Rise’n’Crypto

While the news hasn’t been hugely positive since Friday’s episode, the weekend didn’t materialize as many thought it would. So, to get you setup for the week, we’ve got five things in Bitcoin you need to know, as well as some fascinating insights from a financial adviser on CNBC. In other news, the Ripple co-founder has endorsed US Vice President Kamala Harris for president, a new malware is stealing private keys from screenshots, and the terrifying story of the CEO of a crypto firm who was held at gunpoint with his family and forced to hand over company funds.Further reading:Arthur Hayes predicts Bitcoin rally after closing short positionIs crypto entering a bear market? — 5 Things to know in Bitcoin this weekBitcoin ‘could very well catch fire’ as next generation of investors matureRipple co-founder signs letter endorsing Harris for presidentNew Android malware steals private keys from screenshots and imagesCrypto firm’s CEO resigns after being robbed of company funds at gunpointRise’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: @CointelegraphCointelegraph’s website: cointelegraph.comThe 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.

There is a lot to catch you up on before the weekend, starting, as always, with Bitcoin. As the crypto market sentiment slips into “extreme fear,” Arthur Hayes, the co-founder of BitMEX, has predicted a brutal weekend that may see BTC drop below $50,000. Conversely, some Bitcoin traders believe the September blues will end early and surprise the bears. Then, we have a smorgasbord of stories for you, including Telegram’s Pavel Durov breaking his silence for the first time since his arrest, Coinbase leading the surge in spending on lobbying in the US, the crypto travel platform Travala integrating with Skyscanner, and Mastercard enabling crypto spending in non-custodial wallets through a new partnership.Further reading:Crypto in ‘extreme fear’ as Arthur Hayes tips ‘sub $50K’ Bitcoin weekendBitcoin traders brush off September blues, say closing price may ‘surprise the bears’Coinbase leads crypto lobby surge with 3,475% spending jump since 2017Crypto-native travel platform Travala integrates with Skyscanner for 2.2M hotelsPavel Durov breaks silence for first time since arrestMastercard enables non-custodial crypto spending in new partnershipRise’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: @CointelegraphCointelegraph’s website: cointelegraph.comThe 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.

Senator Elizabeth Warren, a U.S. Senator championing consumer protection, joins attorney John Deaton, a prominent crypto advocate. They dive into the CFTC's recent charges against Uniswap for illegal derivatives trading, highlighting a rift within the CFTC itself. The discussion also touches on Ripple's legal troubles and the potential implications of a newly upgraded hacking tool affecting blockchain technologies. The duo engages in a lively debate on the responsibilities of 'crypto billionaires' in today's market.

A rough day in the financial world means more disappointment for the Bitcoin price, but it did hit a different all-time high in network hashrate. That is, of course, a double-edged sword and several major miners could end up being loss-making as a result. Outside of Bitcoin, pro-crypto lawyer John Deaton has won the Massachusetts Republican Party US Senate primary to set up an election showdown with anti-crypto Senator Elizabeth Warren in November. In less positive news, scammers have found a way to burn tokens inside Solana wallets, and if you’re active in the space, you’ll want to be aware of it.Further reading:Bitcoin’s price shows ‘no clear direction’ amid active address declineBitcoin network hashrate reaches new all-time highPro-XRP attorney John Deaton wins Republican US Senate primaryTerraform wallet moves $62M BTC as Do Kwon remains in legal limboScammers have found a way to burn tokens from inside Solana walletsRise’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: @CointelegraphCointelegraph’s website: cointelegraph.comThe 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 Bitcoin stagnation continues as many analysts believe the market is in a “wait and see” mode, with Bitcoiners holding their breath until the next market-moving event occurs — but one analyst believes he knows exactly what that event is. Outside of Bitcoin, the WazirX hacker moves $6.5 million in Ether to Tornado Cash, monthly NFT sales hit a yearly low in August, and a court hears about a terrifying but bizarre home invasion that led to the forced transfer of 23.5 BTC.Further reading:Bitcoin $110K setup ‘still in play,’ but analysts warn of sub-$40K dip firstBitcoin headed for breakout or breakdown? Analysts weigh inWazirX hacker moves $6.5M in crypto to Tornado CashMonthly NFT sales fall below $400M, marking yearly lowHome invaders used machete, Toblerone to rob a man of his BitcoinRise’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: @CointelegraphCointelegraph’s website: cointelegraph.comThe 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.

A disappointing weekend for Bitcoin meant a disappointing monthly close as the market now enters a month sometimes ominously called “Rektember.” To start today’s episode, we deep dive into the analysis and predictions for the coming month, its troubled history, and why this year could be an exception. In somewhat Orwellian news, AI can now buy tokens from other AI “agents” on Coinbase, Telegram is becoming a “crypto firm with a sideline in messaging,” and who exactly is at risk from the US SEC putting NFTs in its crosshairs?Further reading:A classic ‘Rektember?’ 5 Things to know in Bitcoin this weekCoinbase sees first crypto transaction between AI agentsTelegram financial statement shows it holds $400 million in cryptoWhy is the SEC going after digital art and monkey pictures?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: @CointelegraphCointelegraph’s website: cointelegraph.comThe 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 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 $13.5MSolo miner wins $200K Bitcoin lottery with just 0.012% of hashrate‘Bitcoin hasn’t had the widespread adoption we hoped for’ — Nayib BukeleTelegram CEO Pavel Durov charged and released, barred from leaving FranceElon Musk, Tesla beat Dogecoin manipulation lawsuitMillions lost as Mbappé’s hacked account promotes $460M crypto scamRise’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: @CointelegraphCointelegraph’s website: cointelegraph.comThe 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’ — AnalystBitcoin Runes records 15.6M NFT transactions in 4 monthsOpenSea marketplace receives Wells notice from the SECSouth Korean crypto CEO stabbed in court during Haru Invest fraud trialInferno Drainer usage triples as crypto scams soar in 2024 Altcoins at ‘sell your house’ levels amid flashing buy signals, says traderRise’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: @CointelegraphCointelegraph’s website: cointelegraph.comThe 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 always, it’s been another busy 24 hours in crypto. Bitcoin may have slipped back below $60,000 as it wrestles with the range it appears to be stuck in, but some interesting data suggests that long-term Bitcoin holders are on the rise. Staying on Bitcoin: miners have been suffering from slashed block rewards since April’s halving, but they may be able to cash in on AI to help boost their profits. Elsewhere, Ethereum whales may be indicating that the bottom is in as they go on a four-day buying spree, a new memecoin clogs up TON, causing a network outage, and did Binance seize Palestinian crypto funds?Further reading:Long-term Bitcoin holder buys hit $10B mark as price slips below $60KBet more on the Bitcoin miners cashing in on AIEthereum whales buy big as ETH bottom approaches, analysts predictTON struck by outage, no new blocks produced in 3 hoursTON is back online after block production outage triggered by DOGSBinance under scrutiny for seizing Palestinian crypto fundsRise’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: @CointelegraphCointelegraph’s website: cointelegraph.comThe 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 might have receded a little from $64,000, but there are plenty of reasons to be positive today. Firstly, the US-based spot Bitcoin ETFs have seen their biggest day of inflows in over a month, with back-to-back trading days north of $200 million in overall inflows. Secondly, one analyst is convinced that we’re about to enter “Bitcoin batshit season,” which sounds wild even if you’re not clear on what it means. Thirdly, Bitcoin millionaires, multimillionaires, and even billionaires have all surged in the past year, each indicating a changing approach to the asset. Elsewhere, the US SEC has charged two brothers over an outlandish crypto Ponzi scheme, PayPal’s PYUSD stablecoin hits a $1 billion market cap, and women see men in crypto as less attractive than stamp collectors — wait, what?Further reading:BlackRock ETF sees biggest inflow in 35 days as Bitcoin weekly rally pausesBitcoin poised for $150K ‘batshit season’ but sellers could dent rallyBitcoin millionaires surge 111% in a year amid crypto rallySEC charges siblings over $60M Ponzi touting crypto trading botPayPal’s PYUSD stablecoin hits $1B market capMen in crypto less attractive to women than cosplayers, anime buffs: SurveyRise’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: @CointelegraphCointelegraph’s website: cointelegraph.comThe 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.