With ETF approvals coming any day now, the market appears to be reacting positively as Bitcoin has handed $45,000 as soon as once more. SBF is being let off the hook by the US authorities for political donations (shocker) and crypto commercials are as soon as once more flooding the airwaves.
Jamie Dimon remains to be a turdbucket, AI makes its crypto predictions and we’ve bought a tremendous assortment of Dragon Bull NFTs which is able to quickly be given away to members of the Dangerous Crypto Nifty Membership.
Blissful New Yr 2024 to all from the Republic of Dangerous Cryptopia. It’s the Yr of the Dragon and we’ve bought dragon vitality right here to ship all the most recent information coupled with our meaningless commentary on this unhealthy information episode #707 of The Dangerous Crypto Podcast.
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Market Replace:
First Mover Americas: Bitcoin Tops $45K for First Time in 21 Months
- Bitcoin surpasses $45,000, spurring pre-market buying and selling features in associated corporations like Coinbase and MicroStrategy.
- Sei Community’s SEI token rises over 75% amidst the recognition of EVM-compliant blockchains and parallelization.
- Wall Road companies race to finalize bitcoin ETF paperwork forward of anticipated SEC approval.
Present Occasions:
Bitcoin Miners Offload $129M BTC in Day, Sending Reserves to the Lowest Level Since Could
- Miners Promote Off: Bitcoin miners offloaded $129M value of BTC in a day, bringing reserves to the bottom level since Could.
- Reserve Decline: Miner reserves now stand at 1.832 million BTC, indicating potential promoting stress as they transfer cash to exchanges.
- Upcoming Halving: Bitcoin is about to bear a halving in April, slashing miner rewards, which analysts predict could result in a provide shock and vital value adjustments.
Federal Prosecutors Drop Sam Bankman-Fried’s Second Trial
- Fees Dropped: U.S. prosecutors received’t pursue a second trial towards Sam Bankman-Fried (SBF) on extra costs past the seven fraud counts he was already convicted of in November.
- Plea Deal & Extra Fees: SBF confronted six extra costs in a separate trial, however prosecutors determined to drop these, citing proof overlap and the necessity to expedite case decision.
- Ongoing Authorized Implications: Regardless of the dropped costs, SBF just isn’t cleared of all allegations, significantly regarding illegal political contributions, and his firm FTX is contemplating authorized motion to recoup these funds. This example has considerably impacted his repute and the broader cryptocurrency business.
Related Tweets
The U.S. authorities is dropping six costs towards crypto scammer Sam Bankman-Fried
https://x.com/paulsperry_/standing/1741298583763128559?s=20
US Lawmakers Search to Hearth SEC Chair Gary Gensler in 2024
- Representatives Warren Davidson and Tom Emmer are pushing to take away SEC Chairman Gary Gensler, advocating for the SEC Stabilization Act.
- The SEC Stabilization Act goals to eradicate the Chairman’s function and introduce a sixth commissioner to forestall dominance by any single political social gathering.
- Davidson and Emmer criticize Gensler’s strategy to crypto regulation and Davidson opposes the Federal Reserve issuing a digital greenback, citing threats to western civilization.
Senate Ethics Committee Urged to Examine Senator Elizabeth Warren on Deceptive Crypto Statements
- Chamber of Digital Commerce CEO urges Senate Ethics Committee to research Senator Elizabeth Warren for deceptive statements about crypto’s AML points.
- The Digital Asset Anti-Cash Laundering Act, supported by Warren, is criticized as technically not possible and doubtlessly detrimental to the U.S. crypto house.
- A petition titled “Cease The Crypto Ban” has garnered over 10,000 signatures, emphasizing the group’s concern over the laws.
JPMorgan CEO’s Bitcoin Bashing Is a ‘Do as I Say, Not as I Do’ Scenario
- Jamie Dimon, CEO of JPMorgan, has persistently opposed cryptocurrencies however is now concerned in BlackRock’s proposed Bitcoin ETF.
- JPMorgan is about to play a vital function as a licensed participant if the ETF is accepted, guaranteeing correct ETF costs and clean buying and selling.
- This transfer highlights the monetary business’s tendency to prioritize revenue, typically overlooking earlier stances when profitable alternatives like Bitcoin come up.
Binance’s CZ Denied Permission to Journey by U.S. Decide for the Second Time
- A U.S. federal decide denied Binance CEO Changpeng “CZ” Zhao’s second request to journey overseas whereas awaiting sentencing for felony costs.
- Zhao’s plea to return to the UAE, the place his household resides, was rejected on account of considerations of him being a flight danger.
- Zhao is at the moment out on a $175 million bond after pleading responsible to violating the Financial institution Secrecy Act.
$80M misplaced in first hack of 2024
- Orbit Chain, a South Korean cross-chain bridging undertaking, misplaced over $80 million in property on account of a bridge hack involving non-public key compromise.
- The attacker gained entry to seven out of ten multisig signers, resulting in vital losses in numerous cryptocurrencies.
- The Orbit Chain workforce is partaking with legislation enforcement and has requested cryptocurrency exchanges to freeze the stolen property to mitigate the influence.
Web3 Watch: Crypto commercials are again
- Crypto advertisements are making a comeback with corporations like Bitwise and VanEck creating mobile-focused commercials amid a race for bitcoin ETFs.
- Solana Saga telephones are reselling for 1000’s, boosted by unclaimed BONK airdrops, regardless of combined evaluations about their efficiency and worth.
- The Avalanche Basis is about to buy Avalanche-based memecoins, whereas Bitcoin digital artwork gross sales quantity has surpassed Ethereum within the final 30 days.
AI NEWS
US Supreme Courtroom Chief Justice predicts AI will ‘considerably’ influence authorized work
- Chief Justice John Roberts predicts a big influence of AI on authorized work, significantly on the trial degree.
- Whereas AI can support within the simply, speedy, and cheap decision of instances, it requires cautious use to keep away from misinformation.
- Regardless of AI’s potential, Roberts emphasizes the irreplaceable function of human judgment and emotional cues within the authorized course of.
Synthetic intelligence predicts crypto in 2024
- AI predicts a brand new all-time excessive for Bitcoin round $120,000 in 2024, pushed by halving and potential ETF approval.
- The SEC’s approval of a spot Bitcoin ETF could come as early as 2024, injecting trillions into the crypto market.
- AI envisions key crypto developments: institutional funding development, decentralized identifiers, and AI cryptocurrencies.
Web3 or NFT Information:
NFT Market Replace
Early Mickey Mouse model turns into high NFT on OpenSea after copyright
Expires|
- Early Mickey Mouse NFTs turn into high trending on OpenSea after the unique model entered public area.
- Three “Steamboat Willie” associated collections hit high spots in buying and selling quantity, with one reaching $1.2 million.
- Disney asserts rights to trendy variations of Mickey Mouse stay protected regardless of the older model’s public area standing.
NFTs are the brand new cookies
- Web3 loyalty applications, utilizing NFTs as the brand new “cookies,” are the rising development in partaking shoppers and revamping model relationships.
- Progressive ideas like “invisible wallets” and dynamic NFTs are redefining tokenized loyalty, providing personalization and unique entry.
- The way forward for promoting knowledge lies in tokenizing client relationships, with manufacturers leveraging Web3 expertise for brand spanking new insights and connections.
