Daily Crypto News

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/@dcndailycryptonewsNews Links 👇https://decrypt.co/230228/ethereum-etfs-all-applications-awaiting-sec-approvalhttps://decrypt.co/230281/venice-ai-shapeshift-founder-erik-voorhees-morpheus-open-sourcehttps://decrypt.co/230216/lightning-labs-stablecoins-on-bitcoin-blockchain-ceohttps://decrypt.co/230437/sec-filing-hits-back-at-coinbase-power-grab-accusationshttps://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

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/@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 2023 Matthew Aaron Podcasts LLC

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/@dcndailycryptonewsNews Links 👇https://decrypt.co/230035/robinhood-met-with-sec-16-times-in-good-faith-ceohttps://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-beefhttps://decrypt.co/230023/trump-supports-crypto-at-nft-event-boden-meme-coinhttps://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

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

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

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

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

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