Weekly Crypto Review 09.01.23
09/01/23 • 2 min
Weekly Crypto Review 09.01.23
Welcome back everyone, it’s Friday September first, twenty three, and this is your weekly Crypto review. Here are some highlights to bring you up to speed...
The crypto community celebrated a big win this week with the US court of appeals ruling favor in favor of Grayscale but the SEC delayed the decision on a round of ETF applications
Bitcoin drops 4.7% to dip below $26,000 over the past 24 hours, immediately following revelations the SEC would be delaying several filings for a US spot ETF until October.
Former SEC chair says spot Bitcoin ETF approval is 'inevitable' despite delays. The commission has another 45 days to approve, deny, or delay spot Bitcoin exchange-traded fund applications from 7 major firms including Blackrock and Grayscale.
Monthly trading volumes for Ethereum NFTs hit their lowest level in two years as activity on OpenSea, Blur, LooksRare and X2Y2 dried up. OpenSea’s active users fell 12% to 126,000 in August — the lowest since July 2021.
Unrelated to the markets... BitBoy, AKA Ben Armstrong, a former guest on our Web3 Unpacked podcast, came out publicly and admitted to having an affair and explained that his erratic behavior was due to being on diet pills and steroids. Whether you subscribe to Ben’s channel and or invest in his coins, the Ben and his wife deserve their privacy to deal with these very personal issues.
and lastly, with the crypto market hitting lows, it’s easy to get discouraged, but its important to understand that important regulations and asset class’s are being defined right now, and thats a good thing! Crypto volume and momentum is still high, so Keep Calm and Hodl On!
Thank you for tuning in, for more insights into the world of Web3, and how to navigate the rapidly changing crypto and blockchain landscape, visit MVMT dot Media and look for Web3 Unpacked podcasts on Apple, Spotify or wherever you get your podcasts.
Video Podcast: https://youtu.be/bF1bftjQUqI
The information provided in this broadcast represents the sole opinions of MVMT and should not be construed as financial advice. Any actions taken based on this information are at the sole discretion and risk of the individual, and MVMT disclaims any responsibility for the consequences thereof. It is strongly advised that individuals seek qualified professional financial advice before making any financial decisions.
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SEC, BitBoy, Ben Armstrong, bitcoin, cryptocurrency, crypto, altcoin, altcoin daily, blockchain, decentralized, news, THETA, Chainlink, top altcoins, ethereum, tron, stellar, binance, coinbase, cardano, litecoin, 2019, 2020, crash, bull run, bottom, crash, tether, bitfinex, rally, tone vays, ivan on tech, chico, video, youtube, macro, price, prediction, podcast, interview, trump, finance, stock, investment, halving, halvening, too late, when, fed, federal reserve, interest rates, rates, cut, economy, stock market
Weekly Crypto Review 09.01.23
Welcome back everyone, it’s Friday September first, twenty three, and this is your weekly Crypto review. Here are some highlights to bring you up to speed...
The crypto community celebrated a big win this week with the US court of appeals ruling favor in favor of Grayscale but the SEC delayed the decision on a round of ETF applications
Bitcoin drops 4.7% to dip below $26,000 over the past 24 hours, immediately following revelations the SEC would be delaying several filings for a US spot ETF until October.
Former SEC chair says spot Bitcoin ETF approval is 'inevitable' despite delays. The commission has another 45 days to approve, deny, or delay spot Bitcoin exchange-traded fund applications from 7 major firms including Blackrock and Grayscale.
Monthly trading volumes for Ethereum NFTs hit their lowest level in two years as activity on OpenSea, Blur, LooksRare and X2Y2 dried up. OpenSea’s active users fell 12% to 126,000 in August — the lowest since July 2021.
Unrelated to the markets... BitBoy, AKA Ben Armstrong, a former guest on our Web3 Unpacked podcast, came out publicly and admitted to having an affair and explained that his erratic behavior was due to being on diet pills and steroids. Whether you subscribe to Ben’s channel and or invest in his coins, the Ben and his wife deserve their privacy to deal with these very personal issues.
and lastly, with the crypto market hitting lows, it’s easy to get discouraged, but its important to understand that important regulations and asset class’s are being defined right now, and thats a good thing! Crypto volume and momentum is still high, so Keep Calm and Hodl On!
Thank you for tuning in, for more insights into the world of Web3, and how to navigate the rapidly changing crypto and blockchain landscape, visit MVMT dot Media and look for Web3 Unpacked podcasts on Apple, Spotify or wherever you get your podcasts.
Video Podcast: https://youtu.be/bF1bftjQUqI
The information provided in this broadcast represents the sole opinions of MVMT and should not be construed as financial advice. Any actions taken based on this information are at the sole discretion and risk of the individual, and MVMT disclaims any responsibility for the consequences thereof. It is strongly advised that individuals seek qualified professional financial advice before making any financial decisions.
-----
SEC, BitBoy, Ben Armstrong, bitcoin, cryptocurrency, crypto, altcoin, altcoin daily, blockchain, decentralized, news, THETA, Chainlink, top altcoins, ethereum, tron, stellar, binance, coinbase, cardano, litecoin, 2019, 2020, crash, bull run, bottom, crash, tether, bitfinex, rally, tone vays, ivan on tech, chico, video, youtube, macro, price, prediction, podcast, interview, trump, finance, stock, investment, halving, halvening, too late, when, fed, federal reserve, interest rates, rates, cut, economy, stock market
Previous Episode
Weekly Crypto Review 08.25.23
Welcome back everyone, it’s Friday August twenty fifth, twenty three, and this is your weekly Crypto review. Here are some highlights to bring you up to speed...
The Biden administration unveils new crypto tax reporting rules, stating Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed U.S. Treasury Department rule published on Friday. The rule is part of a broader push by Congress and regulatory authorities to crack down on crypto users who may be failing to pay their taxes. For more on Crypto taxation and accounting, be sure to check out part one of our Web3 Unpacked accounting episodes.
Coinbase Global, the company behind the largest crypto exchange in the U.S., announced Monday that it acquired an equity stake in Circle Internet Financial, the issuer of USDC, the second-largest stablecoin by market capitalization.
Bitcoin's mining difficulty level reached an all-time high of 55.62 trillion hashes this week. According to Bitfinix analysts, the increase in mining difficulty suggests "miners believe the current BTC level is fairly valued, or maybe a little under priced of its true value."
The controversial crypto project co-created by Sam Altman saw its WLD token drop 9.1% over the past 24 hours and 43.6% over the past 30 days. Despite launching only recently, Worldcoin finds itself facing regulatory headwinds due to concerns over data privacy. The backlash has led to the exclusion of U.S. residents from purchasing or trading the token, exacerbating selling pressure.
XRP whale moves 29 million tokens to Bitstamp amid price slide.
and finally... Shopify, the cornerstone of global e-commerce facilitating transactions worth a staggering $444 billion worldwide, has opened its doors to Solana Pay. This collaboration enables millions of businesses operating on the Shopify platform to offer their customers Solana Pay as a secure payment option. This is a very good thing, GO Shopify and Solana!
Thank you for tuning in, for more insights into the world of Web3, and how to navigate the rapidly changing crypto and blockchain landscape, visit MVMT dot Media and look for Web3 Unpacked podcasts on Apple, Spotify or wherever you get your podcasts.
The information provided in this broadcast represents the sole opinions of MVMT and should not be construed as financial advice. Any actions taken based on this information are at the sole discretion and risk of the individual, and MVMT disclaims any responsibility for the consequences thereof. It is strongly advised that individuals seek qualified professional financial advice before making any financial decisions.
#cryptonews #weeklycryptoreview #solana #coinbase #xrp #worldcoin #cryptotax #shopify
Next Episode
The Future is Open-source - The Evolution of Package Management Systems
Max Howell, Tea: The Future is Open-source - Evolution of Package Management Systems
In our latest episode of Web3 Unpacked, Rich Pasqua of @mvmtmedia invites Max Howell, CEO of Tea.xyz, to discuss Tea's package management system, the future of open-source, AI, product design and much more.
Episode links:
https://tea.xyz
https://twitter.com/teaxyz
https://twitter.com/mxcl
https://www.linkedin.com/company/teaxyz
https://discord.gg/4XVhkEab
Whether you're a seasoned Web3/open-source developer or just getting started on your journey, this is an episode you won't want to miss. Join us for a fun, and insightful conversation with Max on the Web3 Unpacked podcast, available now on all major podcast platforms.
The book I reference in the podcast, referring to open source is: The Cathedral & the Bazaar: Musings on Linux and Open Source by an Accidental Revolutionary. Link below...
https://www.amazon.com/Cathedral-Baza...
Learn more about MVMT:
https://linktr.ee/mvmt.media
https://mvmt.media
#Web3 #opensource #packagemanagement #web3unpacked #AI #intercationdesign #design #Media #entertainment #tea.xyz #maxhowell #thetanetwork #nft #ai #blockchain #richpasqua #code #brew #steep
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