Rise’n’Crypto – Details, episodes & analysis

It was another sideways 24 hours for Bitcoin. BlackRock’s spot Bitcoin ETF saw only its second day of net outflows since it launched on Jan. 10, Salvadoran President Nayib Bukele talked about his disappointment at the level of BTC adoption in El Salvador, and a solo Bitcoin miner bagged an almost $200,000 block reward with just 0.012% of the hashrate. Elsewhere, Telegram CEO Pavel Durov has been charged and released in France, Elon Musk and Tesla have succeeded in having a Dogecoin manipulation lawsuit thrown out, and millions of dollars have been lost to a fake memecoin posted by the hacked account of superstar footballer Kylian Mbappé. It’s a busy Friday, so grab yourself a coffee, and let’s get into it!

Further reading:

• BlackRock’s Bitcoin ETF registers second-ever outflow of $13.5M
• Solo miner wins $200K Bitcoin lottery with just 0.012% of hashrate
• ‘Bitcoin hasn’t had the widespread adoption we hoped for’ — Nayib Bukele
• Telegram CEO Pavel Durov charged and released, barred from leaving France
• Elon Musk, Tesla beat Dogecoin manipulation lawsuit
• Millions lost as Mbappé’s hacked account promotes $460M crypto scam

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 another one of those days where Bitcoin’s price stagnation lures you into believing it’s been a quiet 24 hours in crypto — but don’t make that mistake! Popular NFT marketplace OpenSea has received a Wells notice from the SEC, indicating a potential enforcement action, a South Korean CEO on trial for his role in allegedly stealing over $800 million worth of crypto has been stabbed in court by a victim, Inferno Drainer usage sees a spike, and one analyst has highlighted an altcoin buy signal that hasn’t been this strong in over three years. For all of this and much more, carve out just 10 minutes from your day to get up-to-speed on all the latest crypto news.

Further reading:

• Bitcoin price at 11x S&P 500 signals BTC is ‘rolling over’ — Analyst
• Bitcoin Runes records 15.6M NFT transactions in 4 months
• OpenSea marketplace receives Wells notice from the SEC
• South Korean crypto CEO stabbed in court during Haru Invest fraud trial
• Inferno Drainer usage triples as crypto scams soar in 2024 
• Altcoins at ‘sell your house’ levels amid flashing buy signals, says 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.

Bitcoin’s price behavior is “unusual,” according to recent data on open interest, which is rising despite the price falling. Furthermore, institutions have not rushed in to buy the dip this time, as they did earlier in August, so we could see BTC fall further unless weekend volatility wants to throw a spanner in the works once again. Elsewhere, EigenLayer’s total value locked surged 11% in a week, ZachXBT uncovers a network of North Korean devs making a fortune at crypto projects, and Sotheby’s starts to auction some blue chip art NFTs.

Further reading:

• Bitcoin has room to fall amid ‘unusual’ open interest — CoinGlass
• Institutions not so interested in Bitcoin at $58K, metric shows
• EigenLayer TVL hits $12.9B, climbs 11% in one week — IntoTheBlock
• ZachXBT claims 21 North Korea crypto devs are making $500K a month
• Sotheby’s to sell CryptoPunk and Beeple NFT at digital auction

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 price of Bitcoin may not have moved much in the past 24 hours, but many leveraged positions were liquidated as some traders warn that worse is yet to come. However, more investors are using BTC to hedge against the U.S. economy, which some analysts believe could mean the $70,000 price level is secured. Elsewhere in crypto, data suggests Ripple’s XRP token is gearing up for a bull run of its own, technical charts indicate a massive altseason could be imminent, and Worldcoin is seeing growing adoption as its community funds goat purchases for a Kenyan user.

Further reading:

• Bitcoin no longer in ‘easy mode’ — Expect a leverage wipeout, observers warn
• Bitcoin derivatives metrics suggest $70K is here to stay
• Why XRP price might jump 70% vs. BTC after the Bitcoin halving
• Technical charts suggest a roaring altseason may be just ahead: Analysts
• Worldcoin reaches 10M users, 70M transactions and at least 13 goats bought

Announcement:
Join the Rise'n'Crypto community channel on Warpcast for previews, extras, and conversations about all things 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.

In yesterday’s episode, we discussed some analysts’ predictions on what would happen if the Consumer Price Index showed high inflation. The CPI did show higher-than-expected inflation, so were the analysts correct on what happened next? You’re damn right they were. Elsewhere, the SEC issued a Wells notice to Uniswap, Coinbase integrates Apple Pay in the U.K., and memecoin trading volume appears to be crashing.

Further reading:

• Bitcoin price weakens after hot CPI print raises doubt on Fed rate cuts
• Bitcoin whales ‘buy the dip’ post-CPI as BTC price gains 3.6%
• Bitcoin bounces back as Grayscale ETF outflows hit new record low
• 90% of Bitcoin ETF inflows are still retail — VanEck CEO
• SEC issues Wells notice to DeFi protocol Uniswap
• Coinbase pushes for UK crypto adoption with Apple Pay integration
• 3 reasons why DOGE, WIF and other memecoins are crashing

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.

For the third time, Bitcoin bangs its head and drops below $70,000, raising questions about what happens next. Some analysts warn of a heavy correction, and some think a pod of whales lurk beneath the surface and are ready to scoop up sats should that happen, causing the price to bounce back. Elsewhere, CertiK warns of a “high risk” Telegram vulnerability, Solana developers plan a fix for the failed transactions problem, and U.S. Representative Patrick McHenry discusses digital asset legislation, hyping up Bitcoiners.

Further reading:

• Bitcoin spot volumes confirm crypto markets’ ‘euphoric’ phase — Glassnode
• Bitcoin analysis eyes CPI as whales ‘pressure’ BTC price below $69K
• ‘High-risk’ Telegram vulnerability exposes users to attacks — CertiK
• Solana devs target April 15 for failed TX fix — It’s ‘not a design flaw’
• Rep. McHenry hopes digital asset bill passage will be his ‘biggest win’

References

• Mert Mumtaz post on X about Solana implementation

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 past 24 hours have seen some major stories and analyses of the upcoming Bitcoin halving — which is a mere 10 days away — and the consequences of the quadrennial event. Some industry experts and analysts warn that the market may be sailing into choppy waters in the short term as traders approach the halving as a “sell the news” event, but ultimately, fortune will favor the patient. In other news, Charles Hoskinson defends Cardano as it comes under fire, and some damning analysis on memecoins might have you second guessing that moonshot.

Further reading:

• Plotting the path to $80K — 5 things to know in Bitcoin this week
• Bitcoin needs to hold above $80,000 to keep mining profitable post-halving
• Bitcoin's halving won't see a 600% return this year — so adjust your strategy
• Bitcoin halving could be a ‘sell-the-news’ event, at least for a few months
• BTC halving to fuel ‘raging firesale of crypto assets’ — Arthur Hayes
• Charles Hoskinson points to 2 major upgrades amid Cardano ‘dunking’
• 1 in 6 new Base memecoins are scams, 91% have vulnerabilities

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.

This weekend was “not typical,” according to one analyst, as they, and many others, weigh in on what it might mean. Some are looking at the unlikeliness of a major correction, while others are using Bollinger Band signals to suggest that if we follow past trends, we could see a price tag north of $140,000 by July. Surely not, right? Elsewhere, Coinbase has a major win in court regarding secondary crypto sales not being considered securities, Genesis buys $2.1 billion of BTC, and the Fantom CEO defends Solana over heavy criticism about failed transactions.Further reading:

• Bitcoin bulls nudge at $70K as BTC price sees 'not typical' weekend
• Bitcoin ‘pretty unlikely’ to revisit $50K price level, says analyst
• Bitcoin Bollinger Band signal suggests BTC could double by July
• Coinbase cleared in lawsuit over crypto transactions
• Genesis purchases $2.1B of Bitcoin following GBTC sell-off
• Paraguay’s proposed Bitcoin mining ban could cost it $200M a year
• Fantom CEO defends Solana amid network woes

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.

Binance is winding down support for Bitcoin Ordinals just a few months after introducing them to its marketplace. PayPal is set to allow United States users to fund global money transfers using U.S. dollars converted from its native stablecoin, PayPal USD. ARK Invest CEO Cathie Wood says Bitcoin’s growth in value is driven by its appeal as a hedge against devaluing fiat currencies. And the Solana network is struggling with transaction completion issues.

Further reading:

• Binance ends support for Bitcoin Ordinals
• PayPal opens PYUSD stablecoin to USD conversions for cross-border transfers
• Bitcoin is hedge against ‘horrible’ gov’t fiscal policy — Cathie Wood
• Solana struggles: Record 75% of users txs are failing... or are they?

References:

• CNBC interview with Cathie Wood

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.

Today’s episode starts with a big story as Ripple announces it will launch a U.S. dollar-backed stablecoin to rival Tether’s USDT and Circle’s USDC. Coinbase is one step closer to enabling Bitcoin Lightning payments, VanEck sees Ethereum layer 2s hitting a $1 trillion market cap by 2030, and Mike Novogratz’s Galaxy Digital is looking to raise $100 million to fund crypto startups — all that and more in today’s episode.

Further reading:

• Ripple set to launch stablecoin on XRP Ledger, Ethereum blockchains
• Ethereum layer 2s to hit $1T market cap by 2030: Van Eck
• SEC calls for comments on Fidelity, Grayscale and Bitwise spot Ether ETF applications
• Coinbase partners with Lightspark for Bitcoin Lightning payments
• Novogratz’s Galaxy Digital raising $100M to fund crypto startups: 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.