇 https://www.coindesk.com/business/2024/05/04/grayscales-bitcoin-etf-sees-inflow-for-first-time-since-january-debut/?_gl=1*a9tbjm*_up*MQ..*_ga*MTA0OTk5Mjk0Ni4xNzE1MDAwMjc5*_ga_VM3STRYVN8*MTcxNTAwMDI3OC4xLjAuMTcxNTAwMDI3OC4wLjAuMjEwMzkzOTU0Mw.. https://www.coindesk.com/policy/2024/05/06/less-than-10-of-stablecoin-transaction-volume-coming-from-real-users-report/ https://forkast.news/bitcoin-network-surpasses-1-billion-transactions/ ——— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

Concerns are rising in Hong Kong as China's cautious stance on cryptocurrencies casts a shadow over the enthusiasm for newly launched ETFs, potentially dampening investor sentiment in the region. In South Korea, Upbit has emerged as a dominant force not only locally but also globally, ranking among the top five cryptocurrency exchanges, which underscores its significant role in shaping the crypto trading landscape. Ripple is expanding its influence in Japan through a new partnership that integrates the XRP ledger (XRPL), highlighting its strategic efforts to enhance blockchain adoption across financial sectors in Asia. On the community front, Friend Tech has encountered substantial backlash amid the launch of its V2 and associated token issuance, facing criticism from users and stakeholders over execution and transparency issues. U.S. Senator Elizabeth Warren has raised concerns about Bitcoin mining in Iran, suggesting that it could potentially fund terrorism, thereby igniting a debate about the geopolitical implications of cryptocurrency use. These events collectively illustrate the complex web of challenges and opportunities within the cryptocurrency sector, influenced by geopolitical, economic, and social factors. ________ https://substack.com/@dcndailycryptonews News Links 👇 https://coingape.com/china-crypto-caution-casts-shadow-hong-kong-etf-enthusiasm/ https://cryptopotato.com/upbit-dominates-south-koreas-crypto-market-ranking-top-5-globally-report/?amp https://cryptopotato.com/ripple-reaches-further-into-japan-with-xrpl-in-latest-partnership/ https://decrypt.co/229273/friend-tech-community-in-uproar-amid-token-and-v2-launch https://decrypt.co/229189/elizabeth-warren-iran-bitcoin-mining-terrorism ——— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

MicroStrategy is pioneering the use of Orange, a decentralized identity framework, which may leverage Bitcoin's ordinals for inscriptions, showcasing a new application of blockchain technology for digital identity management. Senator Cynthia Lummis has openly criticized the Department of Justice's stance on crypto wallets, advocating for greater autonomy and less stringent regulations for cryptocurrency users. Market analysis from Glassnode indicates that Bitcoin might be experiencing a correction phase, commonly referred to as 'paper hands,' where investors sell off their holdings amid price dips. Standard Chartered has issued a forecast suggesting that Bitcoin's price could potentially fall to $50,000, indicating possible volatility ahead. ________ https://substack.com/@dcndailycryptonews News Links 👇 https://www.youtube.com/watch?v=67eetLooEQc&t=644 https://decrypt.co/229087/orange-decentralized-identity-ordinals-inscriptions-microstrategy https://decrypt.co/229020/bitcoin-senator-cynthia-lummis-blasts-doj-stance-crypto-wallets https://decrypt.co/229046/bitcoin-paper-hands-correction-glassnode https://decrypt.co/229039/bitcoin-could-fall-to-50000-standard-chartered https://insights.glassnode.com/the-week-onchain-week-18-2024/ ——— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

Binance founder Changpeng Zhao (CZ) has been sentenced for money laundering, marking a significant moment of legal reckoning in the cryptocurrency world. Following his sentencing, CZ has expressed a willingness to serve his time, reflecting on this experience as the beginning of a new chapter in his life. This scenario underscores the heightened scrutiny and legal actions targeting influential figures in the crypto industry. In another turn of legal and ethical concerns, SEC Chairman Gary Gensler faces accusations of lying to Congress about Ethereum, as highlighted by Congressman Patrick McHenry, intensifying the debate over transparency and accountability in financial regulation. Meanwhile, "Bitcoin Jesus" Roger Ver has been charged with a $50 million tax evasion, adding to the string of legal issues facing crypto pioneers. Additionally, the conversation around digital ethics extends to Capitol Hill, where artist FKA Twigs testified at a Senate hearing about the use and implications of AI-generated deepfakes and digital replicas, emphasizing the urgent need for legislative and ethical frameworks to manage these emerging technologies. ________ https://substack.com/@dcndailycryptonews News Links 👇 https://youtu.be/mdZt7ox1DDs?si=BTlnSEwcYN9xYd22 https://www.youtube.com/watch?v=-VGhVpk3nnM&t=1052s https://decrypt.co/228674/binance-founder-changpeng-zhao-sentence-money-laundering https://decrypt.co/228906/i-will-do-my-time-binance-founder-next-chapter-life-after-prison https://decrypt.co/228870/sec-gensler-lied-congress-ethereum-patrick-mchenry https://decrypt.co/228822/bitcoin-jesus-roger-ver-charged-50-million-tax-evasion https://decrypt.co/228907/fka-twigs-ai-deepfakes-digital-replicas-senate-hearing ——— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

Hong Kong's newly launched spot Bitcoin and Ethereum ETFs hit the market with an impressive debut, recording $11 million in volume, underscoring the region's growing role as a cryptocurrency hub. The crypto community is closely watching the sentencing of Binance founder Changpeng Zhao (CZ), who faces a significant prison term, highlighting the legal challenges and regulatory scrutiny facing crypto industry leaders. This legal situation comes as North Korea's Lazarus Group is reported to have laundered over $200 million in crypto, demonstrating sophisticated methods in cybercrime linked to state actors. On a more positive note, a solo Bitcoin miner successfully claimed a block reward of $218,000, a rare and newsworthy event given the usual dominance of large mining pools. However, Ethereum has experienced a dip to a weekly low amid ongoing uncertainty regarding its regulatory status with the SEC, reflecting the sensitive nature of crypto markets to regulatory news and sentiments. These developments paint a complex picture of the cryptocurrency landscape, filled with innovation, regulatory challenges, and significant market movements. ________ https://substack.com/@dcndailycryptonews https://www.udio.com News Links 👇 https://decrypt.co/228709/hong-kong-spot-bitcoin-and-ethereum-etfs-see-11-million-volume-in-debut https://www.cnbc.com/2024/04/30/binance-founder-cz-heads-to-sentencing-hearing-facing-years-in-prison.html https://unchainedcrypto.com/binance-founder-changpeng-zhaos-sentencing-on-tuesday-what-to-expect/ https://decrypt.co/228606/north-koreas-lazarus-group-laundered-200m-in-crypto-says-blockchain-sleuth-heres-how https://decrypt.co/228584/solo-bitcoin-miner-wins-block-reward-218000 https://decrypt.co/228713/ethereum-dips-to-weekly-low-amid-sec-uncertainty https://twitter.com/zachxbt/status/1784935501935390930 ——— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

This week in cryptocurrency and technology, there have been significant developments concerning regulatory preparations, product launches, and controversial statements. The European Union is gearing up to enforce the Markets in Crypto-Assets (MiCA) regulation, with member states actively preparing for the comprehensive oversight and standardization of digital assets. In the Southern Hemisphere, the Australian Securities Exchange (ASX) has welcomed a new Bitcoin ETF, broadening the investment landscape for cryptocurrency in the region. Looking ahead, the crypto community is bracing for May as major token unlocks are expected across platforms like Avalanche, Aptos, and Arbitrum, which could significantly influence market dynamics. In a contentious claim, U.S. Senator Elizabeth Warren has stated that cryptocurrencies are increasingly the payment method of choice for illegal activities such as child abuse material, sparking debate about the role of digital currencies in illicit transactions. On the innovation front, the launch of Friend Tech v2 and its associated airdrop of Friend tokens has generated considerable excitement, pointing to the ongoing enthusiasm in the crypto community for new tech and potential gains. Additionally, the emergence of an AI 'priest' offering digital spiritual guidance further illustrates the intersection of technology and traditional domains like religion. These developments showcase a week full of regulatory strides, market anticipation, and technological intersections, reflecting the fast-paced evolution of the cryptocurrency sector. ________ https://substack.com/@dcndailycryptonews https://www.udio.com News Links 👇 https://www.coindesk.com/policy/2024/04/29/heres-how-eu-nations-are-preparing-to-enforce-mica/ https://www.theblock.co/post/291329/asx-bitcoin-etf https://www.theblock.co/post/291313/may-preview-1-25-billion-pyth-unlock-leads-major-token-unlocks-from-avalanche-aptos-arbitrum-and-more https://decrypt.co/228317/elizabeth-warren-claims-crypto-is-the-payment-of-choice-for-child-abuse-material https://decrypt.co/228360/ai-priest-catholic-answers-father-justin https://twitter.com/crow_with_knife https://youtu.be/TeR_GUJ0Bpo?si=qz96HLtawOEbbjYh ——— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

This week in the cryptocurrency sector has been characterized by ambitious expansion plans, strategic acquisitions, and intensifying regulatory interactions. Marathon Digital, a prominent Bitcoin miner, has announced plans to double its hash rate in 2024, signaling continued growth and optimism in the mining industry despite regulatory and market challenges. In investment moves, Pantera Capital has acquired additional Solana tokens at a discount during the FTX bankruptcy auction, highlighting strategic investment opportunities emerging from the crypto market's volatility. On the financial services front, Stripe is expanding its operations to include stablecoin payments using USDC on Ethereum and Solana platforms, integrating more cryptocurrency options into mainstream payment systems. However, the industry faces regulatory hurdles, as illustrated by ConsenSys's lawsuit against the SEC, challenging the attempts to regulate Ethereum as a security, a case that could have significant implications for the broader blockchain ecosystem. Moreover, the FBI has issued warnings to Americans regarding the risks associated with using unregistered crypto money-transmitting services, reflecting growing concerns about the security and legality of informal crypto transactions. These developments underscore the dynamic interplay between expansion and regulation in the crypto industry, as companies navigate through opportunities and obstacles in an evolving market landscape. ________ https://substack.com/@dcndailycryptonews https://www.udio.com News Links 👇 https://www.theblock.co/post/291129/bitcoin-miner-marathon-digital-targets-its-hash-rate-to-double-in-2024 https://www.theblock.co/post/291098/pantera-acquires-additional-discounted-solana-tokens-in-ftx-bankruptcy-auction-report https://decrypt.co/228152/stripe-stablecoin-payments-usdc-ethereum-solana https://decrypt.co/228134/consensys-sues-sec-attempts-regulate-ethereum-security https://www.theblock.co/post/291009/fbi-warns-americans-against-using-unregistered-crypto-money-transmitting-services ——— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

This week in the cryptocurrency sector has been marked by anticipated legislative developments, significant personal statements from industry leaders, and notable investment trends. A stablecoin regulation bill is nearing readiness for presentation in the U.S. House, as stated by Democrat Maxine Waters, signaling a move towards more structured oversight in the digital currency space. In a poignant moment for the crypto community, former Binance CEO Changpeng Zhao has issued a formal apology alongside his sentencing, bolstered by 161 letters of support, underscoring the complex interplay of leadership and accountability in the crypto industry. On the economic front, a new report reveals that Bitcoin's inflation rate is now lower than that of gold, positioning Bitcoin as a potentially more stable store of value in the eyes of investors. In a unique intersection of finance and memorabilia, a notepad with "Buy Bitcoin" noted behind Janet Yellen has been auctioned for a staggering $1 million, highlighting the cultural impact and speculative interest surrounding Bitcoin. Meanwhile, the investment landscape sees a shift as Bitcoin ETFs experience $120 million in outflows, with BlackRock's iBit ETF ending its 71-day inflow streak, reflecting fluctuating investor confidence and market dynamics. These events collectively paint a vibrant picture of the ongoing evolution within the cryptocurrency market, characterized by regulatory steps, personal developments, and shifting economic indicators. ________ https://substack.com/@dcndailycryptonews https://www.udio.com News Links 👇 https://www.coindesk.com/policy/2024/04/25/stablecoin-bill-could-be-ready-for-the-us-house-soon-says-top-democrat-maxine-waters-bloomberg/ https://www.theblock.co/post/290650/former-binance-ceo-changpeng-zhao-apologizes-sentencing-161-letters-of-support https://decrypt.co/227940/bitcoins-inflation-rate-is-now-lower-than-gold-report https://decrypt.co/228037/buy-bitcoin-notepad-held-behind-janet-yellen-sells-for-1m https://decrypt.co/228027/bitcoin-etfs-see-120-million-outflows-blackrocks-ibit-ends-71-day-inflow-streak ——— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

In today’s episode, we check different sides of DeFi from Bitcoin to Terra. Since its launch on April 20, the Runes protocol has deployed over eight thousand tokens on the Bitcoin blockchain, featuring long, capitalized names to deter infringement. Lido, an Ethereum liquid staking service, has seen a significant decline with investors withdrawing $2.5 billion worth of Ether, reflecting broader shifts in the staking landscape. Meanwhile, the U.S. Securities and Exchange Commission seeks $5.3 billion in fines from Terraform Labs and co-founder Do Kwon for their role in the collapse of the Terra ecosystem, underscoring concerns about accountability in the cryptocurrency space. Today’s News👇 https://decrypt.co/227748/bitcoin-rune-name-rules-long-weird https://www.dlnews.com/articles/defi/why-investors-withdrew-2bn-in-ether-from-staking-giant-lido/ https://dune.com/hildobby/eth2-staking https://www.coindesk.com/policy/2024/04/23/do-kwon-terraform-labs-should-get-53b-fine-sec-tells-court/ Participate in DCN👇 https://substack.com/@dcndailycryptonews https://twitter.com/DCNDailyCrypto https://www.youtube.com/@DCNDailyCryptoNews Contact & Partnership inquiry👇 matt@dailycryptonews.net sarah@dailycryptonews.net —————————————————————— ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2023 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.