Daily Crypto News

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/@dcndailycryptonewsNews 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-operationshttps://decrypt.co/229803/michelle-obama-rfk-jr-presidential-win-odds-polymarkethttps://decrypt.co/229786/us-house-resolution-sec-bank-bulletin-crypto-custodianshttps://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-blockchainsParticipate in DCN👇https://substack.com/@dcndailycryptonewshttps://twitter.com/DCNDailyCryptohttps://www.youtube.com/@DCNDailyCryptoNewsContact & Partnership inquiry👇matt@dailycryptonews.netsarah@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/@dcndailycryptonewsNews 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/@dcndailycryptonewsNews 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-launchhttps://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/@dcndailycryptonewsNews Links 👇https://www.youtube.com/watch?v=67eetLooEQc&t=644https://decrypt.co/229087/orange-decentralized-identity-ordinals-inscriptions-microstrategyhttps://decrypt.co/229020/bitcoin-senator-cynthia-lummis-blasts-doj-stance-crypto-walletshttps://decrypt.co/229046/bitcoin-paper-hands-correction-glassnodehttps://decrypt.co/229039/bitcoin-could-fall-to-50000-standard-charteredhttps://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/@dcndailycryptonewsNews Links 👇https://youtu.be/mdZt7ox1DDs?si=BTlnSEwcYN9xYd22https://www.youtube.com/watch?v=-VGhVpk3nnM&t=1052shttps://decrypt.co/228674/binance-founder-changpeng-zhao-sentence-money-launderinghttps://decrypt.co/228906/i-will-do-my-time-binance-founder-next-chapter-life-after-prisonhttps://decrypt.co/228870/sec-gensler-lied-congress-ethereum-patrick-mchenryhttps://decrypt.co/228822/bitcoin-jesus-roger-ver-charged-50-million-tax-evasionhttps://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/@dcndailycryptonewshttps://www.udio.comNews Links 👇https://decrypt.co/228709/hong-kong-spot-bitcoin-and-ethereum-etfs-see-11-million-volume-in-debuthttps://www.cnbc.com/2024/04/30/binance-founder-cz-heads-to-sentencing-hearing-facing-years-in-prison.htmlhttps://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-howhttps://decrypt.co/228584/solo-bitcoin-miner-wins-block-reward-218000https://decrypt.co/228713/ethereum-dips-to-weekly-low-amid-sec-uncertaintyhttps://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/@dcndailycryptonewshttps://www.udio.comNews 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-etfhttps://www.theblock.co/post/291313/may-preview-1-25-billion-pyth-unlock-leads-major-token-unlocks-from-avalanche-aptos-arbitrum-and-morehttps://decrypt.co/228317/elizabeth-warren-claims-crypto-is-the-payment-of-choice-for-child-abuse-materialhttps://decrypt.co/228360/ai-priest-catholic-answers-father-justinhttps://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/@dcndailycryptonewshttps://www.udio.comNews Links 👇https://www.theblock.co/post/291129/bitcoin-miner-marathon-digital-targets-its-hash-rate-to-double-in-2024https://www.theblock.co/post/291098/pantera-acquires-additional-discounted-solana-tokens-in-ftx-bankruptcy-auction-reporthttps://decrypt.co/228152/stripe-stablecoin-payments-usdc-ethereum-solanahttps://decrypt.co/228134/consensys-sues-sec-attempts-regulate-ethereum-securityhttps://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.