Rise’n’Crypto

A strong weekend for Bitcoin has led to one of the best weekly closes in months as BTC hit $69,500 in the past 24 hours. Naturally, all eyes move to $70K as the analysts look at where resistance lies and whether we will see another correction before Bitcoin can soar. Curiously, while the price edges toward the March all-time high, retail interest is around the lowest it has been in four years, according to Google Trends data. Elsewhere, Tether's market cap hit a record of over $120B, which is typically a positive sign, Stripe is said to have acquired crypto firm Bridge, a crypto influencer is caught out in a lie, and apparently, most memecoins Andrew Tate has mentioned have crashed to zero. It's a busy episode this morning!
Further reading:

• Lowest search interest since 2020 — 5 things to know in Bitcoin this week
• Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal
• TechCrunch founder says Stripe has acquired Bridge for $1.1B
• Popular crypto influencer Jaypeg accused of promotional scam
• Most Andrew Tate-endorsed memecoins crashed to zero

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.

We might not have seen a BTC/USD high at the time of recording, but Bitcoin all-time highs were set in various other currencies as things heat up. This heating up is seen clearly when looking at US spot Bitcoin ETFs, which are having a billboard week with a buying frenzy underway. However, some are already looking to take profits, and one whale doing that is Bhutan's government. Outside of Bitcoin, the FTX estate sues KuCoin over frozen funds, dYdX and Consensys make mass layoffs, and Visa and Coinbase partner for instant buying and selling of crypto with a debit card.
Further reading:

• BTC price sets 68K euro all-time high as Bitcoin bulls eye gold next
• 'FOMO confirmed' — BlackRock Bitcoin ETF clocks biggest trading day in 6 months
• Bhutan gov’t moves $66M of Bitcoin stash to Binance as price tops $71K
• FTX estate sues KuCoin to recover over $50M in assets
• dYdX lays off 35% of staff shortly after major Consensys cuts
• Visa and Coinbase partner for instant crypto buys with debit cards

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 had another fairly quiet day while retaining its six-figure price tag, but there is plenty to discuss besides price. Perhaps most interesting is a thread by the Bitcoin environmentalist, Daniel Batten, who claims he found "patient zero" for Bitcoin environmental impact misinformation. Then, we're going to look at Coinbase delisting Tether's USDT stablecoin in Europe, an early Bitcoin investor going to jail over unreported crypto gains, and Solana taking the crown for the top ecosystem by the number of new developers.
Further reading:

• Bitcoin analysis: Start selling BTC when this key metric hits 4%
• ‘Patient zero’ of Bitcoin gaslighting was Digiconomist in 2018: ESG analyst
• Coinbase prepares to delist Tether’s USDT stablecoin in Europe
• Early Bitcoin investor jailed for unreported crypto gains in $4M BTC sale
• Solana overthrows Ethereum’s 8-year reign as top ecosystem for new devs

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 crypto market knew the day was coming when the Mt. Gox repayments would start, but it appears it was not priced in as Bitcoin plunged in price overnight, with the rest of the crypto market following suit. Some analysts predict the slide has a way to go yet, and long positions are getting liquidated en masse. The Crypto Fear and Greed Index has moved into deep “fear” territory, yet some of the most popular traders are seemingly unfazed. In fact, it’s not just the traders who are staying cool; Justin Sun has offered to buy all of the $2.3 billion of BTC the German government is offloading.
Further reading:

• Bitcoin drops below $54K as crypto liquidations near $665M
• Mt. Gox moves $2.7B in Bitcoin to new wallet address
• Mt. Gox begins repayments in Bitcoin and Bitcoin Cash
• Watch these Bitcoin price levels next as $52K supertrend risks failure
• Justin Sun offers to buy German gov’t’s $2.3B Bitcoin stack to minimize market impact
• Web3 users reached an all-time high of 10M in Q2: DappRadar

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.

It was a placid weekend for Bitcoin and most of crypto until yesterday afternoon, when there was a sudden spike in volatility caused by the viral Chinese AI app DeepSeek. This impacted stock futures and, in a growing correlation, BTC, which fell 5% in 24 hours to below $100,000. Nevertheless, most prominent traders aren’t concerned. Then, outside of Bitcoin, one debate stole the conversation this weekend: a report that Elon Musk is looking at utilizing blockchain technology to track and reduce government spending in the US. Could this move for transparency and accountability be a step forward? Alongside this discussion was a conversation around Coinbase’s token listing practices, with the exchange’s CEO pointing out that over 1 million new tokens are created every week. However, Tron’s Justin Sun believes the problems run deeper at Coinbase.
Further reading:

• DeepSeek rout costs bulls $100K — 5 things to know in Bitcoin this week
• Why is the crypto market down today?
• Musk exploring blockchain use to curb US government spending: Report
• Brian Armstrong says Coinbase needs to ‘rethink’ its token listing process

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.