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Bitcoin $109,704.32 USD +2.504%
ETH $2,558.37 USD +1.27%
Tether $0.9999 USD -0.11%
XRP $2.39 USD +1.66%
BNB $673.18 USD +3.52%
Solana $173.67 USD +3.43%
USD Coin $164.36 USD -0.05%
Dogecoin $0.2364 USD +4.67%
Cardano $0.7729 USD +3.94%
TRON $0.2678 USD -0.57%
Wrapped Bitcoin $109,317.98 USD +2.46%

News

Bitcoin close to the top

Market Picture

Market capitalisation has risen 2% in the last 24 hours to $3.37 trillion, 8.5% below January's all-time peaks. However, Bitcoin buyers are showing more confidence, trading above the $107k area (+2.9%). Ethereum and many other altcoins saw stronger intraday gains but still have a lot to recover after retreating significantly following the broader market pullback after Trump’s inauguration.

Bitcoin is forming its fourth consecutive daily growth candle. Bulls continue their attempts to secure a foothold above the $107K level. While the first cryptocurrency has briefly reached higher levels, it has yet to establish a sustained hold above them.

Last week, there was a stabilisation around $103k, which now looks like a foundation for further growth. The realistic near-term target for the bulls looks to be the area of $113K, which would be an extension to 161.8% of the growth impulse from early May and the subsequent mini correction at the beginning of last week.

Bitcoin's upward move is gradually waking up altcoins, although they still have considerable room to rise to previous highs, making them increasingly attractive to retail traders. The trend of a weakening dollar can also be seen as a breeding ground for growth.

News Background

On-chain signals and market data for Bitcoin remain constructive. Buying sentiment continues to support further growth, indicating that it may not yet be time to cash in, according to CryptoQuant.

Strategy bought an additional 7,390 BTC ($764.9 million) last week at an average price of $103,498 per coin. The company now owns 576,230 BTC bought at an average price of $69,726. The total investment is valued at $40.18 billion.

Major players via options have bet on Ethereum's significant growth, said CoinDesk analyst Omkar Godbole. The strategy will yield the biggest profits if ETH rises to $6,000 or higher by 26 December.

The Binance exchange has filed a motion to dismiss FTX's $1.76 bn lawsuit. The company's lawyers called the claims ‘legally untenable’ and asked for the case to be dismissed.

According to Fortune, Circle's IPO may not take place as the USDC issuer is in talks with Coinbase and Ripple to sell the business for at least $5bn. (FxPro)

News

Cryptocurrency News

Bitcoin Price Surge: Bitcoin has risen from $94,000 to over $106,000 in May, a 13% increase, driven by strong institutional interest and ETF inflows ($3.3 billion this month). Analysts predict it could hit $110,000 by month's end, with some forecasting $220,000-$250,000 by year-end due to regulatory tailwinds and reduced volatility.

Regulatory Developments: The U.S. Senate advanced the GENIUS Act on May 20 with a 66-32 vote, aiming to regulate stablecoins and establish a federal framework for digital currencies. A final vote is pending post the May 26 holiday. Texas may become the second U.S. state to allow a Bitcoin reserve if SB 21 is signed, following New Hampshire’s lead.

XRP Momentum: XRP briefly overtook Tether as the third-largest cryptocurrency. Its price surged 15% in 2025, trading at $2.40, with South Korean investors driving demand. The launch of XRP futures ETFs by CME Group on May 19 is seen as a pivotal moment. Predictions suggest XRP could reach $3-$20 by 2030.

Cybersecurity Concerns: Coinbase reported a cyberattack costing $180-$400 million, affecting a small subset of users’ data. Bybit faced a $1.5 billion heist in February, the largest ever. In France, crypto-related kidnappings targeting wealthy investors have raised alarms.

Institutional Adoption: Blackstone disclosed holding 23,094 shares of the iShares Bitcoin Trust, marking its first public bitcoin position. JPMorgan, Ondo, and Chainlink announced a $100 billion blockchain platform for tokenizing real-world assets.

Market Trends: The crypto market cap rose 1.2% to $3.46 trillion, with $124 billion in trading volume. However, concerns about overconfidence and potential corrections persist. Galaxy’s Nasdaq listing ($GLXY) has sparked enthusiasm, with potential to rival other crypto stocks. (Grok)

News

Blockchain News

Regulatory Moves in the U.S.: The U.S. Senate advanced the GENIUS Act, a bipartisan bill to regulate stablecoins, with new consumer protections and limits on tech companies issuing them. This follows a previous Democratic block, signaling growing acceptance of blockchain’s role in finance, though concerns about oversight and corruption persist.

Coinbase Joins S&P 500: Crypto exchange Coinbase was added to the S&P 500, a milestone for the crypto industry, though it faced a cyberattack compromising customer data, with remediation costs estimated at $180–400 million.

New Hampshire’s Crypto Push: New Hampshire became the first U.S. state to allow its treasury to invest in cryptocurrency. Proposed bills aim to prevent discrimination against digital assets and establish blockchain-specific legal frameworks, though their fate remains uncertain.

Cardano Embezzlement Allegations: Cardano faces claims of $600 million in ADA embezzlement. Founder Charles Hoskinson promised an audit to restore trust, potentially setting a precedent for blockchain self-governance.

Ripple and XRP Developments: Ripple warned XRP holders about scams amid a market uptick. XRP is expanding into multichain interoperability with Cosmos and EVM sidechains, positioning it as a key player in blockchain connectivity.

Chainlink and Stablecoin Integration: World Liberty Financial’s USD1 stablecoin, backed by U.S. treasuries, hit $2 billion in market cap and is now cross-chain with Chainlink’s CCIP, enabling secure transfers across Ethereum and BNB Chain.

Security Concerns: French crypto entrepreneurs, including Paymium’s CEO, face rising targeted attacks, prompting enhanced security measures. Global threats to crypto executives are increasing, with organized crime targeting digital wealth.

Blockchain in Gaming: Blockchain gaming saw a 10% drop in user activity in April, but the ecosystem is maturing. Mainstream companies like Ubisoft and Sega are experimenting with NFTs and play-to-earn mechanics.

JP Morgan’s Blockchain Milestone: JP Morgan used Ondo and Chainlink for its first public blockchain deal, a historic step for institutional crypto adoption.

Ethereum Node Storage Solution: Vitalik Buterin proposed a local-first design to reduce Ethereum node storage requirements from 1.3TB, aiming to lower barriers for users. (Grok)

News

XRP News

Latest XRP News Summary (as of May 22, 2025)

Price Movement: XRP is currently trading around $2.31-$2.55, experiencing a 4% weekly drop but holding key support levels. Analysts suggest a potential rebound to $3.40, with some optimistic predictions targeting $11.34 by year-end or even $123 based on historical patterns, though short-term forecasts indicate limited gains until October 2025. A critical support level is at $2.30; a drop below could lead to a crash to $2.00.

SEC Lawsuit Developments: Ripple and the SEC are nearing a settlement in their long-standing legal battle, with the SEC filing a motion to lift the injunction on XRP sales to institutional investors and reduce a $125 million penalty. A recent court ruling on May 18 rejected the SEC’s request for an indicative ruling, but Ripple’s Chief Legal Officer downplayed it as procedural. The outcome could clear the path for XRP-spot ETF approval, a significant bullish catalyst.

XRP Futures and ETF Speculation: The CME Group launched cash-settled XRP futures on May 19, boosting institutional interest and speculation about spot ETF approvals. Firms like 21Shares, Bitwise, and Grayscale have filed for XRP ETFs, with Polymarket bettors giving an 83% chance of approval. However, BlackRock’s silence and a recent court decision have delayed ETF momentum, causing some bearish pressure.

Technological Advancements: Ripple is integrating XRP with Cosmos and developing EVM sidechains for better blockchain interoperability. Its custody service now supports shared MPC wallets, and the XRP Ledger is seeing growth in tokenization and DeFi, with rising Total Value Locked (TVL). StraitsX launched a Singapore-dollar stablecoin (XSGD) on the XRP Ledger, enhancing its utility.

Market Sentiment and Political Support: XRP sentiment remains mixed but leans bullish due to legal optimism and endorsements, notably from President Donald Trump, who suggested XRP as a potential strategic reserve currency. Posts on X highlight community excitement, with Ripple announcing an XRP Rewards Event to engage holders. However, some analysts warn of regulatory scrutiny and market volatility impacting short-term performance.

Ripple IPO Speculation: Market speculation suggests a Ripple IPO could value the company at over $100 billion, potentially boosting XRP’s price, though XRP in Ripple’s escrow won’t count toward valuation until the IPO.

Critical Note: While bullish catalysts like ETF prospects and legal clarity exist, ongoing regulatory uncertainty and market dynamics could pose risks. Some community predictions (e.g., $250 by 2026) appear speculative and lack robust evidence. Always conduct thorough research before making investment decisions, as market conditions are volatile. (Grok)

News

Best Quotes Of The Day

"Banking now is like sending a letter: you send it, you don't know if it reached there. Ripple is more like sending an iMessage: you send it, and you immediately know" Chris Larsen

"Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy" Michael J. Saylor

News

Elon Musk quotes

“Fundamentally, bitcoin is not a good substitute for transactional currency,” Musk told Time Magazine after being named Time’s 2021 Person of the Year. “Even though it was created as a silly joke, dogecoin is better suited for transactions.”

"The transaction volume of bitcoin is low, and the cost per transaction is high,” he said. Musk added that bitcoin is more suitable as a store of value, which is why its investors want to hold onto it and not sell it or use it for transactions.

Dogecoin, on the other hand, is a currency that “encourages people to spend, rather than sort of hoard as a store of value” Elon Musk

News/Intel

What Is A Cryptocurrency ETF? A Guide For Crypto Investors Looking To Diversify

A cryptocurrency exchange-traded fund (ETF) is an investment vehicle that allows investors to gain exposure to digital assets without directly holding them. Crypto ETFs can be a simpler, highly regulated way to invest in the volatile crypto world, offering diversification and ease of trading.

This guide will explain what crypto ETFs are, how they work, their advantages and the potential risks investors should consider.

What Is A Crypto ETF?

A crypto ETF is a financial product that provides investors with indirect exposure to digital assets like bitcoin and ether. Instead of directly purchasing and storing these cryptos, investors can buy shares of a crypto ETF, which tracks the value of one or more digital currencies. These ETFs trade on traditional stock exchanges, making them accessible through regular brokerage accounts.

Crypto ETFs are available in two main forms: spot ETFs and futures ETFs.

Spot ETFs directly hold the underlying crypto, while futures ETFs rely on contracts that speculate on future crypto prices. This difference can impact an ETF’s performance, with spot ETFs offering more direct price exposure and futures ETFs providing a way to trade on expected price movements.

Investing in crypto ETFs offers simplified access to digital assets. However, these funds are not without risks. Investors should know potential issues, including counterparty risks, management fees and limited control over the underlying digital assets. Understanding these factors can help investors make informed decisions.

How Does A Cryptocurrency ETF Work?
A cryptocurrency ETF functions like a traditional exchange-traded fund, trading on major stock exchanges. Investors can buy and sell shares of a crypto ETF throughout the trading day, with prices fluctuating based on the value of the underlying crypto it tracks. Crypto ETFs offer real-time pricing, which provides greater flexibility for investors.

Crypto ETFs are structured to hold either the actual crypto in the case of spot ETFs or derivative contracts, as in futures ETFs, that reflect crypto prices. The fund’s manager ensures the ETF maintains its target exposure by buying or selling assets as needed. This allows investors to gain exposure to digital assets without directly managing crypto wallets or navigating complex exchanges.

Types Of Cryptocurrency ETFs
Crypto ETFs come in several forms, offering different ways to invest in the digital asset market. Bitcoin ETFs focus solely on bitcoin, providing direct exposure to its price. Ethereum ETFs are dedicated to tracking the value of Ethereum. Blockchain ETFs invest in companies involved in blockchain technology rather than holding crypto directly. Multi-Crypto ETFs provide access to a mix of several cryptos within a single fund.

These options allow investors to choose between a single-asset focus or a diversified approach that reduces the risk of relying on one asset.

Bitcoin ETFs: Spot Vs. Futures
There are two kinds of Bitcoin ETFs, spot and futures. Spot bitcoin ETFs hold actual bitcoin reserves, with each share backed by actual crypto. This means investors gain direct exposure to bitcoin’s price movements without needing to manage or store bitcoin themselves. Spot ETFs are regulated financial instruments, with custodians securely storing the underlying bitcoin to protect against risks like hacking or theft.

In contrast, bitcoin futures ETFs do not hold actual bitcoin. Instead, they invest in futures contracts speculating on bitcoin’s future price. These contracts are agreements to buy or sell bitcoin at a set price on a future date. While this approach offers bitcoin exposure, it introduces added complexity. Costs like roll premiums – expenses an ETF is required to pay when replacing expiring futures contracts with new ones – can reduce investor returns. Futures contracts may not perfectly track bitcoin’s spot price, causing price differences between the ETF and the actual bitcoin market.

Ethereum ETFs
Similar to bitcoin ETFs, ether ETFs come in two main types, spot and futures-based. Spot ether ETFs hold actual ETH in a secure, regulated custody account, giving investors direct exposure to the cryptocurrency's price. When purchasing ether ETFs, investors buy shares representing a portion of the ETF's Ethereum holdings.

Futures-based ether ETFs do not hold ETH directly. Instead, they invest in futures contracts speculating on Ethereum's future price. These ETFs are easier to regulate and avoid custody risks, but may experience tracking errors and higher costs due to frequent contract rollovers.

Blockchain ETFs
Blockchain ETFs invest in companies using blockchain technology instead of holding cryptocurrencies directly. These funds provide exposure to industries like supply chain management, cybersecurity and digital identity. Unlike crypto ETFs, which focus on digital assets like bitcoin or ether, blockchain ETFs diversify across multiple sectors.

Examples include Robinhood, which offers crypto trading and blockchain services; Metaplanet, an investor in blockchain startups; and Cleanspark, a bitcoin mining company operating energy-efficient mining facilities. Blockchain ETFs let investors benefit from blockchain’s growth without direct ownership.

Multi-Crypto ETFs
Multi-Crypto ETFs expose a range of digital assets rather than focusing on a single one. These funds offer investors a balanced approach, allowing them to invest in multiple coins, such as bitcoin, ethereum, and solana, all within one investment product.

Grayscale's Digital Large Cap Fund is a notable example, holding a mix of major digital assets. Roughly 75% of the fund is allocated to bitcoin, 19% to ether, and the remainder to solana, ripple and avalanche. This approach helps spread risk and gives investors broader exposure to the evolving crypto market.

Why Are Investors Interested In Crypto ETFs?
Investors are drawn to crypto ETFs because they provide a straightforward method to gain exposure to digital assets without directly owning them. Through crypto ETFs, investors can access crypto through traditional brokerage accounts, avoiding the complexities of managing digital wallets, private keys or secure storage. Crypto ETFs also offer the security of institutional-grade funds, which are managed by professional fund managers and operate under regulatory guidance.

One of crypto ETFs' most appealing aspects is their portfolio diversification. Instead of investing in a single cryptocurrency, investors can choose multi-asset ETFs that spread risk across the crypto market.

Pros And Cons Of Crypto ETFs
Crypto ETFs offer a convenient way to gain exposure to digital assets without directly managing cryptocurrency. However, like any investment, they come with benefits and drawbacks. Understanding these pros and cons can help investors make informed decisions.

Pros Of Cryptocurrency ETFs
Accessibility: Crypto ETFs can be traded through traditional brokerage accounts, making it easy for investors to gain exposure without using crypto exchanges.

Diversification: Investors can choose multi-crypto ETFs, spreading their risk across multiple digital assets instead of relying on a single cryptocurrency.

Regulatory Oversight: Crypto ETFs are managed by regulated financial institutions, providing regulated security compared to direct crypto ownership, which can be challenging.

Cons Of Cryptocurrency ETFs
Limited Control: Investors do not own actual crypto, meaning they cannot use it for transactions or transfer it to a private wallet.

Management Fees: Crypto ETFs often have management fees that can reduce returns over time, especially futures-based ETFs with frequent contract rollovers.

Tracking Errors: Futures-based crypto ETFs may not perfectly mirror the spot price of cryptocurrencies due to price differences between futures and actual assets.

Cryptocurrency ETFs Vs. Direct Crypto Investments
Crypto ETFs offer investors a way to gain exposure to digital assets without direct ownership. Investors do not need to manage private keys or secure digital wallets, making ETFs a simpler option for those who want crypto exposure without the technical complexities.

In contrast, direct crypto investments allow investors to buy, hold and control actual digital assets. This approach provides complete ownership, enabling investors to transfer, spend or stake their crypto as they see fit. Direct investments also avoid management fees but come with responsibilities like wallet security, exposure to hacking risks and the need to manage transactions on crypto exchanges.

Who Are Crypto ETFs Right For?
Crypto ETFs are ideal for beginner investors who want exposure to digital assets without the complexity of directly buying, storing or managing cryptocurrencies. These funds offer a simple, regulated way to invest, making them suitable for those new to the crypto market who are more comfortable with traditional financial products.

They are also well-suited for traditional investors familiar with stock markets but wanting to explore crypto. By trading on exchanges like the NYSE or Nasdaq, crypto ETFs provide a convenient option for those who prefer to avoid the security risks of crypto exchanges.

The Future Outlook Of Cryptocurrency ETFs
The future of cryptocurrency ETFs looks bright, with BlackRock’s Bitcoin ETF posting $356 million in inflows, the longest streak of 2025, and bitcoin flirting with new highs. As regulatory clarity improves, driven by bullish sentiment from SEC Commissioner Paul Atkins, more funds are launching, providing investors with greater choice and confidence.

Bottom Line

Crypto ETFs make it easier to invest in digital assets without directly buying and managing cryptocurrencies. They are a good option for beginners, traditional investors and those looking for diversified exposure. With choices like bitcoin, ether, multi-crypto and blockchain ETFs, investors can find a fund that fits their goals while reducing some risks of direct ownership.

The future of crypto ETFs looks promising as more funds emerge and regulatory clarity improves. BlackRock’s Bitcoin ETF is seeing record inflows, showing strong investor interest. As the market grows, crypto ETFs offer a straightforward way to participate in the digital asset space.

Cryptos and Markets

Cryptos

Cryptos Today: (Near Live)

May 19, 2025
Sydney, Australia

Bitcoin $104,266.52 USD +0.52%
ETH $2,421.78 USD -3.18%
Tether $1.00 USD -0.41%
XRP $2.39 USD +1.05%
BNB $644.71 USD -0.00%
Solana $168.47 USD +0.54%
USD Coin $1.00 USD -0.13%
Dogecoin $0.2251 USD +3.48%
Cardano $0.7427 USD -0.85%
TRON $0.2662 USD -2.40%
Wrapped Bitcoin $104,441.92 USD +0.75%

News

XRP News

Price Movement: XRP is trading around $2.40-$2.55, with a recent peak at $2.65 on May 14, 2025. It’s up over 366% in the past year but dipped 1.6% recently due to market consolidation and legal uncertainties. Analysts suggest a potential rally to $3.00 if it breaks the $2.72 resistance, supported by bullish indicators like RSI and low exchange inflows. Some predict explosive growth to $5.90, $15, or even $123 based on technical patterns, though these are speculative.

SEC vs. Ripple Lawsuit: The ongoing legal battle with the SEC remains pivotal. On May 15, Judge Analisa Torres rejected a joint SEC-Ripple motion to amend a prior settlement due to procedural issues, leaving the case in limbo. Despite this, Ripple’s legal chief confirmed XRP’s non-security status remains intact. A $50 million settlement was briefly finalized, but renewed scrutiny and the SEC’s push to lift restrictions on institutional XRP sales have stirred uncertainty. A resolution could pave the way for XRP-spot ETF approvals.

ETF Speculation: Hopes for an XRP-spot ETF have driven price surges, with filings from firms like 21Shares, Bitwise, and Franklin Templeton. However, BlackRock’s silence after SEC talks and a delayed decision on Solana ETFs (with XRP ETF deadlines looming in June) have tempered optimism. Experts warn an ETF might not fully align with XRP’s utility-driven adoption.

Market and Adoption: XRP hit $1.2 billion in daily trading volume in South Korea, surpassing Bitcoin and Ethereum. Ripple’s technological advancements include EVM sidechains for blockchain interoperability and shared MPC wallets for secure custody. President Trump’s endorsement of XRP as a potential strategic reserve currency and Missouri’s crypto tax break law have fueled bullish sentiment. Ripple’s acquisition of Hidden Road could lock up 5% of XRP’s circulating supply, potentially driving prices to $5-$15 short-term.

Futures and IPO Buzz: The CME Group is set to launch XRP futures today, May 19, 2025, a move seen as a step toward institutional adoption and potential ETF approval. Speculation about a Ripple IPO, possibly valuing the company at $100 billion, continues to grow, with SBI Holdings noting XRP in escrow won’t count toward valuation until the IPO.

Community Sentiment: XRP’s community is optimistic, with commentators like “J4b1” calling May 19 a potentially historic day, possibly tied to the futures launch or legal developments. However, claims of a finalized SEC settlement by May 19 appear unverified. Posts on X highlight excitement but also speculative narratives, like BlackRock buying XRP, which lack confirmation.

Critical Note: While bullish projections abound, some analysts caution that historical patterns may not hold, and regulatory hurdles could persist. Always verify claims, especially from X posts, as they can be speculative or misleading. For the latest, check trusted sources or monitor Ripple’s official channels. (Grok)

News

Dogecoin News

Price Movements and Market Performance: Dogecoin has shown significant volatility, with a recent 48.7% surge over the past month, trading around $0.223 as of May 18, 2025. It reached a high of $0.248 in early May but faced a slight pullback, consolidating near $0.22–$0.23. Analysts suggest a potential breakout above the $0.25–$0.26 resistance could spark a new bull run, with price targets ranging from $0.30 to $0.70 in the next 30 days, and some optimistic forecasts eyeing $1 in 2025. However, a "death cross" on technical charts indicates midterm bearish risks, making the $0.21 support level critical.

Whale Accumulation: On-chain data reveals that Dogecoin whales have accumulated over 1 billion DOGE in the past month, signaling strong confidence in future price gains. This activity, coupled with an 800% surge in daily active addresses (reaching 674K, the highest since November 2024), suggests robust network engagement and potential for an explosive price move if support holds.

ETF Speculation: Enthusiasm is growing around four Dogecoin ETF applications under SEC review, including one from 21Shares in partnership with the Dogecoin Foundation. Bloomberg analysts estimate a 75% chance of approval in 2025, which could drive mainstream adoption and price growth. This news contributed to a 528% spike in active addresses on May 13, from 74,640 to 469,477.

Network and Ecosystem Developments: The Dogecoin Foundation is pushing for broader adoption through DogeOS, an app layer for gaming, AI, and DeFi, backed by $6.9 million in investment. This aims to transform Dogecoin from a meme coin to a utility-driven asset, potentially supporting its $100 billion market cap goal.

Market Sentiment and Speculation: Posts on X reflect bullish sentiment, with unverified claims of PayPal accepting Dogecoin payments circulating, though these lack confirmation. Additionally, Dogecoin’s futures open interest surged from $989 million to $1.62 billion, indicating heightened speculative trading. Some analysts warn of overheating risks, but others see room for growth before a cycle top.

Cautions and Risks: Dogecoin creator Billy Markus warned about a potential asset bubble that could crash the global economy, though specifics were vague. Geopolitical tensions and trade policy shifts continue to influence crypto markets, adding uncertainty. The coin’s volatility and reliance on speculative momentum remain concerns. (Grok)

News

Bitcoin Movie News

Michael Saylor’s $40BN Bitcoin Bet: The Financial Times released a documentary exploring Michael Saylor’s bold corporate investment in Bitcoin, highlighting his journey from corporate strategy to crypto prominence. Posts on X indicate strong interest, describing it as a must-watch for Bitcoin enthusiasts.

Everyone Is Lying To You For Money: Set to premiere at SXSW London in June 2025, this crypto-skeptical documentary features interviews with former FTX and Celsius CEOs, Sam Bankman-Fried and Alex Mashinsky, and examines El Salvador’s Bitcoin adoption under President Nayib Bukele.

Crypto Man: A South Korean crypto-themed film based on true events, slated for release in January 2025, was in post-production as of December 2024.

Satoshi Nakamoto Film: Directed by Sophia Banks, this upcoming feature film, based on Andrew O’Hagan’s “The Satoshi Affair,” will explore the mystery of Bitcoin’s enigmatic creator.

Ross Ulbricht Documentary: Filmmakers Jonah Tulis and Blake J. Harris are nearing completion of a documentary featuring over 60 hours of interviews with Ross Ulbricht, the pardoned Silk Road founder, focusing on his life and the platform’s role in popularizing Bitcoin.

Biggest Heist Ever: Netflix’s 2024 documentary details the 2016 Bitfinex hack by Ilya Lichtenstein and Heather Morgan, who laundered $4.5 billion in Bitcoin, dubbed “Bitcoin’s Bonnie and Clyde.”

Aimy in a Cage: This 2015 dystopian horror film, adapted from a graphic novel, was the first movie fully funded by Bitcoin, allowing director Hooroo Jackson to maintain creative control.

Cold Wallet: A 2025 thriller about cryptocurrency fraud, presented by Steven Soderbergh, has been praised for its suspenseful take on a home invasion tied to crypto.

These projects reflect growing cinematic interest in Bitcoin’s cultural, financial, and criminal dimensions.

News

Best Quotes Of The Day

“Trading Bitcoin is like trading Apple, Amazon, Google, or Facebook a decade ago. The more you obsess over timing the market, the more mistakes you make. They were all technology networks that were dominant & destined to grow.” - Michael Saylor, Former CEO of MicroStrategy

"Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly." - Vitalik Buterin, Co-Founder of Ethereum

"The Latin American countries where you have this combination of inflation or hyperinflation cycles – deflation as well – and then you have very high friction for financial transactions, a high percentage of people who are unbanked, cryptocurrencies make total sense." – Fred Thiel, CEO of Thiel Advisors & Marathon Digital Holdings

“…we know gold is a $12 trillion asset, bitcoin’s about a 10th of gold. Could they be half of gold? At one point, Sure, it could … And at some point, it will be larger than gold… that money is finding its way to Gen Z and Millennials, and they feel much more comfortable with digital gold than old clunky gold.” - Mike Novogratz, CEO of Galaxy Digital

“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” - Satoshi Nakomoto, Founder of Bitcoin

Markets

ASX futures down 7 points/0.1% to 8360 on Sat

Australian dollar +0.1% to 64.10 US cents

Wall Street:
S&P 500 +0.8%
Dow Jones +0.7%
Nasdaq +0.5%

Europe:
Stoxx 50 +0.3%
FTSE +0.6%
DAX +0.3%
CAC +0.4%

Bitcoin +0.9% to $US104,244

Spot gold -1.1% to $US3203.65 per ounce on Saturday

US oil +1.4% to $US62.49 a barrel on Saturday

Brent crude oil +1.4% to $US65.41 a barrel on Saturday

Iron ore -1.5% to $US99.70 per ton (Singapore 62% grade)

10-year yield:
US 4.48%
Australia 4.45%
Germany 2.59%

Cryptos Today: (Near Live)

May 13, 2025
Sydney, Australia

Bitcoin $102,452.96 USD -1.57%
ETH $2,473.59 USD -1.39%
Tether $0.9993 USD -0.10%
XRP $2.53 USD +7.21%
BNB $662.27 USD +1.78%
Solana $172.50 USD -0.12%
USD Coin $0.9993 USD -0.07%
Dogecoin $0.2295 USD -1.04%
Cardano $0.8162 USD +0.72%
TRON $0.2732 USD +3.10%
Wrapped Bitcoin $102,406.50 USD -1.66%

News

Cryptocurrency News

Bitcoin Price Surge: Bitcoin has surpassed $100,000, briefly touching $105,000, driven by optimism around global trade deals, particularly U.S.-U.K. agreements and ongoing U.S.-China talks. Analysts warn of a potential short-term sell-off ahead of the May 13 CPI print, with BlackRock noting quantum computing as a risk for Bitcoin ETFs.

Ethereum Rally: Ethereum (ETH) has surged over 44% in three days, reaching $2,600, fueled by the Pectra network upgrade and declining Bitcoin dominance. Analysts speculate ETH could hit $10,000 or even $12,000 in 2025 due to institutional adoption, DeFi growth, and a high ETH burn rate.

Altcoin Momentum: Altcoins like Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) are rallying, with DOGE up 27% and ETH leading with a 32% weekly gain. Bitcoin’s dominance has dropped to 63.89%, signaling a potential altcoin season.

Meta’s Crypto Plans: Leaked reports suggest Meta is exploring cryptocurrency support for its 3 billion users, potentially integrating stablecoins for creator payments, which could boost market sentiment.

Regulatory Developments: SEC Chairman Paul Atkins is prioritizing a rational crypto regulatory framework, with XRP noted as the only regulated cryptocurrency in the U.S. However, a bipartisan stablecoin bill (GENIUS Act) stalled due to concerns over Trump’s personal crypto ventures, raising conflict-of-interest issues.

Market Inflows: Crypto investment products saw $882 million in inflows last week, with U.S. crypto ETFs hitting a record $62.9 billion in cumulative net inflows since January 2024. BlackRock’s Bitcoin ETF recorded a 19th consecutive day of inflows on May 9.

Other News: Coinbase acquired Deribit for $2.9 billion, expanding its derivatives offerings. New Hampshire passed a law allowing state investment in cryptocurrencies. France’s rumored crypto ban was mentioned on X but lacks credible confirmation and should be treated as speculative. (Grok)

Blockchain News

Meta’s Blockchain Push: Meta is reportedly exploring a blockchain-based payment system, potentially offering low-cost digital transfers. This follows their unsuccessful Diem project, signaling renewed interest in blockchain integration.

Crypto in Education: Animoca Brands’ Yat Siu highlights blockchain’s potential in education, particularly through DeFi student loan financing. Ripple’s $25 million donation to a crypto education fund underscores growing academic influence.

XRP and Interoperability: XRP is expanding into multichain interoperability, connecting with Cosmos and EVM sidechains. With 200+ financial partners, it aims to bridge traditional finance and crypto ecosystems.

Avalanche and Web3 Gaming: Avalanche’s John Nahas emphasizes blockchain as seamless backend infrastructure for gaming, citing examples like Gunzilla Games’ “Off the Grid,” which leverages blockchain for user ownership.

Policy Shifts: The Trump administration is driving a pro-crypto agenda, with plans to integrate blockchain into financial systems. Bank regulators are exploring blockchain-based payment systems, a stark contrast to previous skepticism.

Robinhood’s Blockchain Platform: Robinhood is developing a blockchain-based platform for trading tokenized US securities in Europe, potentially partnering with Arbitrum or Solana.

Ethereum’s Pectra Upgrade: Ethereum’s latest upgrade introduces features like smart wallets and lower fees but has raised concerns about a new attack vector that could allow hackers to drain funds.

Other Developments: Brave is integrating Cardano into its browser wallet, and MBS Global plans a $9 billion blockchain financial hub in the Maldives.

For real-time updates, platforms like Cointelegraph or CryptoSlate on X are active sources,

News

Crypto market slows down, nearing a top

Market Picture

The crypto market slowed down but continued to move upwards over the weekend, reaching $3.35 trillion. For the past few days, it has been trading in the region of the highs since early February. Ethereum and Dogecoin have been the stars of this movement, adding around 40% in seven days, although the former's contribution is certainly more significant.

The crypto market's sentiment is consolidating in the greed zone, leaving the corresponding index at 70 for the last three days. This is a good basis for continued gains: not too hot to take profits and not too cold to leave traders on the sidelines.

Bitcoin rallied above $105.5k on Monday morning, entering the area of highs where it has twice failed to hold over the past six months. The impressive corrective pullback from late January to early April, in our opinion, created substantial margin for a new wave of growth. Therefore, we will not be surprised if, along with the positive dynamics of stocks, BTCUSD will move to the renewal of historical highs already this week.

News Background

On the weekly bitcoin chart, after the upward breakout of the ‘bull flag’ pattern, a further rise to $182,000 is possible, given the growth before the downward consolidation. Cointelegraph presented such a scenario.

Significant inflows into spot bitcoin ETFS in the US continued for the third week in a row. According to SoSoValue data, weekly net inflows into spot BTC-ETFS totalled $921 million, bringing the total to $41.16 billion since bitcoin-ETFS were approved in January 2024.
Inflows into spot Ethereum-ETFS in the US broke after two weeks, recording a small net outflow of $38.2 million to $2.47 billion since last July.

Cryptoquant noted that the strategy firm's pace of bitcoin purchases exceeds the rate at which miners are issuing new coins. The firm's holdings alone imply an annual deflation of the asset of 2.23%.

Public mining companies sold about 70% of mined bitcoins in April against a falling mining profitability, TheMinerMag calculated. Since March, miners seemed to be moving away from the HOLDing strategy that had prevailed last year.

Over the years, Coinbase has considered investing a significant portion of its savings in bitcoin, following the example of Strategy, but abandoned the idea because of the risks, said Brian Armstrong, head of the exchange. (FxPro)

News

Markets

ASX futures are pointing up 97 points/1.2% to 8364

AUD -0.0% to US63.70¢

Bitcoin -1.6% to $US102,525
Wall St:
Dow +2.8% S&P +3.3% Nasdaq +4.4%
VIX -3.51 to 16.03
Gold -0.03% to $US3235.57 an ounce
Brent oil +1.8% to $US65.03 a barrel
Iron ore +3.2% to $US100.00 a ton
10-year yield: US 4.47% Australia 4.36%

News

May 12, 2025

Investors ramp up crypto spree as bitcoin nears record high

Australian investors have pounced on the plunge in bitcoin earlier this year and have been ramping up exposure to the cryptocurrency in a bold bet that could pay off handsomely, with analysts tipping prices to hit $US200,000 this year.

The world’s largest digital asset crossed the key $US100,000 level last week for the first time since February. Bitcoin extended that rally on Monday to trade near $US105,000, just shy of its record of around $US109,000 on January 20 – the day US President Donald Trump was inaugurated.

It represents a stunning turnaround for the cryptocurrency, which traded as low as $US74,000 in early April amid Trump’s escalating trade war. But sentiment started to shift as traders hunted for alternatives to US assets as they questioned the stability of the world’s largest economy.

“Bitcoin appeared to benefit from capital rotation associated with ‘sell-America’ positioning and growing scepticism around US monetary dominance,” Global X investment analyst Justin Lin told The Australian Financial Review after upgrading his year-end price target to $US200,000.

The trend was reinforced by a resurgence in global bitcoin exchange-traded funds in April, with investors adding $US2.9 billion ($4.5 billion) to those vehicles. That marked a sharp reversal from February and March, when more than $US5 billion in total was pulled from the space.

A further $US1.58 billion of flows moved into global bitcoin ETFs in the first eight days of May, according to US-listed crypto exchange Coinbase.

In Australia, local ETFs have attracted $148 million in inflows so far this year – more than double compared to the same period in 2024.

And unlike the US, Australian investors have been consistent buyers throughout this year. Local bitcoin ETFs experienced $6.9 million of inflows in March and $20.5 million in new flows in April, according to Global X.

Trump gala

The second-largest digital token, ethereum, has also been swept up in last week’s rally, surging as much as 33 per cent in its steepest weekly gain since 2021, when low interest rates fuelled the pandemic-era crypto boom.

While ether has benefited from easing global trade tensions, the token was boosted by a network upgrade designed to reduce fees, improve network efficiency and enable more complex wallet functionalities – moves seen as necessary to fend off competition from faster-growing rivals like solana.

Trump has become an advocate of digital assets during his second term by rolling back legal actions against many companies in the sector, establishing a bitcoin reserve, easing regulation and even launching his own memecoin.

The president is due to host a private gala dinner on May 22 with the top 220 holders of the Trump memecoin, an event that could mark a “turning point” for the broader cryptocurrency market, according to Global X’s Lin.

“[The event’s] symbolic value is significant,” he said. “It could serve as a launchpad for broader crypto-friendly rhetoric and possibly renewed regulatory commitments. Any such pivot would inject momentum into the sector.” (AFR) *Full article and coverage via subscription to The Australian Financial Review.

News

Cryptocurrency Movies

Here’s a concise rundown of notable cryptocurrency-themed movies and documentaries, blending education and entertainment, based on their relevance to blockchain, Bitcoin, and digital currencies:

Documentaries

The Rise and Rise of Bitcoin (2014)
Follows early Bitcoin adopters like Daniel Mross, exploring Bitcoin’s origins, volatility, and potential to disrupt finance. Insightful for understanding the early crypto community. Available on various streaming platforms.

Banking on Bitcoin (2016)
Chronicles Bitcoin’s ideological roots and its impact on financial systems, featuring interviews with key crypto figures. Great for grasping Bitcoin’s societal implications. Available on Netflix and other platforms.

Trust Machine: The Story of Blockchain (2018)
Explores blockchain’s broader applications beyond cryptocurrency, demystifying the technology’s potential. Funded and distributed via blockchain, it’s a unique watch. Available on Prime Video.

Bitcoin: The End of Money as We Know It (2015)
A 60-minute dive into the history of money and Bitcoin’s role in challenging centralized finance. Features experts like Vitalik Buterin. Streamable on platforms like YouTube.

Trust No One: The Hunt for the Crypto King (2022)
A Netflix documentary investigating the mysterious death of QuadrigaCX CEO Gerry Cotten and the $250 million in missing investor funds. Gripping for scam enthusiasts.

Biggest Heist Ever (2025)
A Netflix documentary detailing the 2016 Bitfinex hack, where 120,000 Bitcoin (worth over $4 billion) were stolen. Focuses on Heather Morgan (aka Razzlekhan) and Ilya Lichtenstein. A fresh take on crypto crime.

Feature Films

Crypto (2019)
A crime thriller starring Beau Knapp, Luke Hemsworth, and Kurt Russell. Follows a Wall Street banker uncovering a cryptocurrency-fueled money laundering scheme in his hometown. Critically mixed but engaging for drama fans. Available on Google Play and Prime Video.

Silk Road (2021)
A crime drama about Ross Ulbricht and the dark web marketplace Silk Road, where Bitcoin was the primary currency. Explores the legal and ethical complexities of crypto in illicit markets. Available on streaming services like Fandango.

Dope (2015)
A coming-of-age comedy-drama where high schoolers use Bitcoin for a dark web drug transaction. Not crypto-centric but an early mainstream nod to Bitcoin’s cultural presence. Streamable on Netflix.

Bitcoin Heist (2016)
A Vietnamese action-comedy about undercover agents chasing a crypto hacker, “The Ghost.” Blends suspense and humor, offering a lighthearted take on crypto crime. Available on Prime Video.

Why Watch These?
These films range from educational documentaries to thrilling fictional tales, reflecting crypto’s rise, scandals, and societal impact. Documentaries like Banking on Bitcoin and Trust Machine are ideal for learning about blockchain’s mechanics and potential, while thrillers like Crypto and Silk Road dramatize the risks and allure of digital currencies. For 2025, Biggest Heist Ever is a must-watch for its fresh perspective on a massive crypto theft.

Where to Watch

Most are available on Netflix, Prime Video, Google Play, or Fandango. Check specific platforms for availability in your region. (Grok)

News

Bitcoin Movies On Netflix

Netflix currently offers a few movies and documentaries focused on Bitcoin and cryptocurrency. Here are the most notable ones available as of my last update:

Bitconned (2024) - A true-crime documentary about three individuals who exploited the cryptocurrency market, scamming millions from investors to fund lavish lifestyles. It dives into the darker side of crypto with a focus on the Centra Tech scam. [IMDb: 6.5]

Trust No One: The Hunt for the Crypto King (2022) - This documentary explores the mysterious death of Gerald Cotten, founder of the QuadrigaCX exchange, and the $250 million in investor funds that vanished. It follows investors turned amateur detectives unraveling the scandal. [IMDb: 6.3]

Hotel Bitcoin (2024) - A Spanish comedy film where four friends discover a fortune in lost bitcoins, sparking a chaotic adventure to protect their windfall and friendships. It’s a lighter, fictional take on Bitcoin’s allure.

Biggest Heist Ever (2024) - A documentary covering the Bitfinex hack, where a couple, dubbed the "Bitcoin Bonnie and Clyde," allegedly laundered nearly 120,000 bitcoins. It’s a deep dive into one of crypto’s most infamous crimes.

Crypto Boy (2023) - A Dutch drama about a young man drawn into the world of cryptocurrency after a fallout with his father, exploring themes of ambition and deception. It’s more character-driven than educational.

Notes:

Availability may vary by region, so check Netflix in your area.

Some older Bitcoin documentaries, like Banking on Bitcoin or The Rise and Rise of Bitcoin, are not currently on Netflix but may be available on other platforms like Amazon Prime or YouTube.

For a broader list, posts on X also mention Bitcoin: The End of Money as We Know It and The Blockchain and Us, but these are not confirmed on Netflix at this time. (Grok)

News

Memecoins Today:

Memecoins are seeing significant activity today, May 13, 2025, with several coins rallying and ongoing controversies shaping market sentiment. Here's a concise overview based on recent developments:

Market Performance:

Dogwifhat (WIF), Book of Meme (BOME), and FLOKI are extending double-digit rallies, driven by a risk-on sentiment in crypto markets following US-China tariff reductions. Technical indicators suggest potential for further gains.

Moo Deng, a Solana-based memecoin, surged 153% in the past 24 hours, fueled by institutional demand for SOL and retail interest after Bitcoin’s rally above $103,000.

FLOKI is highlighted on X as a top performer, with posts suggesting it could lead the memecoin rally alongside DOGE, SHIB, and PEPE.

Political and Controversial Developments:

Trump’s $TRUMP Memecoin: The coin remains in the spotlight due to a May 22 dinner for top holders at Trump’s Virginia golf club, sparking ethical concerns and political backlash. The coin surged over 50% after the announcement, reaching a $2.7 billion market value, though 764,000 investors have lost money compared to 58 wallets profiting significantly.

Melania’s $MELANIA Memecoin: Launched January 19, it saw sniper traders earn $99.6 million by buying minutes before its public announcement. The team recently sold $1.5 million in tokens, amid a weakening memecoin market.

Legislative Pushback: Senate Democrats blocked stablecoin legislation due to controversies surrounding Trump’s crypto ventures. Proposed bills, like the End Crypto Corruption Act, aim to ban presidents and officials from issuing digital assets to curb potential conflicts of interest.

Market Sentiment:
X posts reflect active interest in memecoins, with users seeking recommendations and shilling coins like FLOKI and letsBONK. However, some posts highlight the speculative nature, describing pump-and-dump cycles.

Discussions on memecoins hit a year-to-date high, shifting focus from Bitcoin and layer-1 protocols, though some argue the memecoin frenzy is cooling as stablecoins gain traction on Solana.

Broader Context:

Memecoins face criticism for lacking intrinsic value, with some viewing them as celebrity-driven schemes. However, advocates suggest AI agents could drive a “memecoin renaissance” by adding utility.

The $TRUMP token’s performance has been lackluster compared to its peak, with onchain activity spiking after the dinner announcement but still down 79% from its all-time high.

Critical Note: While memecoins are rallying, their volatility and speculative nature carry significant risks. The political ties to certain coins, especially $TRUMP, raise ethical and legal questions, potentially influencing market stability. Always verify information, as X posts can contain unverified claims, and memecoin investments are highly speculative. (Grok)

Bull Market: Def

"Bull market" describes a financial market where prices are rising or are expected to rise. It commonly refers to the stock market but can be applied to anything that is traded, such as bonds, real estate, currencies, and commodities.

Markets and Cryptos

May 10, 2025
Sydney, Australia

Markets:

ASX futures up 12 points/0.2% to 8261
AUD +0.1% at US64.09¢
Bitcoin +1.8% to $US103,152
Dow -0.3%
S&P -0.1%
Nasdaq -0.00%
Gold +0.6% to $US3326.57 an ounce
Oil +1.7% at $US63.92 a barrel
Iron ore +0.5% at $US97.00 a tonne

Cryptos Today: (Near Live)

Bitcoin. $102,887.02 USD. - 0.18%
Ethereum. $2,331.30. +6.50%
Tether $1 USD -0.10%
XRP. $2.35. +1.83. +2.4%
BNB. $638.149. +2.35%
Solana. $172.18. +6.56%
USD Coin. $1 USD -0.17%
Dogecoin: $0.2045 USD +5.52%
TRON. $0.2562 USD +3.06%
Cardano $0.7801 USD +2.20%
Wrapped Bitcoin $102,930.51 -0.28%

News

Crypto News

Bitcoin Surges Past $100,000: Bitcoin reclaimed the $100,000 mark for the first time since February, driven by optimism around a U.S.-UK trade deal announced by President Trump and UK Prime Minister Keir Starmer. The deal, which includes a 10% U.S. tariff on UK goods and reduced UK tariffs, has fueled a broader market rally. Bitcoin was trading at $102,700 late Thursday, with analysts noting potential support at $100,000 and resistance near $107,000.

Other Cryptocurrencies Rally: Ether surged over 14% to $2,050.46, its highest since late March, while Solana and Dogecoin gained 10% and 12%, respectively. The total crypto market cap rose 2.5% to $3.09 trillion.

Stablecoin Bill Blocked: The GENIUS Act of 2025, aimed at regulating stablecoins, was stalled in the U.S. Senate on May 8 by Democratic lawmakers, citing concerns over President Trump’s ties to the crypto industry, including his family’s World Liberty Financial stablecoin venture.

German Seizure of Crypto Assets: German authorities seized €34 million ($38 million) in cryptocurrencies, including Bitcoin, Ether, Litecoin, and Dash, from the eXch platform, linked to laundering funds from Bybit’s $1.4 billion hack in February 2025.

SEC and Ripple Settlement: The SEC and Ripple filed a joint letter on May 8 to dissolve an August 2024 injunction against Ripple and return $75 million of $125 million in penalties held in escrow.

Trump’s Crypto Ventures: World Liberty Financial, a Trump-affiliated firm, unveiled a stablecoin and secured a $2 billion deposit deal with an Emirati fund. However, Democratic senators, including Elizabeth Warren, are pushing back against crypto legislation, alleging corruption tied to Trump’s crypto ventures.

Bitcoin Investment Moves: Strategy (formerly MicroStrategy) announced a $180 million Bitcoin purchase, adding 1,895 BTC, while a new whale withdrew $50 million in Bitcoin from Binance.

Ethereum Upgrades: Ethereum’s Pectra protocol upgrade went live on May 7, boosting investor interest. Analysts predict ETH could hit $5,925 in 2025, with long-term forecasts up to $15,575 by 2030.

Market Sentiment: The crypto market is in a transitional phase, with Bitcoin down 14% from its January 2025 high of $109,079. Analysts like Standard Chartered’s Geoff Kendrick forecast Bitcoin reaching $120,000 by Q2 2025 and $200,000 by year-end. (Grok)

News

A sharp crypto market awakening

Market Picture

TThe crypto market has added about 5.8% to its capitalisation over the past 24 hours, bringing it to $3.24 trillion. This is roughly the area where the market has been consolidating for most of February. A pause halfway to the area of historical highs above 3.50 looks like a logical respite. Back in November, the market surged without major pauses—but this time, the momentum appears more measured, with less of the earlier excitement.

The crypto market sentiment index reached 73, which is only a couple of steps away from extreme greed and is the highest since late January. Often, this is a working sentiment for continued growth.

Bitcoin has been reaching levels above 104000 this morning, adding an impressive 5% in the last 24 hours and 33% in 30 days. At current highs, all eyes are on how soon it will reach the all-time highs, which are less than 6% away, and whether or not it can overcome them outright. While similar rallies have broken records in the past, we still expect some consolidation near the highs before any decisive move higher.

The rocket of the last few days has certainly been Ethereum, which soared 23% in the last 24 hours, strengthening twice as fast as Bitcoin over the month. The technique worked perfectly. ETHUSD stomped around the 50-day moving average for a long time and rose in value by a third in less than two days to $2380. The rise to 2700 looks like an ‘easy part’ of the growth. Further upside will already have to be fought for.

News Background

On May 8, bitcoin's realised capitalisation reached a record $890.74 billion, which could indicate that BTC is poised for significant growth, CryptoQuant noted. The metric is the aggregate value of all coins in circulation based on the quotes at which they were last transferred.

Ethereum shows the best weekly performance in the top 20 cryptocurrencies. Nansen notes the accumulation of ‘smart money’ by institutions like Wintermute.

U.S. banks can perform crypto transactions on customer requests, provide custodial services through third parties, and generate tax returns on digital assets. This is stated in a clarification from the US Office of the Comptroller of the Currency (OCC).

Payments company Stripe has launched a product called Stablecoin Financial Accounts. It will allow businesses in 101 countries to hold balances in dollar-denominated Stablecoins and receive and send fiat and cryptocurrencies. (FxPro)

Best Quotes Of The Day

An investment in knowledge pays the best interest." — Benjamin Franklin

"Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows." — Jim Rogers

"Be fearful when others are greedy and greedy only when others are fearful." — Warren Buffett

Crypto and Markets Today

Cryptos Today: (Live/Near Live)

Bitcoin. $98,598.45 +2.10%
Ethereum. $1,838.50. +0.65%
Tether $1.00 USD -0.03%
XRP. $2.15. -0.04%
BNB. $606.22. -0.441%
Solana. $149.72. +2%
USD Coin. $.9997USD -0.03%
Dogecoin: $0.1766 USD +2.74%
Cardano $0.6901 USD -1.1896%
TRON. $0.2477 USD -0.03%

News

Crypto market tests range ceiling

Market Picture

Market capitalisation rose 1.7% in the last 24 hours to $2.98 trillion, approaching the upper end of the consolidation range where the market has been hovering for almost two weeks. The previous consolidation in April took about the same amount of time before the last move up. Rest after the rise may favour further growth.

Greed characterised market sentiment on Tuesday, with the corresponding index rising to 67, repeating the highs of May 2.

Bitcoin rose significantly on reports of events in India and Pakistan, briefly surpassing the $97.5K level. This growth momentum has not yet found support in other assets - gold is getting cheaper, and the equity index is mostly down. Perhaps the assault on local highs will continue soon. A consolidation above $98K may trigger a growth scenario up to $112K.

News Background

Riot Platforms, the fourth-largest bitcoin mining company by bitcoin reserves, mined 463 BTC in April and sold 475 BTC for $38.8 million. The firm sold coins from the reserve for the first time in about a year.

BlackRock's IBIT is the defining contribution to the ETF's positive performance. According to Lookonchain, BlackRock additionally purchased 5,613 BTC (over $529 million). The company now holds 620,252 BTC (worth over $58bn).

Bitwise investment director Matt Hougan said the crypto market could face difficulties this summer if the US Congress does not continue to work on profile bills. He noted a bill to regulate stablecoins, the passage of which has been delayed. (FxPro)

News

Crypto News

Price Movements: Bitcoin rose 3.2% to around $97,714, driven by optimism over potential de-escalation in US-China trade tensions, boosting demand for risk assets like cryptocurrencies. Ether also climbed 4.2%. However, Bitcoin recently pulled back from a January 2025 high of $107,000 amid tariff-related volatility.

Strategic Bitcoin Reserves: New Hampshire became the first US state to establish a Bitcoin and Digital Asset Reserve Fund, allowing up to 5% of state funds to be invested in Bitcoin or assets with a $500B+ market cap. Meanwhile, efforts in states like Florida and Arizona to create similar reserves have stalled, with bills withdrawn or vetoed. President Trump signed an executive order to establish a US strategic Bitcoin reserve, though skepticism persists, with investor Kevin O’Leary calling it unlikely.

Corporate Adoption: Strive Enterprises, co-founded by Vivek Ramaswamy, is merging with Asset Entities Inc. to form a Bitcoin treasury company, following Michael Saylor’s strategy. Saylor’s company, Strategy, recently acquired 1,895 BTC for $180.3 million, holding a total of 555,450 BTC.

Price Predictions: Binance founder Changpeng Zhao predicted Bitcoin could hit $500,000 or even $1 million in this bull cycle, potentially reaching a $19.8 trillion market cap. Other forecasts include $167,598 by year-end from Coinpedia and $250,000 by some Wall Street experts, though former Maryland Governor Martin O’Malley warned Bitcoin might be a Ponzi scheme.

Political Tensions: US Democrats, led by Maxine Waters, are scrutinizing Trump’s crypto ventures, blocking a digital asset bill hearing and launching inquiries into potential corruption tied to his cryptocurrency projects, including the $TRUMP meme coin.

Market Sentiment: Bitcoin’s resilience is supported by institutional interest and untapped issuance capacity among Bitcoin-holding companies, potentially driving significant price gains. However, macroeconomic factors and Federal Reserve rate decisions are creating volatility, with traders eyeing Fed Chair Jerome Powell’s statements for clues on future rate cuts.

Other Developments: The IMF now classifies Bitcoin alongside traditional reserves like gold, with governments holding an estimated 471,000 BTC worth $16.3 billion. Apple’s relaxation of App Store restrictions on crypto could spur adoption, while Trump’s pro-crypto policies, including promoting mining, are raising concerns about noise pollution from mining facilities. (Grok)

News

Markets:

Australian Dollar: $0.6430 USD (down $0.0060 USD)
Iron Ore June Spot Price (SGX): $98.25 USD (up $0.55 USD)
Oil (WTI): $57.95 USD (down $1.05 USD)
Gold: $3,364.45 USD (down $67.73 USD)
Copper (CME): $4.6200 USD (down $0.1350 USD)
Bitcoin: $97,096.63 USD (up 2.72% in last 24 hours)
Dow Jones: 41,113.97 (up 284.97 points)

News

Gold

Gold prices fell over 1% on Wednesday, May 7, 2025, pressured by a stronger U.S. dollar and easing U.S.-China trade tensions. Federal Reserve Chair Jerome Powell’s cautious remarks on the U.S. economy also disappointed traders, contributing to the decline. Spot gold dropped to around $3,350 per ounce after hitting a two-week high of $3,396.43 earlier in the week, driven by post-holiday buying in China and tariff concerns. Analysts suggest gold may stabilize near $3,200, with support levels at $3,351 and $3,304. Investors are focused on the Federal Reserve’s recent policy meeting outcomes, with no immediate rate cuts expected, potentially capping gold’s upside. Geopolitical tensions and safe-haven demand could support prices, but trade optimism may limit gains. Forecasts from JPMorgan and TD predict gold could reach $4,000 by mid-2026, averaging $3,675 by year-end 2025. (Grok)

Best Quotes Of The Day

Media

"The TV business is uglier than most things. It is normally perceived as some kind of cruel and shallow money trench through the heart of the journalism industry, a long plastic hallway where thieves and pimps run free and good men die like dogs, for no good reason." Hunter S. Thompson

Cryptos Today

May 4, 2025

Live/Near Live

Bitcoin $95,975 -0.51%
Ethereum $1,835.41 USD +0.09%
Tether $1.00 USD +0.12%
XRP $2.20 USD -0.84%
BNB $599.83 USD +0.03%
Solana $146.33 USD -1.55%
US Coin $1.00 USD +0.21%
Dogecoin $0.176 USD -2.70%
Cardano $0.7023 USD +0.67%
TRON $0.2476 USD -0.66%

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News

Trump Family's Crypto Ventures: The Trump family's wealth has surged by $2.9 billion due to crypto investments, including $TRUMP and $MELANIA meme coins and a stake in World Liberty Financial, a crypto exchange launched in October 2024. An Abu Dhabi-backed firm, MGX, is investing $2 billion in World Liberty’s stablecoin, marking a significant deal, though it raises ethical concerns about foreign influence.

Tether's U.S. Expansion: Tether, the largest stablecoin issuer, plans to launch a U.S.-based stablecoin in 2025. CEO Paolo Ardoino has been engaging with U.S. lawmakers to shape crypto regulations, reflecting a pro-crypto shift under the Trump administration.

Market Trends: Bitcoin is holding near $96,000, with altcoins showing mixed signals. The crypto market cap is around $3.1 trillion, driven by institutional inflows, including $4.2 billion into Bitcoin ETFs and $250 million into Ethereum ETFs. Ethereum and Solana are also gaining strength, with Bitcoin briefly surpassing Google’s market cap.

Regulatory Shifts: The U.S. SEC, under new leadership, is adopting a softer stance on crypto, dropping probes like the one into PayPal’s PYUSD stablecoin and pausing enforcement actions. The UK is aligning its crypto regulations with the U.S., introducing draft laws to regulate digital assets, aiming for clarity and consumer protection.

Industry Moves: Deribit, a major crypto options exchange, is eyeing U.S. expansion due to a friendlier regulatory climate. Competitors like Kraken and Coinbase are also expanding, with Coinbase potentially acquiring Deribit.

Other Developments: Truth Social is exploring a cryptocurrency for subscription payments and ETFs that include digital assets. Meanwhile, 1.8 million crypto tokens failed in Q1 2025, highlighting market volatility, particularly with platforms like http://Pump.fun

Wikipedia

Cryptocurrency

Bitcoin

The Australian Financial Review - Cryptocurrencies

Markets and Cryptos

May 2, 2025

Sydney, Australia

Markets:

ASX futures down 9 points/0.1% to 8153
AUD -0.3% at US63.86¢
Bitcoin +2.6% to $US96,560
Dow +0.7% S&P +1.2% Nasdaq +2.1%
Gold -1.9% to $US3227.23 an ounce
Oil +1.5% at $US61.95 a barrel
Iron ore -1.2% at $US95.20 a ton

Crypto Today:

Bitcoin. $96,857.23. 2.30%
Ethereum. $1,848.94. 2.43%
XRP. $2.2249. 0.71%
BNB. $599.84 USD +0.01%
Solana. $150.61 USD +2.64%
USD Coin. $1.00 USD -0.01%
Dogecoin. $0.1816 USD +4.87%

Crypto News

Ripple’s Regulatory Milestone: Ripple became the first blockchain-powered payments provider licensed by Dubai’s DFSA, enabling regulated cross-border crypto payments in the UAE, a key global trade hub.

XRP Market Dynamics: Despite a 30% price drop, XRP analysts highlight strong fundamentals and institutional integration, suggesting the dip may be a strategic shakeout before a potential rally to $3.

SoFi’s Crypto Push: Fintech SoFi plans to reintroduce crypto investing by year-end, leveraging new U.S. regulatory guidance. They aim to integrate blockchain across lending, savings, and payments within 24 months.

UK and US Regulatory Alignment: The UK announced draft rules to regulate crypto exchanges and dealers, aiming to align with the U.S. under Trump’s pro-crypto policies, despite EU concerns.

Stablecoin Developments: Visa and Bridge partnered to launch stablecoin-linked cards in Latin America, while Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank plan a dirham-backed stablecoin.

Worldcoin’s U.S. Entry: Sam Altman’s Worldcoin (now World) will debut in U.S. cities like Atlanta and San Francisco, offering its WLD token for identity verification via Orb scans.

Security Concerns: North Korea’s Lazarus Group is targeting crypto developers with malware through fake U.S. companies, escalating cyber threats.

Cryptocurency News, Comms, Tech, Politics, Buzz

April 14, 2025 (USA)

MicroStrategy's Bitcoin Investment Surge

Strategy, formerly known as MicroStrategy, has increased its Bitcoin investment by acquiring an additional 3,459 Bitcoins for approximately $285.8 million at an average price of $82,618 per Bitcoin. This purchase brings their total holdings to 531,644 BTC, with an average purchase price of $67,556 per Bitcoin, amounting to a total investment of about $35.92 billion. This move underscores Strategy's continued commitment to Bitcoin accumulation, achieving a year-to-date yield of 11.4% in 2025. (Grok)

News

Cryptos Today:

Pi Network. $0.7407. -1.07%
XRP. $2.14. -1.38%
Bitcoin. $84,578.00. -0.22%
Dogecoin. $0.1605. -3.55%
Shiba. $0.000012. -1.06%
Pi Network [IOU... pi. $0.7411. -1.01%
MEMES. $0.000100. +0.06%
Solana. $129.78. -1.17%

News

Strategy Acquires More Bitcoin

Strategy, formerly known as MicroStrategy, has increased its Bitcoin investment by purchasing an additional 3,459 BTC for approximately $285.8 million at an average price of $82,618 per Bitcoin. This acquisition brings their total Bitcoin holdings to 531,644 BTC, with an average purchase price of $67,556 per Bitcoin, valuing their portfolio at around $35.92 billion. This action highlights Strategy's continued strategy of using Bitcoin as a significant treasury reserve asset, reflecting a broader trend of institutional adoption in the cryptocurrency sector.

News

NVIDIA to Produce AI Supercomputers in USA for First Time

NVIDIA has announced it will manufacture its AI supercomputers in the United States for the first time, with plans to invest up to $500 billion over the next four years to expand AI infrastructure. This initiative includes the start of production for NVIDIA's Blackwell chips at TSMC's facilities in Arizona, alongside new factory developments in Texas with partners Foxconn and Wistron. (Grok)

News

Trump and Musk on Intelligence: Predicting the Future as the Ultimate Measure

Former President Donald Trump posted on Truth Social that 'the best definition of intelligence is the ability to predict the future.' This statement led to a broad online discussion where some supported the idea, suggesting it aligns with long-term strategic planning. Others critiqued it, proposing that intelligence might also encompass shaping or adapting to the future. The conversation included humorous takes and reflections on whether Trump's own actions reflect this definition of intelligence.

News

$PEPE at Two: Meme Coin's Milestone Sparks Community Celebration

$PEPE, a cryptocurrency with origins in internet memes, celebrated its second anniversary. Fans and investors expressed their enthusiasm online, highlighting how $PEPE has evolved from a meme into a notable movement within the crypto community. Many are optimistic about its future, with predictions of significant growth and reflections on its positive impact on their lives. (Grok)

News

Webull's IPO Surge: The $BULL Market Frenzy

The stock of WeBull, trading as $BULL, surged over 250% on its IPO day, leading to multiple trading halts due to volatility. Starting at under $30, it quickly rose to over $50, driven by a low float and high investor interest. Discussions among traders highlighted both the potential for further gains, with some predicting a rise to $100, and concerns about the sustainability of such rapid increases, drawing comparisons to other volatile IPOs like $NMAX. The trading community displayed a mix of excitement and caution, with many sharing their investment strategies and entry points, reflecting the dynamic and speculative nature of the stock's performance.

News

$PEPE at Two: Meme Coin's Milestone Sparks Community Celebration

$PEPE, a cryptocurrency with origins in internet memes, celebrated its second anniversary. Fans and investors expressed their enthusiasm online, highlighting how $PEPE has evolved from a meme into a notable movement within the crypto community. Many are optimistic about its future, with predictions of significant growth and reflections on its positive impact on their lives. (Grok)

News

EU-US Trade Talks Resume: New Deal on the Horizon

President Donald Trump announced that the European Union has initiated discussions for a new trade deal with the United States. This follows ongoing tariff-related negotiations, with recent comments from both sides indicating progress. EU trade negotiators have been actively visiting the U.S. to work towards a comprehensive agreement, with projections suggesting a potential deal before June. (Grok)

News

Investors hope for bounce as Trump backflips again

Futures pricing suggests that Australian equities will gain about 0.2 per cent when the market opens on Monday, after a positive lead from Wall Street. The Trump administration's is likely to remain a key focus for invesors in the coming week, following the decision to exempt smartphones, computers and components from the tariffs regime. Pershing Square Capital Management's CEO Bill Ackman says the technology exemption could be the could be the beginning of the end for the US-China trade war. The S&P/ASX 200 fell 0.8 per cent to 7,646.5 points on Friday. (RMS)

News

Nvidia says its working to make supercomputers entirely in US for first time

Nvidia (NVDA) announced on Monday it is "working with its manufacturing partners to design and build factories that, for the first time, will produce NVIDIA AI supercomputers entirely in the US."

"Together with leading manufacturing partners, the company has commissioned more than a million square feet of manufacturing space to build and test NVIDIA Blackwell chips in Arizona and AI supercomputers in Texas," said Nvidia in a blog post on Monday.

The company said NVIDIA Blackwell chips have started production at TSMC’s chip plants in Phoenix, Arizona.

"NVIDIA is building supercomputer manufacturing plants in Texas, with Foxconn in Houston and with Wistron in Dallas. Mass production at both plants is expected to ramp up in the next 12-15 months," said the post.

Share of the AI giant rose in pre-market as the overall market gained.

Cryptocurrency, Fintech, Biz, Metals, Comms and News

April 12, 2025

Cryptos Today:

BTC-USD. 85279.47. ( +2.25% )
AAPL. 198.15. ( +4.06% )
XRP-USD. 2.16. ( +6.66% )
ETH-USD. 1643.50. ( +4.87% )
SOL-USD. 132.26. ( +8.83% )

News

Crypto and gold are both alternative assets, but they differ significantly:

Crypto (e.g., Bitcoin, Ethereum):
Pros: Decentralized, high growth potential (Bitcoin up ~100% in past year as of Apr 2025), borderless transactions, tech-driven (blockchain). Some coins like Bitcoin have capped supply, mimicking scarcity.

Cons: Volatile (prices can swing 10-20% daily), regulatory uncertainty, energy-intensive (Bitcoin mining uses ~150 TWh annually), no physical backing, vulnerable to hacks/theft.

Use case: Speculative investment, digital payments, store of value for some.

Gold:
Pros: Stable (less volatility, ~10-15% annual return long-term), tangible, universal acceptance, inflation hedge (retains value over centuries), no counterparty risk.

Cons: Low growth (underperforms stocks/crypto in bull markets), storage costs, no yield (doesn’t generate income), less liquid for small transactions.

Use case: Safe-haven asset, portfolio diversification, jewelry/industrial demand.

Data point: As of Apr 2025, Bitcoin’s market cap ($1.5T) is ~10% of gold’s ($15T). Gold’s price is ~$2,600/oz, up 30% in 2 years; Bitcoin’s ~$75,000, up 150% in same period.

Verdict: Crypto offers higher reward/risk, suits tech-savvy speculators. Gold’s for stability, long-term wealth preservation. Mix depends on risk tolerance—younger investors lean crypto, conservatives prefer gold. (Grok)

News

China Raises Tariffs on U.S. Goods to 125% Amid Trade War

China has announced an increase in tariffs on all U.S. imports from 84% to 125%, effective April 12. This move is seen as a retaliation to the United States' earlier imposition of a 145% tariff on Chinese goods. The escalation marks a significant development in the ongoing trade war between the two nations, with potential implications for global trade dynamics and economic relations. (Grok)

News

ChatGPT Enhances Memory with 'Moonshine' Feature

OpenAI has introduced an update to ChatGPT that enhances its memory capabilities, allowing the AI to reference all past conversations to provide more personalized responses. This feature, known as 'Moonshine', is rolling out to Plus and Pro users globally, except in the EEA, UK, Switzerland, Norway, Iceland, and Liechtenstein. Team, Enterprise, and Edu users will gain access in the coming weeks. Users have the option to opt out of this feature at any time through the settings, maintaining control over their data and privacy. (Grok)

News

Crypto helped by dollar weakness

April 11, 2025

Market Picture

Crypto market capitalisation remained at $2.59 trillion on Friday morning, in line with the previous day's values, despite a dip to $2.50 trillion overnight and a subsequent recovery on Friday morning. This contrasts with the slide in stock indices because a falling dollar supports cryptocurrencies. Like a rising tide, the dollar's decline is lifting other assets.

Sentiment in the crypto market has returned to the extreme fear zone, sending the index to the 25 level.
Bitcoin has been rising since early Friday, climbing above $81.4K, after closing just below $80K on Thursday. However, the first cryptocurrency has yet to confirm a growth reversal. The key area along the way is the $85K level, where the 50-day moving average passes. Its overcoming will be an important confirmation of the bullish sentiment, while fluctuations below it will remain market noise.

XRP and Tron found support this week on the decline to the 200-day moving averages. This small but encouraging signal suggests that market participants are still adhering to a ‘buy on dips’ strategy, believing in the continuation of the bullish trend.

News Background

• A combination of on-chain metrics and technical indicators point to the need for Bitcoin to return above $93K to regain upward momentum, Glassnode noted. The correction has intensified selling by medium-term holdings, but their activity is slowing.

• New Bitcoin sell-offs are possible in the coming weeks, but the bear market is likely to start in September, according to ‘il Capo of Crypto’. The analyst attributes this to the expected process of ‘global economic reset’, which may be accompanied by a major crisis - the first in BTC history.

• The US Senate has approved the nomination of Paul Atkins to the post of SEC chairman. He is expected to focus on developing permanent standards for the regulation of digital assets.

• The SEC authorised the listing and trading of options on spot Ethereum-ETFs from BlackRock, Bitwise and Grayscale. In September, the regulator already gave a similar authorisation for derivatives based on BTC-ETFs.

News

Top 10 Memecoins This Week

Here's a list of the top 10 memecoins trending this week, based on market performance, community engagement, and recent price action as of April 13, 2025. Note that memecoin rankings can shift rapidly due to volatility and hype, so always do your own research before investing:

Dogecoin (DOGE)
Still the king of memecoins, holding strong with a massive community and consistent market cap dominance. Recent price stability keeps it at the top.
Market Cap: ~$1.65T

Shiba Inu (SHIB)
A long-time favorite, SHIB has seen renewed interest with ecosystem updates like Shiba Name Service. Its 300% weekly rally earlier this year lingers in investor memory.
Market Cap: ~$15B

Pepe (PEPE)
The frog meme coin continues to thrive, driven by viral social media buzz and a loyal community. It’s a top pick for speculative traders.
Market Cap: High-ranking, exact figures fluctuate

Official Trump (TRUMP)
Launched in January 2025, this Solana-based coin tied to Donald Trump has exploded due to political hype and exchange listings.
Market Cap: ~$38B

Bonk (BONK)
Solana’s dog-themed memecoin remains a community darling, with integrations across DeFi and NFTs boosting its appeal. Up 2.01% this week.
Market Cap: ~$2.3B

Floki Inu (FLOKI)
Evolving from a meme to a Web3 project with NFT and DeFi utility, Floki stays relevant with strong marketing and Elon Musk ties.
Market Cap: Growing steadily

dogwifhat (WIF)
A Solana-based memecoin with quirky branding, WIF rides the wave of dog-themed coin popularity and DEX trading volume.
Market Cap: Competitive in top 10

Fartcoin (FARTCOIN)
A humorous Solana coin gaining traction for its absurd branding. Up 35% recently, showing the power of meme-driven pumps.
Market Cap: ~$475M at $0.4755

SPX6900 (SPX)
Ethereum-based coin with a “flip the stock market” slogan. Its 8000% surge late last year keeps it in the spotlight.
Market Cap: ~$860M

Pudgy Penguins (PENG)

A newer entrant leveraging NFT community hype, PENG combines cute branding with growing exchange availability.

Market Cap: Rising fast
Notes:

Rankings are based on recent data and sentiment from sources like CoinGecko, CoinMarketCap, and X posts, but exact positions vary by source. Memecoins are highly speculative, and prices can crash as fast as they pump.

I avoided obscure coins like $FRADWARD or $RETARDIA mentioned on X, as they lack verified traction and could be pump-and-dump schemes.

Always check real-time data on exchanges like Binance, Coinbase, or DEXs like PancakeSwap, as memecoin volatility is extreme.

News

Dogecoin wins Media Meme 'Memecoin Of The Month' award

April 7, 2025

Cryptos Today

Pi Networkpi. $0.5583. +2.18%

XRPxrp. $1.83. -0.52%

Bitcoinbtc. $77,567.00. -1.15%

Bitcoin.?btc.? $0.3415. -0.67%

Dogecoindoge. $0.1426. -1.03%

Shiba Inushib. $0.000011. -0.88%

Pi Network [IOU... pi. $0.5606. +0.84%

MEMESmemes. $0.000104. -1.38%

Bitcoin and ether plunge

April 7, 2025

Cryptocurrencies sold off sharply heading into the week in Asia, underscoring a clear risk-off sentiment across markets.

Bitcoin shed about 7 per cent of its value from Sunday night through to Monday morning in Singapore to reach a low point of $US77,077. Second-ranked token ether plummeted to $US1538, an intraday low not seen since October 2023. The losses come as US President Donald Trump dug in on sweeping tariffs that have already wiped trillions in value from US equities. US equity-index futures slumped, and the yen surged in a sign of deepening turmoil throughout financial markets.

Coinglass data show about $US745 million worth of bullish crypto wagers were liquidated in the past 24 hours, the most in nearly six weeks. Options markets suggest the selling pressure may continue “with the skew for puts picking up considerably”, said Sean McNulty, head of APAC derivatives at digital-asset prime brokerage FalconX. Key support levels for bitcoin and ether are $US75,000 and $US1500 respectively, he added.

Digital assets had shown some resistance to the panic that roiled markets after Trump first unveiled his tariff program, hinting at a possible breakaway from the gravitational pull of technology stocks. Monday’s sell-off may spell an end to that.

Crypto, Markets, Comms, News Media and Politics

April 4, 2025

Crypto did not give up trying to find the bottom

Market Picture

The crypto market cap fell below $2.65 trillion twice during the week. The market was below the $2.60 trillion level in November. The ability to consolidate above it was an important signal for the start of the rally. The market will likely defend this, which promises a prolonged battle near these levels. However, the balance is now on the side of the bears as the capitalisation index is moving away from its 200-day average. This is an important signal for large funds to reduce their investments in the sector.

The Cryptocurrency Sentiment Index spent the entire week in fear territory, ending in extreme fear at 25—the lowest level in three and a half weeks. However, these readings are not low enough to suggest oversold conditions, which should discourage sellers.

Bitcoin jumped to $88K in reaction to the tariff announcement, only to soon fall back below $82K. In the short term, it looked like another wave of selling to the upside. We have been seeing this trend since the second half of February. Technically, this is a continuation of the struggle with the major moving averages. The market is failing to consolidate above the 200-day MA, and the 50-day MA stopped rising intraday on Wednesday. As much as crypto enthusiasts would like it to be otherwise, the bears are in control of the market for now.

News Background

Nansen estimates that the crypto market has a 70% chance of forming a local bottom in the next two months amid global uncertainty over trade tariffs.

GameStop raised $1.5 billion by issuing convertible notes. The proceeds will be used to buy Bitcoin and for corporate purposes. The company's management approved the strategy on 25 March.

According to CryptoQuant, in the first quarter of the year, companies around the world added nearly 91,800 BTC (more than $7.7 billion) to their reserves. Meanwhile, selling by long-term investors and capital outflows from bitcoin ETFs prevented the asset from growing.

JPMorgan noted that March was the worst month for miners. The 14 largest US-listed bitcoin miners lost 25% of their market capitalisation (around $6 billion) last month. (FxPro)

News

Metaplanet Boosts Bitcoin Holdings with ¥2.63 Billion

On April 3, 2025, Japanese public company Metaplanet announced it had raised ¥2.63 billion, approximately $17.8 million USD, to purchase additional Bitcoin. This move increased their Bitcoin holdings to 4,206 BTC, following a recent acquisition of $13.6 million worth of Bitcoin. Metaplanet's actions reflect a continued interest in Bitcoin among institutional investors. (Grok)

News

Block Working on Bitcoin Integration for Square Terminals

Jack Dorsey, CEO of Block, has confirmed that the company is actively working to integrate Bitcoin payments into their Square terminals. This initiative aims to enable approximately 4 million merchants who use Square to accept Bitcoin payments. The development is part of a broader effort to enhance the adoption of Bitcoin in mainstream financial transactions, although no specific timeline for the implementation has been provided. (Grok)

News

Oil plummets the most since 2023

Oil tumbled the most since 2023 after suffering a twin hit from President Donald Trump’s tariffs and an OPEC+ decision to increase output faster than previously announced.West Texas Intermediate futures plunged as much as 7.4 per cent to trade below $US67 a barrel, while global benchmark Brent plummeted as much as 6.9 per cent to slip below $US70.Trump’s deluge of tariffs is creating fresh doubts about the outlook for the global economy, with levies against major crude importers such as China and India coming in more aggressive than feared. Although the administration steered away from actions that would directly affect oil markets — such as refraining from measures that would curb flows from Canada and Mexico — concerns that the trade war will sap global energy demand hammered prices.

News

Australia

PM, Dutton vow to reason with Trump

Prime Minister Anthony Albanese said on Thursday that President Donald Trump's decision to impose a 10 per cent tariff on Australian imports is "unwarranted", while Opposition leader Peter Dutton claimed that the "outcome would have been different" if he had been PM. Both Albanese and Dutton said they plan to visit the US if they win the 3 May election to try to persuade Trump to reverse his decision. However, both leaders ruled out negotiating on issues such as Australia's biosecurity ban on US beef and the Pharmaceutical Benefits Scheme, which have been cited by the US as being grievances against Australia. (Roy Morgan Summary)

News

The tiny Australian islands no one expected to draw Trump's fury

Located around 4,000 kilometres south-west of Perth and home to Australia's only two active volcanoes, Heard and McDonald islands are an Australian external territory with no record of any exports to anywhere. However, they have been hit with 10 per cent tariffs as part of US President Donald Trump's 'Liberation Day' tariff impost, while Australian officials were very surprised that he hit Australia's external territory of Norfolk Island with a 29 per cent tariff. It officially recorded $411,000 in leather shoe exports in 2023, but a government official said it has no known exports to the US, and no tariffs or known non-tariff barriers on goods coming to Norfolk Island.

News

Manufacturing ISM: inflation up, activity down

Tuesday's ISM Manufacturing Indicator confirmed a worrying divergence in the US economy: economic activity is down, and inflation is rising. Often, the latter follows the former, but not now. A prolonged period of such dynamics is called stagflation, and it forces the Fed to make difficult choices in its dual mandate.

The ISM manufacturing business activity index fell from 50.3 to 49 last month. Strictly speaking, this is contractionary territory for the sector's activity, but due to the greater resilience of the service sector, historically, US GDP has declined when the indicator falls below 42.3.

The price component climbed to 69.4, recording its highest value since mid-2022. Unlike the episode three years ago, this has nothing to do with the economy overheating. We recall that the University of Michigan previously noted a sharp jump in consumer inflation expectations, both one year and five years ahead. If we focus only on these indicators, the central bank should have prepared to raise the rate or actually hike it.

But at the same time, business activity and consumer sentiment are creeping down. Tuesday's data marked the employment component falling deeper into the below-50 area. The rate has been below that level for 16 of the last 18 months. This is a very worrisome signal for industrial production and is alarming relative to Friday's labour market data. In addition, the components of production and new orders have been in contractionary territory and inventories are rising. These are all signs of weakening demand. This set of components suggests the need for a rate cut.

Which side will the Fed choose? We are more accustomed to a relatively lenient Fed, which carries risks for the dollar. If the news continues in a similar vein, the USD may return to decline after stabilising and rebounding in the second half of March. This scenario will be technically confirmed if DXY slides below the previous lows at 102.8 with a near-term downside potential of 99-100. (FxPro)

News

Australia

Albanese vows to defend media bargaining code

Prime Minister Anthony Albanese says the federal government stands by the nation's news media bargaining code, which was introduced by the Coalition in 2021. The media code was among a list of trade grievances with Australia that US President Donald Trump recently identified. Albanese also emphasised that local content quotas for US-based streaming services and social media age restrictions will also be non-negotiable in any talks with the US over Trump's reciprocal tariffs. (Roy Morgan Summary)

News

Australia

Netflix rival Max rolls out in Australia with bold profit prediction

The global boss of Australia’s newest streaming service, Max, has declared the platform will turn a profit within two or three years and will not rule out making local acquisitions where it makes sense.

Jean-Briac “JB” Perrette, who is the international chief executive of streaming for Warner Bros Discovery, the company that owns Max, Warner Bros, HBO, CNN, the DC Comic universe, Harry Potter and dozens more brands and channels, was visiting Sydney to launch Max, which went live in Australia on Monday.

The arrival of Max has already shaken up the local media market. It ended a 20-year output deal with Foxtel that meant HBO shows such as Game of Thrones, Succession and The Wire were pulled from Foxtel’s streaming service, Binge.

It also enters a crowded streaming market that is dominated by Netflix (6.2 million subscribers), Amazon Prime Video (4.8 million) and Disney+ (3.1 million), according to independent research firm Telsyte.

The cheapest, advertising-supported tier of Max, formerly known as HBO Max, will be free to Foxtel’s 1.4 million cable customers. Research firm Ampere Analysis estimated roughly half of Foxtel’s customers would subscribe. (AFR). Full article and coverag via subscription to The Australian Financial Review

News

Elon Musk to Remain Advisor Post-DOGE Initiative

Elon Musk will continue to serve as an advisor to President Trump and Vice President JD Vance after completing his initial six-month term with the DOGE initiative. His role has focused on improving government efficiency and addressing issues such as fraudulent grants and Social Security payments. Despite earlier reports suggesting his departure, Vice President Vance has confirmed that Musk's advisory role will persist beyond his current position. (Grok)

News

Newsmax Rings NYSE Bell for IPO Milestone

On April 3, 2025, Newsmax celebrated its initial public offering by ringing the opening bell at the New York Stock Exchange. The event was attended by Newsmax CEO Chris Ruddy, along with various team members and guests, including Rudy Giuliani. The IPO marks a significant milestone for the media company as it goes public under the ticker symbol $NMAX.

News

Markets

Australian Dollar: $0.6316 USD (up $0.0026 USD)
Iron Ore May Spot Price (SGX): $101.25 USD (down $1.75 USD)
Oil Price (WTI): $66.74 USD (down $5.40 USD)
Gold Price: $3,108.12 USD (down $14.19 USD)
Copper Price (CME): $4.8135 USD (down $0.2785 USD)
Bitcoin: $81,965.73 USD (down 4.82% in last 24 hours)
Dow Jones: 40,545.93 (down 1,679.39 points)

News

Best Quotes Of The Day

"Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential." — Marc Kenigsberg

"Blockchain is the biggest opportunity set we can think of over the next decade or so." — Bob Greifeld

"Blockchain is the most disruptive technology I’ve seen in decades." — William Mougayar

"Blockchain will do for trusted transactions what the internet did for information." — Ginni Rometty

"Blockchain is the future of financial transactions." — Blythe Masters

"Blockchain technology is a way to truly democratize power and wealth." — Laura Shin

"Decentralization is the keyword for blockchain’s value proposition." — Vitalik Buterin

"The great thing about blockchain is that it has the potential to create new industries." — Patrick Byrne

"Blockchain’s transparency makes it the perfect tool for accountability." — Balaji Srinivasan

"Blockchain is the backbone of the internet of value." — Don Tapscott

News

Cryptos Today

BTC. $82,012.32. 4.29%
ETH. $1,784.70. 5.06.
USDT. $0.9995. 0.05%
XRP. $2.0595. 3.19%
BNB. $587.96. 2.41%
USDC. $0.9999. 0.00%
SOL. $115.55. 9.90%
DOGE. $0.1588. 7.69%

News

X wins Media Man 'Platform Of The Month' award

Media Man Business Blog

Media Man News Blog

FOX Business - Cryptocurrency

Google Finance - Cryptocurrencies

Yahoo Finance - Cryptocurrencies

The Australian Financial Review - Cryptocurrencies

CoinTelegraph CoinDesk.com Bitcoin.com - News

Bitcoin - Wikipedia Cryptocurrency - Wikipedia

Blockchain.com - News

FOX Business FOX News - US Economy

News Trends Bitcoin News Cryptocurrency News

Crypto, Fintech, Markets, News and Politics via Media Man

March 12/13, 2025

The crypto bounces back from extreme fear

Market picture

The cryptocurrency market bounced 2% in the last 24 hours to $2.67 trillion. So far, the situation looks like a small rebound after the collapse. We should not talk about the beginning of recovery as long as the market is below its 200-day moving average of $2.83 trillion.

Sentiment in the crypto market has shifted from dread to fear at 34. The indicator was last higher more than three weeks ago, indicating that now is a good time to buy. However, it's worth paying attention to the nervous stock market before considering investments in more volatile cryptocurrencies.

Bitcoin was climbing above $83,000 on Tuesday, hitting resistance in the form of the 200-day moving average. If a long-term trend line is repurposed as resistance, that's a worrisome bearish fact.

Ethereum ended Tuesday with growth and was trading near $1900 at the start of Wednesday, but this is a timid rebound within the steep peak the coin has been in since February 24th and the broader downtrend of the past three months.

News Background

CryptoQuant states a sharp drop in open interest in Bitcoin and Ethereum futures, suggesting a ‘leverage washout’ and a chance of market stabilisation. The Kobeissi Letter admits a wave of short position unwinding in risk assets after extreme fear levels are reached.

Clearstream, the post-trading arm of Deutsche Börse, will offer cryptocurrency settlement and custody services to institutional clients as early as next month, starting with Bitcoin and Ethereum. It then plans to add support for other cryptocurrencies and services for staking, lending and brokerage.

Glassnode notes that Solana fell below its realised price of $134 for the first time in three years. The metrics show the average cost for investors to purchase the coin.

According to Arkham Intelligence, on 11 March, bankrupt exchange Mt. Gox transferred 11,501 BTC (~$905 million) to an unknown address. Mt. Gox-related addresses hold a total of 35,915 BTC worth $2.89bn. (FxPro)

News

SEC vs Ripple Case: Negotiations Underway for Settlement

Recent developments indicate that the legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could be nearing a conclusion. Reports suggest that Ripple's legal team is currently negotiating more favorable terms related to a $125 million fine and an injunction on XRP sales to institutional investors. The anticipation of a settlement has led to increased interest and speculation within the cryptocurrency community regarding the outcome and its potential impact on XRP. (Grok)

News

U.S. Plans Strategic Bitcoin Reserve Acquisition

Senator Cynthia Lummis has reintroduced the BITCOIN Act, which proposes that the United States government purchase one million Bitcoins over five years to create a strategic reserve. This legislative move reflects a growing acknowledgment of Bitcoin as a digital asset for national economic strategy, garnering support from both traditional financial sectors and cryptocurrency advocates. Alongside this, there is an ongoing debate about the implications, risks, and potential benefits of such a reserve. (Grok)

News

Trump's Crypto Banking Deregulation

President Donald Trump is reportedly planning to sign an executive order that would reverse regulations set by the Biden administration aimed at restricting banking activities for cryptocurrency firms. This move could impact how crypto companies interact with the Federal Reserve, potentially leading to greater integration of cryptocurrencies within the traditional financial system. (Grok)

News

Rumble's Strategic Bitcoin Acquisition

Rumble, a video platform and competitor to YouTube, has announced the purchase of 188 Bitcoins for approximately $17.1 million. This acquisition is part of Rumble's strategy to integrate Bitcoin into its treasury management, aiming to hedge against inflation and participate in the growing trend of corporate cryptocurrency adoption. The move reflects a broader acceptance of Bitcoin as a legitimate financial asset among companies. (Grok)

News

Trump Predicts Market Surge Amid Economic Indicators

President Trump has publicly stated his belief that the U.S. financial markets are poised for significant growth, making his comments at an event with business leaders. This optimistic forecast follows recent economic indicators showing inflation cooling to levels not seen in years, despite mixed responses from markets regarding Trump's economic policies including tariffs. (Grok)

News

Ethereum's Lowest BTC Ratio Since 2020 Triggers Liquidation Risk

The Ethereum Foundation faces potential liquidation of over $100 million in assets if Ethereum's price drops to $1,100, amidst a historic low in the ETH/BTC trading ratio not seen since May 2020. This financial maneuver is part of Ethereum's strategy to manage its treasury through decentralized finance (DeFi), highlighting both the risks and innovative approaches to crypto-asset management in a volatile market. (Grok)

News

Gold funds burst out of the blocks in 2025 as returns rocket

Australian gold funds are shaping up for a bumper year as mining companies start to capitalise on record prices, helping the stocks to finally catch up to the performance of the precious metal.

Portfolio managers were left frustrated last year after a jump in production costs held back ASX-listed gold producers from riding the rally in the spot prices to record levels. The VanEck Gold Miners exchange-traded fund climbed nearly 20 per cent in 2024 versus a 38 per cent rally for the gold price in Australian dollars.

But easing cost inflation that has plagued the mining sector for the last three years and an ongoing surge in prices has seen the trend reverse course. VanEck’s Gold Miners ETF is up 17 per cent already this year while the Aussie dollar spot price has climbed 6.3 per cent.

Local fund managers are bullish that gold has much further to run after the US dollar price climbed above $US2942 an ounce for the first time and the Australian dollar gold price breached $4500 an ounce.

Victor Smorgon Partners’ Resource Gold Fund returned a chunky 13.3 per cent in January and portfolio manager Cameron Judd believes the valuations of ASX gold stocks still don’t reflect the outlook for the yellow metal.

“Gold’s performance in times of uncertainty or crisis could see it push towards $US3600,” Mr Judd said. “Despite the strong gold price performance and fundamentals supporting further appreciation, gold miners are trading at discounted valuations on the ASX.”

Wall Street’s biggest banks believe a $US3000 price tag is imminent. Citi said it was possible within the next three months, while JPMorgan has a year-end target of $US3150. Bank of America said on Thursday that gold could reach $US3500 an ounce if investment demand rises 10 per cent this year.

The unprecedented surge in the gold price has been fuelled by investors seeking safe haven assets as US President Donald Trump unleashes aggressive trade and geopolitical policies. There are fears the president will accelerate inflation, forcing central banks to raise rates in a way that damages global growth.

Victor Smorgon’s top holdings include ASX-listed Vault Minerals and the world’s largest gold miner, US-based Newmont, which recently acquired Newcrest. The fund also owns Australia’s biggest gold miner Northern Star, which agreed to buy rival De Grey in a $5 billion deal. (AFR) *Full article and coverag via subscription to The Australian Financial Review.

News

Australia

Northern Star paying top dollar for gold rival

Northern Star has offered $5 billion to buy De Grey Mining, with De Grey shareholders to vote on the offer on 16 April. De Grey is the company behind the Hemi gold prospect in Western Australia, which is thought to hold at least 11 million ounces of gold and which is slated to produce 530,000 ounces annually in its first decade of operation. KPMG, which was engaged to provide an independent assessment of Northern Star's offer, has valued DeGrey at between $4 billion and $4.79 billion, inclusive of a premium for control. It concludes that the offer is "fair and reasonable and therefore is in the best interests of De Grey shareholders, in the absence of a superior proposal". (Roy Morgan Summary)

News

March 12, 2025

Crypto market tumbles after stocks

Market picture

Crypto market capitalisation has been falling to $2.5 trillion following the rumbling fall of the US stock market. It is dipping below the peaks of early 2024 and late 2021. Previously, a similar decline would complete a corrective pullback, attracting buyers. However, the chances of such an outcome are now lower than in previous years due to the powerful influence of traditional financial companies, which has strengthened the link between the crypto market and stock dynamics.

For now, though, we can argue that there is less terror in crypto. The Fear and Greed Index is at 24 (+4 points for the day), while the low point was a week earlier at 10.

Bitcoin slipped towards $76.5K in the early hours of Tuesday but has popped above $80K at the time of writing, approaching Monday’s consolidation levels. A bearish pattern persists on the daily timeframes, which suggests a strengthening sell-off after a failure under the 200-day moving average. The scenario of a pullback to the $70-74K area still looks the most probable for us. This is all the truer as the consolidation and rebound in early March has taken the short-term oversold stance out of the market.

Ethereum is trying to find a pivot point after falling towards $1750 at the start of Tuesday. These were the lowest values in the last 17 months. On weekly timeframes, the RSI oscillator hit its lowest point since mid-2022 - near the bottom of the bear market. Does this signify an opportunity for the recklessly bold or a breakdown in the leading altcoin? We will find out in the coming days.

News Background

According to CoinShares, global crypto fund investments fell by $876 million last week after record outflows of $2.911 billion a week earlier. Investments in Bitcoin fell by $756 million; in Ethereum, by $89 million. Investments in Solana rose by $16 million, in XRP by $6 million, and in Sui by $3 million.

As a result of another recalculation, Bitcoin mining difficulty increased by 1.43% to 112.15T. The growth did not compensate for a 3.15% drop two weeks ago. However, the figure came close to the all-time high of 114.17T reached in January.

Strategy (former MicroStrategy) intends to raise $21bn through the sale of preferred shares as part of its At-The-Market program. The proceeds will be used to buy Bitcoin and other corporate purposes. (FxPro)

News

March 11, 2025

US Senator And Congressman Introduce Strategic Bitcoin Reserve Bills To Buy One Million BTC

Speaking at the “Bitcoin for America” summit, lawmakers announced their plans to create a federal bitcoin reserve that would see the U.S. buy one million BTC.

Today at the Bitcoin Policy Institute’s “Bitcoin for America” summit in Washington DC, U.S. Senator from Wyoming Cynthia Lummis announced that she is going to reintroduce her strategic Bitcoin reserve legislation in the Senate today.

“I am so pleased to announce that today I will be reintroducing The Bitcoin Act,” Senator Lummis stated. “And I’ll be joined here shortly by Senator Justice of West Virginia, who is one of the cosponsors. And we have several other additional cosponsors. And a lot of it is a result of the excitement that’s been building.” (Bitcoin Magazine). *Full article via Bitcoin Magazine

News

XRP wins Media Man 'Crypto Of The Month' award

News

Markets

Australian Dollar: $0.6317 USD (up $0.0020 USD)
Iron Ore Apr Spot Price (SGX): $100.60 USD (up $0.15 USD)
Oil (WTI): $67.70 USD (up $1.14 USD)
Gold: $2,931.74 USD (up $13.03 USD)
Copper (CME): $4.8425 USD (up $0.0500 USD)
Bitcoin: $82,880.91USD (up 0.32% in last 24 hours)
Dow Jones: 41,350.93 (down 82.55 points)

News

Roy Morgan wins Media Man 'News Services Company Of The Month' award

News Media

Australia

Peter Dutton More Crypto Friendly And Switched On Than Albanese (Media Man Group)

News

"Dutton A Genuine Contender" (Sky News Australia)

March 10, 2025

ASX futures are pointing up 69 points, or by 0.9 per cent, to 8011.

All US prices are as of 4.15pm Sunday in New York:

Bitcoin -3.7% to $US83,138
On Wall St: Dow +0.5% S&P +0.6% Nasdaq +0.7%
VIX -1.5 to 23.37
Gold -0.1% to $US2909.10 an ounce
Brent oil +1.3% to $US70.36 a barrel
Iron ore +0.3% to $US100.70 a tonne
10-year yield: US 4.3% Australia 4.4%

January 10, 2025

ASX futures up 33 points or 0.4%

AUD -0.3% to 61.98 US cents
UK pound -0.4% to $US1.2309
Bitcoin -2.9% to $US91,275 at 7.23am AEDT
US markets closed for Jimmy Carter’s funeral
Stoxx 50 +0.4% FTSE +0.8% DAX -0.1% CAC +0.5%
Spot gold +0.3% to $US2671.00/oz at 1.55pm in New York
Brent crude +1.2% to $US77.08 a barrel
Iron ore +1% to $US97.40 a tonne
10-year yield: US 4.69% Australia 4.48% Germany 2.56%
US prices as of 1.59pm in New York

X - Grok Ramps Up Cryptocurrency News Coverage With Major Donald Trump Launch With World Liberty Financial (WLFI); Media Man - Excellent Timing For News Cycle And U.S Election; Some Mainstream Media Will Have Little Choice But To Cover; X And Online News Sending News Global: Media Man

News

Trump to Launch Crypto Token Sale

Former U.S. President Donald Trump is set to launch a cryptocurrency token sale through his project named World Liberty Financial (WLFI) on Tuesday, October 15th, 2024. This initiative marks Trump as the first U.S. president to introduce a personal cryptocurrency. The token sale will be exclusive to accredited investors and will integrate with the Ethereum mainnet via the Aave protocol. Trump has announced an exclusive online event on Monday, October 14th at 8 AM EST to discuss the project further. This move into cryptocurrency by Trump has sparked discussions about its potential impact on the crypto market and its timing with political events. (Grok)

News

Trump's Crypto Token Launch

Former U.S. President Donald Trump is set to launch a cryptocurrency token sale through his project, World Liberty Financial, on Tuesday, October 15th, marking him as the first U.S. president to introduce a personal cryptocurrency. The token sale will begin with an exclusive event on Monday, October 14th at 8 AM EST, detailing the project's implications for finance. The cryptocurrency will be integrated with the Ethereum mainnet via the Aave protocol. Trump has also been accepting cryptocurrencies like XRP for his campaign, indicating a broader engagement with digital currencies. This initiative has generated significant interest and discussion within financial and cryptocurrency communities. (Grok)

Newswires

Trump Media stock soars after sudden reversal in election odds

October 13, 2024

Shares of Trump Media and Technology Group, the parent company of Truth Social, have jumped over the past week as betting markets started tilting toward former President Donald Trump.

On Friday, the stock surged 4.8% to close at $25.28, up 53% from last Friday's closing price.

That coincided with a broad improvement in Trump's odds of victory on top betting sites. For example, Vice President Kamala Harris was in the lead last weekend on PredictIt, then was tied by Wednesday, and was overtaken by Trump the following day.

Similarly, Harris had a slight edge on Oct. 4 on Polymarket, but lost it over the weekend, with Trump widening his lead throughout the following week. As of now, it shows 55% for Trump and 44.7% for Harris.

And on Kalshi, Harris and Trump were largely neck and neck, but Trump began pulling ahead by mid-week and now leads 53% versus 47%.

Meanwhile, renowned data scientist Thomas Miller, a professor at Northwestern University, also told Fortune's Shawn Tully on Thursday that Trump’s odds surged over the past week, giving him a two-vote electoral college lead.

He maintains that his model, which is guided by political betting data, is a much better forecaster than following the individual polls.

While nationwide opinion polls haven't seen a dramatic reversal, with Harris clinging to a narrow lead, polls in the key swing states of Michigan, Wisconsin, and Pennsylvania show her advantage shrinking while Trump has held onto leads in other battlegrounds like Georgia and North Carolina.

Trump Media shares have already been on a wild ride this year, acting like a barometer of Trump’s election prospects. The stock skyrocketed following Trump’s first debate with President Joe Biden in June and again after Trump survived an assassination attempt in July.

But after Biden stepped aside and Harris took his place in the presidential race, Trump Media stock tumbled. Shares sold off further last month as the end of the lockup period approached, allowing company insiders to sell their shares.

Then last month, Trump said he would not sell his stock, dampening speculation that he would cash them out to cover legal or campaign expenses. Since hitting a low on Sept. 23, Trump Media stock has leapt 115%.

Trump owns about 59% of the outstanding shares, meaning his stake is now worth nearly $3 billion. (Wires, A.I News)

News Flashback By Popular Demand

Crypto And Politics

Gonzo Bitcoin Scribes With Gonzo, A.I And Grok

Wrestling With Crypto, BTC News And Power To The People; President Trump Looking For A Win-Win-Win situation

And The Crowd Roars Wild For Crypto Friendly Polies

In Case You Missed It

By A. Media Scriber. With assistance from A. Bot (Grok Chapter)

July 28, 2024

Trump vs Harris on cryptocurrency

For The U.S And World Wrestling Crypto Heavyweight Title

The Trumper Will continue to promote and lift bitcoin

Trump planning to establish a U.S. bitcoin stockpile, set up a crypto advisory council akin to Wrestlers Court

Former (to some) President Donald Trump on Saturday body slammed Vice President Kamala Harris over the Biden administration’s approach to cryptocurrency regulation and announced a sweeping set of industry-friendly policies, as he sought to win over the bitcoin mob.

Speaking at a major crypto conference in Nashville, Tennessee, Bitcoin 2024 (WrestleMania for Cryptos) Trump sought to hog tie Harris to the Biden administration’s rugged regulatory approach to the digital asset industry. Though Harris hasn’t taken a public position and her team is ramping up outreach to the crypto world, Trump said she is “against crypto.”

Every Babyface Needs A Villain/Heel

Trump endorsed an array of policies to boost crypto firms.

Bullet Points

Have the U.S government hold a stockpile of bitcoin, creating a crypto advisory council, installing a crypto-friendly Securities and Exchange Commission chair and ock blocking the Fed Reserve from creating its own digital currency.

“I pledge to the bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’ anti-crypto crusade will be over,” he said.

“The moment I’m sworn in, the persecution stops and the weaponization ends against your industry.”

Trump’s grand and most welcome appearance at the Bitcoin 2024 conference cemented his embrace of the crypto industry, which is lobbying hard in downtown Washington and planning to spend more than a whopping $160 million to sway this year’s elections. And you thought that stakes were high in WWE's 'Money In The Bank'. How about a crypto title Triple H? Matt Cardona had the Internet Title - we know.

The emergence of Harris after Joe may have been caught in a sleeper hold is likely to complicate his pitch and may throw a ring spanner in the world. Her campaign is showing signs of opening up to the industry, and some Democrats are pushing her to break from the Biden administration’s more skeptical approach.

Trump vowed to terminate SEC Chair Gary Gensler, who has pursued a series of high-profile crypto enforcement actions and has sternly warned that digital asset trading poses big investor risks. Trump also pledged to enact policies to support stablecoins, a type of cryptocurrency pegged to other assets like the dollar.

“We will have regulations, but from now on the rules will be written by people who love your industry, not hate your industry,” he said.

Trump was offered raucous applause and crowd pop, including when he vowed to sack Gensler.

“I didn’t know he was that unpopular,” Trump said.

Trump heaped praise on the crowd, calling them “highly intelligent,” and criticized crypto skeptics like Senator Elizabeth Warren (D-Mass.), whom he singled out by name.

“The Biden-Harris administration’s repression of crypto and bitcoin is wrong, and it’s very bad for our country,” he said.

Trump himself is a former crypto critic, but he did not acknowledge his past comments in his particular speech. He penned in 2019 that he was “not a fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”

Trump started embracing the crypto industry in May. He has since cashed in on his crypto stance, hosting crypto executives at fundraisers and his Mar-a-Lago resort.

Ahead of his speech on Saturday, Trump participated in a fundraiser at the bitcoin conference with an $844,600 asking price to attend a VIP reception, roundtable and to snap a mug shot er photo with the former president, according to an online invitation. A lower-tier ticket that went for $60,000 per person or $100,000 per couple allowed attendees to just attend the reception and get a snap a pic with The Trumpster.

Trump, who appeared on stage Saturday afternoon after an extensive delay, singled out several figures in the crypto world at the start of his speech. They included the Winklevoss twins, whom he dubbed “male models with a big beautiful brain,” Rep. French Hill of Arkansas, who is vying to lead the House Financial Services Committee next year, and David Bailey, who organized the conference.

So fans, you got the winning ticket, your Trump collectables, now you've heard The Hulkster's promo at the RNC. Now we just need the traditional title of President Of The United States, and Commander In Chief sounds good as crypto gold too.

A bullet proof boss, crypto friendly, freedom of speech, and pro actively draining the swamp while giving back power to the people. This trend may just catch on globally. We might need an NWA (National Wrestling Alliance) type group, and they can lock horns with the NWO, much like the famed World Championship Wrestling vs New World Order tussles of the past. DT For The Win! Some of the names change, but the ultimate goal largely remains the same - Freedom!

Special thanks: Bitcoin Magazine/Bitcoin 2024/Bitcoin 2024

Team Donald Trump

WWE, TKO Group, NWA

Hunter S. Thompson (the late)

Grok, X Corp

Trump Trading Cards

The Readers - that means you sport!

News

Bitcoin 2024 (via Grok)

The anticipation around Bitcoin in 2024 is palpable, driven by several key events and trends:

Bitcoin Halving: Scheduled for April 2024, this event reduces the reward for mining new blocks by half, from 6.25 BTC to 3.125 BTC. Historically, halving events have led to significant price increases due to the reduced supply of new bitcoins entering the market. Analysts and enthusiasts expect this trend to continue, potentially pushing Bitcoin's price to new heights.

Spot Bitcoin ETFs: The potential approval of spot Bitcoin Exchange Traded Funds (ETFs) in the U.S. is seen as a major catalyst. Such financial products could bring a flood of institutional money into Bitcoin, enhancing its liquidity and acceptance as an investment vehicle. This move could significantly impact Bitcoin's price by making it more accessible to retail and institutional investors who prefer regulated investment products.

Macroeconomic Factors: With concerns over inflation, economic stability, and monetary policies, Bitcoin is increasingly viewed as a hedge against inflation or currency devaluation. Predictions of interest rate cuts and increased money printing by major economies like the U.S. and China could further bolster Bitcoin's appeal as a "digital gold."

Price Predictions: Various analysts and platforms have made bold predictions for Bitcoin's price in 2024.

Predictions range from $60,000 to as high as $524,000, with many expecting a significant bull run post-halving. These forecasts are based on historical patterns post-halving, increased adoption, and the potential for Bitcoin to be seen as a safe-haven asset.

Community Sentiment: On platforms like X, there's a mix of cautious optimism and outright bullishness.

Discussions highlight the potential for Bitcoin to reach six figures or even higher, driven by the halving, ETFs, and macroeconomic conditions. However, there's also acknowledgment of potential corrections or sideways movements post-halving, as seen in past cycles.

Technological and Network Developments: Beyond price, Bitcoin's underlying technology continues to evolve. The introduction of Ordinals and BRC-20 tokens on Bitcoin's network represents innovation in NFTs and DeFi directly on Bitcoin, potentially increasing its utility and thus, value.

Market Sentiment and Events: The Bitcoin 2024 conference in Nashville, featuring high-profile speakers, underscores Bitcoin's growing mainstream acceptance and its role in global financial discussions. Such events not only boost visibility but also might influence market sentiment positively.

Given these points, Bitcoin in 2024 is expected to be at the center of financial innovation, regulatory discussions, and investment strategies. While the exact price trajectory remains speculative, the combination of halving, potential ETF approvals, and global economic conditions sets the stage for what many in the community anticipate could be one of Bitcoin's most significant years yet. However, as with any investment, especially in cryptocurrencies, there's inherent volatility and risk involved, which should be considered alongside the optimism. (Grok)

News via Grok

Zurich Cantonal Bank Launches Crypto Trading

September 9, 2024

Zurich Cantonal Bank (ZKB), Switzerland's fourth-largest bank, has introduced trading services for Bitcoin and Ethereum, marking a significant step in integrating cryptocurrencies into traditional banking. This service allows clients to trade these cryptocurrencies through ZKB's existing eBanking and Mobile Banking platforms, offering 24/7 trading capabilities. Additionally, ZKB provides custody services for these digital assets, enhancing security. This move represents a notable advancement in the adoption of cryptocurrencies by mainstream financial institutions, potentially influencing broader acceptance and use of digital currencies in financial markets.

News

BTC via Grok

Here's a summary based on the latest information available up to September 7, 2024:

Price Movement: Bitcoin experienced a notable drop following the release of U.S. jobs data, with prices dipping by as much as 6.5% to around $52,600. However, there's been a slight recovery, indicating some volatility but also resilience around certain support levels.

Market Sentiment: There's a mix of caution and optimism. The market saw increased volatility with significant price drops across major cryptocurrencies, but there's also mention of a potential for recovery or stabilization, with some traders pointing out that the market might be setting up for further movements based on current support and resistance levels.

Technical Analysis: Various posts discuss Bitcoin's price action within a channel, with more tests at the lower end suggesting a potential for either a breakout or a strong bounce back. Negative funding rates and a lack of significant liquidations on the downside indicate a cautious market where shorts are confident at high-time-frame support levels.

Market Structure: There's an observation of thin order books between the current price and higher levels like $57,000, suggesting potential for rapid movements if buying pressure increases significantly.

Institutional Interest: The mention of Barclays targeting MicroStrategy stock for Bitcoin exposure highlights ongoing institutional interest in Bitcoin, albeit indirectly through stocks of companies with significant Bitcoin holdings.

ETF Impact: There have been outflows from Bitcoin ETFs, which might reflect profit-taking or a shift in investor sentiment, possibly influenced by macroeconomic data or regulatory news.

Future Outlook: While there's immediate concern over the recent dip, the broader sentiment includes watching for how Bitcoin reacts at current support levels, with some anticipation for potential upward movements if certain psychological or technical levels are breached.

This summary reflects a snapshot of Bitcoin's market dynamics as of early September 2024, characterized by typical crypto market volatility, technical analysis speculation, and ongoing interest from both retail and institutional investors. Always remember, the crypto market can be highly speculative, and sentiments can shift rapidly based on new information or broader market trends. (Grok)

News

Trump 2024 (via Grok)

Donald Trump's 2024 presidential campaign has been marked by several notable events and strategic shifts:

Campaign Events and Focus: Trump has been actively campaigning across key battleground states, with recent activities including a rally in Mosinee, Wisconsin, where he spoke on various issues like the economy, education policy, and international relations. His campaign schedule has included themed events focusing on economic policy, crime, national security, and immigration, indicating a broad-based approach to appeal to different voter concerns.

Strategic Adjustments: There's been a noticeable shift in campaign strategy, particularly in response to Kamala Harris's rise in the Democratic ticket. Trump has scaled back campaigning in states like New Hampshire, Minnesota, and Virginia, focusing instead on states with higher electoral impact like Pennsylvania, Michigan, and Arizona. This suggests a strategic pivot to consolidate support in crucial swing states.

Policy Promises: Trump has made significant promises, including ending the Russia-Ukraine war before his potential inauguration, abolishing the U.S. Department of Education, and preventing World War III. These pledges aim to appeal to voters looking for strong, decisive action on both domestic and foreign policy fronts.

Public Sentiment and Campaign Style: Trump's rallies continue to draw crowds, although there have been observations of smaller turnouts in some instances compared to previous campaigns. His style remains confrontational, with direct attacks on his opponents and frequent use of social media to engage with supporters directly.

Legal and Political Challenges: The campaign has not been without controversy, including legal challenges and criticisms over his handling of previous events like the Afghanistan withdrawal. Trump's campaign has responded to these by focusing on his past achievements and painting his opponents as less competent or patriotic.

Fundraising and Support: Despite legal battles, Trump's campaign has managed to maintain significant financial support, though there have been fluctuations in fundraising success. His campaign has also been described as ramping up its ground game, suggesting an intensified effort to mobilize voters at the grassroots level.

Media and Public Perception: Social media posts reflect a mix of staunch support and criticism, with some users highlighting perceived weaknesses in Trump's campaign strategy or health, while others rally behind his policies and persona. The campaign's use of media, including Trump's own social media presence, plays a crucial role in shaping his narrative.

Engagement with Key Demographics: Efforts like announcing a "Black Americans for Trump" coalition indicate a strategy to broaden his voter base, addressing criticisms of past campaigns where he struggled with certain demographics.

Trump's 2024 campaign, therefore, is characterized by a blend of continuity in his aggressive campaign style, adaptation to new political realities with Harris as his opponent, and a focus on policy promises that aim to resonate with a wide swath of American voters, particularly in swing states crucial for electoral victory.

Bitcoin Surpasses $63,000

X And Grok Right On The Money For Crypto, Bitcoin Coverage In Near Real Time With Timelines And Accountability, X/Grok Motivated To Perform: Awaiting Mad Monday Following Bullish Weekend: Media Man

October 12, 2024

News

Bitcoin's price surged to $63,000, marking a significant recovery from $58,000 the previous day. This increase has led to optimism among cryptocurrency enthusiasts, with many predicting further gains and suggesting a shift from a bearish to a bullish market sentiment. Despite the price increase, the Fear and Greed Index indicates a market sentiment of fear, suggesting caution among investors. Analysts and investors are discussing potential price targets, with some forecasting Bitcoin could reach $100,000 soon. The discussions also highlight the weakening of previous resistance levels, indicating Bitcoin might easily surpass its August highs upon revisiting those levels.

News/Profile via Grok

What is Bitcoin?

Bitcoin, often abbreviated as BTC, is the first and most widely recognized decentralized cryptocurrency. It operates on a technology called blockchain, which is a public, distributed ledger that records all transactions across a network of computers without requiring a central authority or bank. Here's a deeper dive:

Creation and Purpose: Introduced in 2009 by an individual or group using the pseudonym Satoshi Nakamoto, Bitcoin was designed as an electronic payment system based on cryptographic proof instead of trust, allowing online payments to be sent directly from one party to another without going through financial institutions.

Decentralization: Unlike traditional currencies, Bitcoin isn't issued or backed by any government or central bank. Transactions are verified by network nodes and recorded in blocks, which are linked and secured using cryptography.

Mining and Supply: New bitcoins are created through a process called mining, where miners solve complex mathematical problems to add transactions to the blockchain. This process also secures the network. The total supply of Bitcoin is capped at 21 million coins, making it deflationary by design.

Use Cases:
Store of Value: Often referred to as "digital gold," Bitcoin has become an investment asset, seen by many as a hedge against inflation due to its fixed supply.

Transaction Medium: While it started as a medium of exchange, its use in transactions has varied with its volatility, though it's still used for purchases, especially in niche markets.

Speculative Trading: Bitcoin's price volatility has attracted traders looking for profit through price movements.

Current Status (as of October 2024):
Price: The price of Bitcoin hovers around $63,000 to $64,000 USD, showing slight fluctuations but maintaining a robust market presence.

Market Sentiment: From posts on X, there's a sentiment around Bitcoin as not just digital currency but as a foundational technology for trustless systems, indicating its broadening perception from just a cryptocurrency to a pivotal blockchain technology.

Challenges and Considerations:
Volatility: Bitcoin's price can experience significant swings, which might deter its use as everyday currency but increases its allure for traders.

Regulation: Governments worldwide are still grappling with how to regulate cryptocurrencies, affecting its adoption and legality in various jurisdictions.

Energy Consumption: The mining process, particularly with the proof-of-work consensus mechanism, consumes substantial energy, leading to environmental concerns.

Cultural Impact: Bitcoin has not only influenced finance but also culture, becoming a symbol of financial freedom and resistance against traditional financial systems for many. Its mention in media, from documentaries to financial news, underscores its integration into broader societal discussions.

Bitcoin continues to evolve, influencing and being influenced by technology, economics, and global regulations. Its journey from an obscure digital currency to a recognized asset class illustrates the profound impact of blockchain technology on finance and beyond. (Grok)

News

Cryptocurrency News/Profile via Grok

Cryptocurrency refers to a type of digital or virtual currency that utilizes cryptography for security. Here's a breakdown of what it entails based on general knowledge and recent insights up to October 2024:

Definition and Function: Cryptocurrency operates on decentralized technology, typically a blockchain, which is a distributed ledger enforced by a network of computers. This technology ensures that transactions are secure, verified, and maintained without the need for a central authority like banks or governments.

Cryptocurrencies function as a medium of exchange, allowing direct transactions between parties.

Security and Anonymity: The use of cryptography makes cryptocurrencies extremely difficult to counterfeit or double-spend. While transactions can be pseudonymous, meaning they are not directly linked to personal identities, most cryptocurrencies provide a level of transparency where transaction details are public but not necessarily the identities behind them.

Market Dynamics: The cryptocurrency market has shown both significant growth and volatility. For instance, Bitcoin has experienced notable fluctuations, with its price and market cap often leading the crypto market's sentiment. Events like regulatory news, technological developments (like Ethereum's upgrades), and macroeconomic factors influence these markets.

Types and Use Cases: Beyond Bitcoin, there are thousands of cryptocurrencies, often referred to as altcoins, each with different functionalities. Ethereum introduced smart contracts, enabling decentralized applications (dApps) and decentralized finance (DeFi). Other cryptocurrencies focus on privacy, scalability, or specific use cases like supply chain management.

Public Perception and Adoption: Despite growing awareness, the adoption of cryptocurrencies as everyday currency remains limited. The complexity, regulatory uncertainties, and the lack of user-friendly infrastructure compared to traditional financial systems pose hurdles. However, there's increasing interest in cryptocurrencies as investment vehicles or speculative assets.

Regulatory Landscape: Governments around the world are grappling with how to regulate cryptocurrencies. Some countries are embracing crypto with regulatory frameworks, while others impose bans or severe restrictions. This regulatory dance impacts market stability and investor confidence.

Technological Developments: The blockchain technology underlying cryptocurrencies continues to evolve. Concepts like proof-of-stake (PoS) versus proof-of-work (PoW), scalability solutions, and interoperability between blockchains are at the forefront of innovation, aiming to address issues like energy consumption and transaction speeds.

Challenges: Cryptocurrencies face challenges like scalability, security (despite cryptography, there are still vulnerabilities in surrounding ecosystems like exchanges), regulatory scrutiny, and the risk of being used for illicit activities due to their pseudonymous nature.

Future Outlook: The future of cryptocurrencies might see them becoming more integrated into the financial system, either as a parallel system or evolving into something new with further technological advancements. The narrative around cryptocurrencies often oscillates between them being the future of money and speculative bubbles, reflecting the speculative and innovative nature of the space.

From the sentiment on platforms like X (formerly Twitter), there's a mix of enthusiasm for the potential of cryptocurrencies to revolutionize finance and skepticism regarding their stability, utility, and environmental impact. The conversation around cryptocurrencies continues to evolve, reflecting both their promise and the significant challenges they face in mainstream adoption. (Grok)

Crypto And Politics

Gonzo Bitcoin Scribes With Gonzo, A.I And Grok

Wrestling With Crypto, BTC News And Power To The People; President Trump Looking For A Win-Win-Win situation

And The Crowd Roars Wild For Crypto Friendly Polies

In Case You Missed It

By A. Media Scriber. With assistance from A. Bot (Grok Chapter)

July 28, 2024

Trump vs Harris on cryptocurrency

For The U.S And World Wrestling Crypto Heavyweight Title

The Trumper Will continue to promote and lift bitcoin

Trump planning to establish a U.S. bitcoin stockpile, set up a crypto advisory council akin to Wrestlers Court

Former (to some) President Donald Trump on Saturday body slammed Vice President Kamala Harris over the Biden administration’s approach to cryptocurrency regulation and announced a sweeping set of industry-friendly policies, as he sought to win over the bitcoin mob.

Speaking at a major crypto conference in Nashville, Tennessee, Bitcoin 2024 (WrestleMania for Cryptos) Trump sought to hog tie Harris to the Biden administration’s rugged regulatory approach to the digital asset industry. Though Harris hasn’t taken a public position and her team is ramping up outreach to the crypto world, Trump said she is “against crypto.”

Every Babyface Needs A Villain/Heel

Trump endorsed an array of policies to boost crypto firms.

Bullet Points

Have the U.S government hold a stockpile of bitcoin, creating a crypto advisory council, installing a crypto-friendly Securities and Exchange Commission chair and ock blocking the Fed Reserve from creating its own digital currency.

“I pledge to the bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’ anti-crypto crusade will be over,” he said.

“The moment I’m sworn in, the persecution stops and the weaponization ends against your industry.”

Trump’s grand and most welcome appearance at the Bitcoin 2024 conference cemented his embrace of the crypto industry, which is lobbying hard in downtown Washington and planning to spend more than a whopping $160 million to sway this year’s elections. And you thought that stakes were high in WWE's 'Money In The Bank'. How about a crypto title Triple H? Matt Cardona had the Internet Title - we know.

The emergence of Harris after Joe may have been caught in a sleeper hold is likely to complicate his pitch and may throw a ring spanner in the world. Her campaign is showing signs of opening up to the industry, and some Democrats are pushing her to break from the Biden administration’s more skeptical approach.

Trump vowed to terminate SEC Chair Gary Gensler, who has pursued a series of high-profile crypto enforcement actions and has sternly warned that digital asset trading poses big investor risks. Trump also pledged to enact policies to support stablecoins, a type of cryptocurrency pegged to other assets like the dollar.

“We will have regulations, but from now on the rules will be written by people who love your industry, not hate your industry,” he said.

Trump was offered raucous applause and crowd pop, including when he vowed to sack Gensler.

“I didn’t know he was that unpopular,” Trump said.

Trump heaped praise on the crowd, calling them “highly intelligent,” and criticized crypto skeptics like Senator Elizabeth Warren (D-Mass.), whom he singled out by name.

“The Biden-Harris administration’s repression of crypto and bitcoin is wrong, and it’s very bad for our country,” he said.

Trump himself is a former crypto critic, but he did not acknowledge his past comments in his particular speech. He penned in 2019 that he was “not a fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”

Trump started embracing the crypto industry in May. He has since cashed in on his crypto stance, hosting crypto executives at fundraisers and his Mar-a-Lago resort.

Ahead of his speech on Saturday, Trump participated in a fundraiser at the bitcoin conference with an $844,600 asking price to attend a VIP reception, roundtable and to snap a mug shot er photo with the former president, according to an online invitation. A lower-tier ticket that went for $60,000 per person or $100,000 per couple allowed attendees to just attend the reception and get a snap a pic with The Trumpster.

Trump, who appeared on stage Saturday afternoon after an extensive delay, singled out several figures in the crypto world at the start of his speech. They included the Winklevoss twins, whom he dubbed “male models with a big beautiful brain,” Rep. French Hill of Arkansas, who is vying to lead the House Financial Services Committee next year, and David Bailey, who organized the conference.

So fans, you got the winning ticket, your Trump collectables, now you've heard The Hulkster's promo at the RNC. Now we just need the traditional title of President Of The United States, and Commander In Chief sounds good as crypto gold too.

A bullet proof boss, crypto friendly, freedom of speech, and pro actively draining the swamp while giving back power to the people. This trend may just catch on globally. We might need an NWA (National Wrestling Alliance) type group, and they can lock horns with the NWO, much like the famed World Championship Wrestling vs New World Order tussles of the past. DT For The Win! Some of the names change, but the ultimate goal largely remains the same - Freedom!

Special thanks: Bitcoin Magazine/Bitcoin 2024/Bitcoin 2024

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News

Bitcoin 2024 (via Grok)

The anticipation around Bitcoin in 2024 is palpable, driven by several key events and trends:

Bitcoin Halving: Scheduled for April 2024, this event reduces the reward for mining new blocks by half, from 6.25 BTC to 3.125 BTC. Historically, halving events have led to significant price increases due to the reduced supply of new bitcoins entering the market. Analysts and enthusiasts expect this trend to continue, potentially pushing Bitcoin's price to new heights.

Spot Bitcoin ETFs: The potential approval of spot Bitcoin Exchange Traded Funds (ETFs) in the U.S. is seen as a major catalyst. Such financial products could bring a flood of institutional money into Bitcoin, enhancing its liquidity and acceptance as an investment vehicle. This move could significantly impact Bitcoin's price by making it more accessible to retail and institutional investors who prefer regulated investment products.

Macroeconomic Factors: With concerns over inflation, economic stability, and monetary policies, Bitcoin is increasingly viewed as a hedge against inflation or currency devaluation. Predictions of interest rate cuts and increased money printing by major economies like the U.S. and China could further bolster Bitcoin's appeal as a "digital gold."

Price Predictions: Various analysts and platforms have made bold predictions for Bitcoin's price in 2024.

Predictions range from $60,000 to as high as $524,000, with many expecting a significant bull run post-halving. These forecasts are based on historical patterns post-halving, increased adoption, and the potential for Bitcoin to be seen as a safe-haven asset.

Community Sentiment: On platforms like X, there's a mix of cautious optimism and outright bullishness.

Discussions highlight the potential for Bitcoin to reach six figures or even higher, driven by the halving, ETFs, and macroeconomic conditions. However, there's also acknowledgment of potential corrections or sideways movements post-halving, as seen in past cycles.

Technological and Network Developments: Beyond price, Bitcoin's underlying technology continues to evolve. The introduction of Ordinals and BRC-20 tokens on Bitcoin's network represents innovation in NFTs and DeFi directly on Bitcoin, potentially increasing its utility and thus, value.

Market Sentiment and Events: The Bitcoin 2024 conference in Nashville, featuring high-profile speakers, underscores Bitcoin's growing mainstream acceptance and its role in global financial discussions. Such events not only boost visibility but also might influence market sentiment positively.

Given these points, Bitcoin in 2024 is expected to be at the center of financial innovation, regulatory discussions, and investment strategies. While the exact price trajectory remains speculative, the combination of halving, potential ETF approvals, and global economic conditions sets the stage for what many in the community anticipate could be one of Bitcoin's most significant years yet. However, as with any investment, especially in cryptocurrencies, there's inherent volatility and risk involved, which should be considered alongside the optimism. (Grok)

News via Grok

Zurich Cantonal Bank Launches Crypto Trading

September 9, 2024

Zurich Cantonal Bank (ZKB), Switzerland's fourth-largest bank, has introduced trading services for Bitcoin and Ethereum, marking a significant step in integrating cryptocurrencies into traditional banking. This service allows clients to trade these cryptocurrencies through ZKB's existing eBanking and Mobile Banking platforms, offering 24/7 trading capabilities. Additionally, ZKB provides custody services for these digital assets, enhancing security. This move represents a notable advancement in the adoption of cryptocurrencies by mainstream financial institutions, potentially influencing broader acceptance and use of digital currencies in financial markets.

News

BTC via Grok

Here's a summary based on the latest information available up to September 7, 2024:

Price Movement: Bitcoin experienced a notable drop following the release of U.S. jobs data, with prices dipping by as much as 6.5% to around $52,600. However, there's been a slight recovery, indicating some volatility but also resilience around certain support levels.

Market Sentiment: There's a mix of caution and optimism. The market saw increased volatility with significant price drops across major cryptocurrencies, but there's also mention of a potential for recovery or stabilization, with some traders pointing out that the market might be setting up for further movements based on current support and resistance levels.

Technical Analysis: Various posts discuss Bitcoin's price action within a channel, with more tests at the lower end suggesting a potential for either a breakout or a strong bounce back. Negative funding rates and a lack of significant liquidations on the downside indicate a cautious market where shorts are confident at high-time-frame support levels.

Market Structure: There's an observation of thin order books between the current price and higher levels like $57,000, suggesting potential for rapid movements if buying pressure increases significantly.

Institutional Interest: The mention of Barclays targeting MicroStrategy stock for Bitcoin exposure highlights ongoing institutional interest in Bitcoin, albeit indirectly through stocks of companies with significant Bitcoin holdings.

ETF Impact: There have been outflows from Bitcoin ETFs, which might reflect profit-taking or a shift in investor sentiment, possibly influenced by macroeconomic data or regulatory news.

Future Outlook: While there's immediate concern over the recent dip, the broader sentiment includes watching for how Bitcoin reacts at current support levels, with some anticipation for potential upward movements if certain psychological or technical levels are breached.

This summary reflects a snapshot of Bitcoin's market dynamics as of early September 2024, characterized by typical crypto market volatility, technical analysis speculation, and ongoing interest from both retail and institutional investors. Always remember, the crypto market can be highly speculative, and sentiments can shift rapidly based on new information or broader market trends. (Grok)

News

Trump 2024 (via Grok)

Donald Trump's 2024 presidential campaign has been marked by several notable events and strategic shifts:

Campaign Events and Focus: Trump has been actively campaigning across key battleground states, with recent activities including a rally in Mosinee, Wisconsin, where he spoke on various issues like the economy, education policy, and international relations. His campaign schedule has included themed events focusing on economic policy, crime, national security, and immigration, indicating a broad-based approach to appeal to different voter concerns.

Strategic Adjustments: There's been a noticeable shift in campaign strategy, particularly in response to Kamala Harris's rise in the Democratic ticket. Trump has scaled back campaigning in states like New Hampshire, Minnesota, and Virginia, focusing instead on states with higher electoral impact like Pennsylvania, Michigan, and Arizona. This suggests a strategic pivot to consolidate support in crucial swing states.

Policy Promises: Trump has made significant promises, including ending the Russia-Ukraine war before his potential inauguration, abolishing the U.S. Department of Education, and preventing World War III. These pledges aim to appeal to voters looking for strong, decisive action on both domestic and foreign policy fronts.

Public Sentiment and Campaign Style: Trump's rallies continue to draw crowds, although there have been observations of smaller turnouts in some instances compared to previous campaigns. His style remains confrontational, with direct attacks on his opponents and frequent use of social media to engage with supporters directly.

Legal and Political Challenges: The campaign has not been without controversy, including legal challenges and criticisms over his handling of previous events like the Afghanistan withdrawal. Trump's campaign has responded to these by focusing on his past achievements and painting his opponents as less competent or patriotic.

Fundraising and Support: Despite legal battles, Trump's campaign has managed to maintain significant financial support, though there have been fluctuations in fundraising success. His campaign has also been described as ramping up its ground game, suggesting an intensified effort to mobilize voters at the grassroots level.

Media and Public Perception: Social media posts reflect a mix of staunch support and criticism, with some users highlighting perceived weaknesses in Trump's campaign strategy or health, while others rally behind his policies and persona. The campaign's use of media, including Trump's own social media presence, plays a crucial role in shaping his narrative.

Engagement with Key Demographics: Efforts like announcing a "Black Americans for Trump" coalition indicate a strategy to broaden his voter base, addressing criticisms of past campaigns where he struggled with certain demographics.

Trump's 2024 campaign, therefore, is characterized by a blend of continuity in his aggressive campaign style, adaptation to new political realities with Harris as his opponent, and a focus on policy promises that aim to resonate with a wide swath of American voters, particularly in swing states crucial for electoral victory.

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September 18. 2024

The crypto market gets a boost from stocks

Market Picture

The crypto market has gained 2.1% in the last 24 hours to reach $2.08 trillion. The rise in the stock market has brought buyers back to Bitcoin, which has positively impacted cryptocurrencies. The sentiment index is still in the fear zone, but at 45, it is already close to neutral territory. This shows that it is lagging stocks where sentiment has shifted to 'greed'.

Bitcoin surpassed $60K, accelerating sharply at the start of the US session. The price peaked at $61.3K before retreating to $60.4K at the time of writing.

Despite some pullback, bitcoin has broken above its 50-day moving average, suggesting significant upside potential. However, it isn't easy to rely on today's technical picture ahead of the Fed's interest rate decision on Wednesday evening. The next important level is likely to be around the $64K, where the late August high and the 200-day average are located.

News Background

JPMorgan sees bitcoin hash rate growth slowing as miner revenues remain at historic lows. Meanwhile, US Bitcoin miners' share of the network hash rate rose for the fifth consecutive month to 26.7%, an all-time high.

MicroStrategy will place $700 million in four-year unsecured convertible notes to acquire additional bitcoins and fund general corporate purposes.

According to Arkham, the Bhutanese government's bitcoin holdings amount to 13,036 BTC ($770 million), almost three times El Salvador's reserves. The country has the world's fourth-largest stockpile of BTCs, derived from mining by a sovereign wealth fund.

The crypto industry is no longer able to provide 'dopamine' to either developers or traders. That is why it is in crisis, said CryptoQuant CEO Ki Young Ju. According to him, the crypto industry is gradually turning into a 'gambling den'.

Developers Curve Finance and TON Foundation will create a platform for trading stablecoins on the TON blockchain. The new initiative will meet the growing demand for stablecoins and increase the liquidity and popularity of the network's Web3 ecosystem.

Bitcoin drops 10pc as rout deepens

August 5, 2024

Bitcoin is under pressure from a bout of risk aversion in global markets that saddled the largest digital asset with its heftiest weekly loss since the collapse of the FTX exchange in 2022.

The original cryptocurrency sank more than 10 per cent at one point before paring some of the decline to trade at $US54,333 ($83,590). The token lost 13.1 per cent in the seven days through Sunday, the most since the FTX bankruptcy period. Smaller tokens such as ether and meme-crowd favourite dogecoin also nursed heavy losses.

The declines come as a global stock sell-off intensifies, reflecting concerns about the economic outlook and questions over whether heavy investment into artificial intelligence will live up to the hype surrounding the technology. Geopolitical tension is rising in the Middle East, adding to investor skittishness.

Bitcoin exchange traded funds in the US suffered their largest outflows in about three months on August 2. The digital asset has also tumbled through its 200-day moving average price.

The latter technical chart pattern “opens the way for a deeper pullback” towards $54,000, Tony Sycamore, market analyst at IG Australia, wrote in a note.

Bitcoin has been buffeted by a range of factors since hitting a record of $US73,798 in March, including shifting political fortunes in the US as pro-crypto Republican Donald Trump and his Democratic opponent, Vice President Kamala Harris – who has yet to detail a digital-asset policy stance – lock horns in the presidential race. (AI News, Wires)

Donald Trump Bitcoin Conference Keynote
https://youtube.com/watch?v=9UxAUryUKXM&ab_channel=BitcoinMagazine

Donald Trump delivers his keynote address at the Bitcoin Conference 2024. In a groundbreaking speech at the Bitcoin 2024 conference in Nashville, former President Donald Trump outlines his vision for a crypto-friendly America. Trump promises to end the current administration's "anti-crypto crusade" and positions himself as the first major party nominee to accept Bitcoin donations. He pledges to fire SEC Chairman Gary Gensler, create a Presidential Crypto Advisory Council, and keep all government-held Bitcoin. Trump's address covers a wide range of topics, from energy policy to inflation, connecting them all to the future of Bitcoin and cryptocurrency in America. He vows to make the U.S. the "crypto capital of the planet" and a "Bitcoin superpower," promising regulatory clarity and economic prosperity for the industry.

This video is a must-watch for anyone interested in the intersection of politics and cryptocurrency. Lower your time preference and lock-in your Bitcoin 2025 conference tickets today!!! (Credit: Bitcoin Magazine
@BitcoinMagazine
/Bitcoin 2024)

Click Here: http://b.tc/conference/2025 #djt

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NEWS: DONALD TRUMP TO SPEAK AT BITCOIN 2024 CONFERENCE IN NASHVILLE
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July 8, 2024

Crypto Bargain-hunters are back

Market picture

Bargain hunters are showing themselves in full force in crypto. Cryptocurrency market capitalisation rose 3.6% in 24 hours to $2.11 trillion, climbing back to the top of the range of the past five days. It will take the market to rise another 2% before we can say that the bear attack has been repelled. Until then, we can only talk about consolidation after the sell-off.

Bitcoin rebounded to $57.3K after a couple of dips to $54K, sticking to its descending channel that has been in force since March, but the price is very dangerously stuck at the bottom of this corridor. This situation makes us fear an acceleration of the sell-off with a potential target in the $50-51K area, where the crypto market was stagnant in February.

Ethereum trades at $3050 and remains below the 200-day moving average but has not given up trying to climb higher. Here, ETH has a strong support line, which also attracted buyers in April and May. More on the bulls' side is that the RSI on daily timeframes rises from oversold territory. These are promising technical signals, but the sustained sell-off from the US and German governments and the overhang of selling from Mt Gox lenders is clearly undermining the confidence of too many buyers.

News background

According to CoinShares, investments in crypto funds rose by $441 million last week for the first time after three weeks of outflows. Bitcoin investments increased by $398 million, Solana by $16 million, Ethereum by $10 million.

Recent price declines, driven by potential selling pressure from Mt Gox and the German government, were probably seen as a buying opportunity. Inflows into BTC accounted for only 90% of the total inflows, as investors chose to invest in a much broader set of altcoins. The most notable of these was Solana, which has received $57 million in investments since the beginning of the year, making it the most efficient altcoin in terms of flows, CoinShares noted.

German authorities continue to transfer Bitcoins to exchanges. On 8 July, two 250 BTC transfers were made to Coinbase and Bitstamp platforms. Transactions of 700 BTC and 500 BTC followed to unidentified Arkham numbers.

The Bitstamp exchange promised to distribute the payments from Mt Gox "as soon as possible," despite having a 60-day deadline. So far, only Japanese BitBank and SBI VC Trade addresses have been distributed coins. The three remaining recipients - Bitstamp, Kraken and BitGo - are still awaiting their turn. The trustee has 94,771 BTC (~$5.4bn) left to send.

Bitfinex points out signs of a potential end to the market correction. Short-term investor selling is potentially close to exhaustion. Meanwhile, the funding rate for perpetual BTC contracts has turned negative for the first time since 1 May.

Donald Trump to Headline Bitcoin 2024 Conference in Nashville

July 11, 2024

Former President Donald Trump has been confirmed as a keynote speaker at the upcoming Bitcoin 2024 conference set to take place in Nashville, Tennessee.

This news comes as a significant development for the event, known for its major industry announcements and influential speakers. The conference, which has previously been hosted in Miami, has established itself as a platform for groundbreaking news within the cryptocurrency space.

Bitcoin 2021, the inaugural conference, made headlines when El Salvador officially declared Bitcoin as legal tender. The subsequent Bitcoin 2022 and Bitcoin 2023 conferences continued the trend of notable moments, including a powerful speech by U.S. Presidential candidate Robert F. Kennedy Jr. in support of the Bitcoin industry.

This year, the shift of the conference location from Miami to Nashville signifies its increasing prominence on the global stage. With two former U.S. Presidential candidates, Robert F. Kennedy Jr. and Donald Trump, slated to speak, Bitcoin 2024 is anticipated to be a pivotal event that could potentially impact the future trajectory of Bitcoin and cryptocurrency policies in the United States.

Donald Trump’s participation in the conference is especially noteworthy considering his recent engagements with the Bitcoin community. Earlier this year, Trump met with prominent U.S. Bitcoin miners, including representatives from CleanSpark, where he reiterated his support for Bitcoin mining both domestically and internationally. In a statement, Trump pledged to prioritize the development of Bitcoin and crypto initiatives in the United States and safeguard the rights of the nation’s 50 million crypto holders if re-elected as president.

As Trump embarks on his presidential campaign, his alignment with the Bitcoin industry stands in contrast to the position of his potential rival, President Joe Biden, who has shown less enthusiasm towards the cryptocurrency sector. While Biden’s participation in Bitcoin 2024 remains unconfirmed, the event could underscore the divergent approaches of the two candidates towards Bitcoin and its implications for U.S. policies.

For additional details on the Bitcoin 2024 conference and to secure a discounted ticket using a promotional code, interested individuals can visit the official event website. Bitcoin Magazine, a subsidiary of BTC Inc, the organizer of the largest Bitcoin conference, The Bitcoin Conference, will be overseeing the event.

Websites

Bitcoin 2024
https://b.tc/conference/2024

Bitcoin Magazine
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July 1, 2024

Buyers failed to pick up on the crypto market

Market picture

The crypto market has been enjoying an influx of buyers since Saturday, with a visible acceleration on Monday. Over the past 24 hours, capitalisation has risen 3.6% to $2.33 trillion. Last week’s drop in the crypto sentiment index to 30 (fear zone) reversed the price twice, showing that the market is dominated by a ‘buy the dip’ pattern.

Bitcoin is trading near $63.3K, adding 5% since Saturday morning and reaffirming the importance of support at 61.8% of the Jan-March rally. From another perspective, Bitcoin is adding and bouncing off the lower boundary of the downward channel. Likely, the price is now moving towards the upper boundary at $67K. However, cautious buyers may prefer to wait for confirmation with the price rising above $72-73K - the pivot area of the last four months - which would be confirmation of the start of a new impulsive wave of growth.

Bitcoin ended June down 8.5% to $61.9K. In terms of seasonality, July is considered quite successful for BTC, adding eight times (22.3% on average) out of the last 13 and declining on five occasions (-7.8% on average).

News background

In terms of on-chain analysis, quotes have crossed the realised price level of short-term holders at $62,000, which historically can act as support during corrections in bull markets.

According to Arkham data, German authorities sent another 595 BTC worth ~$36.6 million to crypto exchanges on 26 June. Authorities began actively moving the cryptocurrency on 19 June, when some of it first hit the Kraken and Bitstamp exchanges.

Bitwise forecasts net inflows into spot ETH-ETFs in the US of $15bn in the first 18 months. Bloomberg expects trading in the new product to start on 2 July.

Solana Foundation has launched tools that enable it to turn any website or app into a gateway for cryptocurrency payments and other blockchain transactions.

On 26 June, the Blast development team completed the first phase of an airdrop, distributing 17 billion BLAST tokens (17% of the total issuance). Blast is an Ethereum-based layer 2 (L2) network that was launched in November 2023 by Blur founder under the pseudonym Pacman. In terms of blockchain value locked (TVL), the Blast ecosystem is ranked sixth in the DeFi Llama ranking with a value of $1.58bn.

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Euro, Gold, Crypto and more via Media Man and FX Pro

A strong current account surplus may not help euro

The eurozone's current account surplus climbed to a six-month high of 31.9bn in December. Analysts, on average, had expected a decline to 20.3 bn from 22.5 bn the previous month. The current level was seen in the eurozone during the relatively benign pre-Covid period and sometime before Natural Gas prices spiked in the second half of 2021.

The normalisation of the surplus is good news for the single currency, as it means more net capital inflows into the region. But this growth has been fuelled by falling imports, which can be the result of lower commodity and energy prices (which is a very good thing), but also partly indicative of a slowdown in domestic demand. This threatens to translate into economic contraction in the coming months.

The euro area experienced periods of severe import contraction in late 2008 and early 2010, and in both cases, the economy experienced a severe downturn. Back in 2008, all this was accompanied by the collapse of the euro.

Gold

Gold rises but within a downward channel

Gold rallied for the fourth consecutive session to reach $2023, recovering almost all the losses suffered the week before on the back of the inflation report. Gold's ability to rally suggests continued domestic demand, as some investors are clearly rushing to buy back any losses.

At the same time, however, we note that since the beginning of the year, gold has been characterised by solid selloffs on the news, forming a smooth downtrend. In the context of this downtrend, a rise to $2040-2045, which is the upper boundary of the bearish range, looks quite acceptable.

The area around $2035 - the highs of two weeks ago - also appears to be a crucial intermediate level. Confident buying from this level would be the first important signal that the recent correction is over and that gold is ready to make a fresh assault on the highs.

Much more important, however, will be the behaviour of gold as it approaches the $2050 level, where the reversal of the decline in late January took place.

Consolidation at this level would confirm the breakdown of the downtrend and set the stage for a move towards $2100 and the subsequent renewal of historic highs.

However, as long as gold is trading within the downtrend, there is a greater chance of a breakdown or even an acceleration of the downtrend.

Among the fundamental factors, the potential for growth could be provided by the fall in the dollar if Fed officials show a softening of their position, bringing the start of interest rate cuts closer.

On the bearish side, equities could come under pressure following the optimistic rally in the tech giants and the news of a sharp slowdown in economic activity. We also do not rule out the possibility that the recent support measures for the Chinese stock market and property sector will cool demand for gold as a safe-haven for investors from that part of the world.

Cryptocurrency

Crypto market growth halted amid capital inflows

Market picture

The crypto market has corrected 0.46% in the last 24 hours, fluctuating within a narrow range without a clear direction. Bitcoin is down 1% but up 3.7% over seven days, Ethereum is flat for the day but up 10.6% over the week. The top coins are mixed with BNB +2% and Solana -2.5%.

Bitcoin is currently drawing its fourth daily candle with opening and closing levels close to each other. Such sideways consolidations are characteristic of strong bull markets, as opposed to corrective pullbacks on smoother rallies.

Ethereum hit local highs on rumours of a positive regulatory decision before the end of March. Bloomberg analyst James Seyffarth bet 4 ETH that the SEC will not approve a spot Ethereum ETF next month.

According to data from CoinShares, investment in crypto funds rose by a record $2.452 billion last week, following inflows of $1.116 billion the previous week.
Bitcoin investments increased by $2.424 billion, Ethereum by $21 million, Cardano lost $6 million, and Solana lost $1.6 million.

Since the beginning of the year, crypto funds have seen inflows of an impressive $5.2 billion, with total AUM rising to $67 billion, the highest since December 2021.

News background

Bitcoin will see institutional support in the next three to six months, according to Coinbase. Bitcoin ETFs could eventually become a major competitor to gold funds.
According to IntoTheBlock, there is an 85% chance that Bitcoin will reach a new all-time high within the next six months. Five factors could contribute to this: the halving of the price, ETFs, monetary easing, the US election, and companies accumulating BTC as part of their treasuries.

Former CIA contractor Edward Snowden, who has been living in Russia since 2013, called bitcoin the most significant achievement of the financial system in the entire existence of money and means of exchange.

Amberdata admitted that Ethereum will outpace Bitcoin in terms of growth due to more constructive deflationary policies. The supply of ETH has been decreasing since September 2022, thanks to the update of The Merge, as well as the implementation of a mechanism to burn part of the commissions. During this time, around 0.36 million ETH, or 0.3% of the total supply of 120 million coins, have been removed from circulation.

Via Roy Morgan Research and Media Man social media

Copper, gold, and Bitcoin rise; Iron ore and oil fall; ASX to fall in response to selling on Wall Street; US vetoes Arab-backed UN resolution demanding ceasefire in Gaza; Assange's lawyers warn that he risks 'flagrant denial of justice' if he is tried in US

Latest updates on Key Economic Indicators

21 February 2024

Roy Morgan Summary

Australian Dollar: $0.6550 USD (up 0.0011 USD)
Iron Ore Mar Spot Price (SGX): $120.85 USD (down $6.40 USD)

Oil Price (WTI): $78.27 USD (down $1.02 USD)

Gold Price: $2,024.37 USD (up $6.43 USD)

Copper Price (CME): $3.8595 (up $0.0465 USD)

Bitcoin: $52,059.35 (up 0.35% in last 24 hours)

New report reveals Roy Morgan is one of Australia's leading data companies - with in-depth information on millions of Australians based on their Helix Personas

Market Research Update

20 February 2024

Roy Morgan Summary

Roy Morgan leads the way as one of Australia's leading data companies. A special in-depth report into Australia's leading data companies interviewed Roy Morgan CEO Michele Levine and Executive Chairman Gary Morgan about the role the company plays in compiling data and building profiles of different Australians. One of Roy Morgan's key products is 'Helix Personas' which profiles people under headings such as "young and platinum", "smart money", "cautious conservatives", "fair go", "working hard" and nearly 50 other personas. For example, the "young and platinum" group love their mobile devices and are "always on the hunt for the shiny, new and cool" and "making the rent". Their income is around the $64,000 a year mark and they can often be found "living a conventional life centred around family".

Roy Morgan CEO Michele Levine confirmed that the Helix Personas market segments are based on statistical information, not data from individual people. "It's totally ethical. Unlike Facebook or any of these things, it's not any particular individual", Roy Morgan's chief executive Michele Levine, said.: 38,582.12 at 3.22pm NY time (down 45.87 points on Friday's close)

Roy Morgan wins three-year contract to deliver domestic tourism statistics for Austrade

21 February 2024

Roy Morgan Summary

From 2025, Roy Morgan will provide Austrade with the world's best practice survey methodology, big data integration and modelling techniques to deliver accurate domestic tourism statistics. Roy Morgan has reimagined the future of domestic tourism statistics to move Austrade and its stakeholders to the forefront of tourism intelligence with a new platform that will drive the future of Australia's tourism industry, which is estimated to be worth in excess of $160 billion. Portia Morgan, the Head of Client Services at Roy Morgan, says that using face-to-face interviewing, which is the gold-standard for surveying the population, enhanced with big data and cutting-edge data science techniques, Roy Morgan will be delivering a future-proofed system that will be cost effective, reliable, and accurate. She adds that Roy Morgan has been delivering survey-based tourism insights via its Holiday Tracking Survey for 20+ years and the company is thrilled to be working with Austrade and the broader industry to provide a deeper of understanding of how many people are travelling, where they go, what they do and how they spend their valuable tourism dollars.

Anti-mining PM pushes BHP's cash offshore

Roy Morgan Summary

It is somewhat hypocritical of the federal government to flag possible support for Australia's nickel industry, given that Labor's anti-mining legislation may jeopardise the expansion of BHP's copper operations in South Australia. BHP is still likely to proceed with an expansion, but the previously touted investment of between $10bn and $15bn is now only a 50 per cent chance. The new labour laws in the government's industrial relations reforms mean that BHP is now more likely to redirect much of this capital investment to its criticals minerals projects in other countries; rival miner Rio Tinto is already doing this.

More than 2.7 million New Zealanders now read newspapers and magazine audiences surge to over 1.7 million

21 February 2024

Roy Morgan has released its readership results for New Zealand's newspapers and magazines for the 12 months to December 2023. The data shows that 2.73 million New Zealanders aged 14+ (64.4%) now read or access newspapers in an average 7-day period via print or online (website or app) platforms. In addition, 1.71 million New Zealanders aged 14+ (40.3%) read magazines, whether in print or online either via the web or an app. The New Zealand Herald is still the nation's most widely-read publication, with a total cross-platform audience of 1,720,000 in the 12 months to June 2023 - almost five times as many as the second placed Dominion Post with a readership of 341,000. Meanwhile, New Zealand's most widely read magazine is still the driving magazine AA Directions, which had an average issue readership of 379,000 during the year to December (an increase of 63,000 on a year ago).

These are the latest findings from the Roy Morgan New Zealand Single Source survey of 6,254 New Zealanders aged 14+ over the 12 months to December 2023.

New report reveals Roy Morgan is one of Australia's leading data companies - with in-depth information on millions of Australians based on their Helix Personas

Market Research Update

20 February 2024

Roy Morgan Summary

Roy Morgan leads the way as one of Australia's leading data companies. A special in-depth report into Australia's leading data companies interviewed Roy Morgan CEO Michele Levine and Executive Chairman Gary Morgan about the role the company plays in compiling data and building profiles of different Australians. One of Roy Morgan's key products is 'Helix Personas' which profiles people under headings such as "young and platinum", "smart money", "cautious conservatives", "fair go", "working hard" and nearly 50 other personas. For example, the "young and platinum" group love their mobile devices and are "always on the hunt for the shiny, new and cool" and "making the rent". Their income is around the $64,000 a year mark and they can often be found "living a conventional life centred around family". Roy Morgan CEO Michele Levine confirmed that the Helix Personas market segments are based on statistical information, not data from individual people. "It's totally ethical. Unlike Facebook or any of these things, it's not any particular individual", Roy Morgan's chief executive Michele Levine, said.

(Credit: Roy Morgan Research)

Roy Morgan Summary

Roy Morgan leads the way as one of Australia's leading data companies. A special in-depth report into Australia's leading data companies interviewed Roy Morgan CEO Michele Levine and Executive Chairman Gary Morgan about the role the company plays in compiling data and building profiles of different Australians.

One of Roy Morgan's key products is 'Helix Personas' which profiles people under headings such as "young and platinum", "smart money", "cautious conservatives", "fair go", "working hard" and nearly 50 other personas. For example, the "young and platinum" group love their mobile devices and are "always on the hunt for the shiny, new and cool" and "making the rent". Their income is around the $64,000 a year mark and they can often be found "living a conventional life centred around family". Roy Morgan CEO Michele Levine confirmed that the Helix Personas market segments are based on statistical information, not data from individual people. "It's totally ethical. Unlike Facebook or any of these things, it's not any particular individual", Roy Morgan's chief executive Michele Levine, said.

(Credit: Roy Morgan Research)

Media Man

Warrner Bros

Profile

In 2010, the Warner Bros. Pictures Group broke the all-time industry worldwide box office record with receipts of $4.814 billion, which surpassed the prior record of $4.010 billion (set by the Studio in 2009). Warner Bros. also established a new industry benchmark for the international box office with a total of $2.93 billion (marking a record third time of crossing the $2 billion threshold) and retained its leading domestic box office ranking with receipts of $1.884 billion. 2010 also marked the 10th consecutive year Warner Bros. Pictures passed the billion dollar mark at both the domestic and international box offices. Warner Home Video was, once again, the industry’s leader, with an overall 20.6 percent marketshare in total DVD and Blu-ray sales. The companies comprising the Warner Bros. Television Group and Warner Bros. Home Entertainment Group remain category leaders, working across all platforms and outlets, and are trendsetters in the digital realm with video-on-demand (transaction and ad-supported), branded channels, original content, anti-piracy technology and broadband and wireless destinations.

The Warner Bros. Pictures Group brings together the Studio’s motion picture production, marketing and distribution operations into a single entity. The Group, which includes Warner Bros. Pictures and Warner Bros. Pictures International, was formed to streamline the Studio’s film production process and bring those businesses’ organizational structures in line with Warner Bros.’ television and home entertainment operations.

Warner Bros. Pictures produces and distributes a wide-ranging slate of some 18-22 films each year, employing a business paradigm that mitigates risk while maximizing productivity and capital. Warner Bros. Pictures either fully finances or co-finances the films it produces and maintains worldwide distribution rights. It also monetizes its distribution and marketing operations by distributing films that are totally financed and produced by third-parties. The Studio’s 2011 slate includes “Sucker Punch,” “The Hangover Part II,” “Green Lantern,” “Harry Potter and the Deathly Hallows – Part 2,” “Happy Feet 2” and “Sherlock Holmes: A Game of Shadows.”

Warner Bros. Pictures International is a global leader in the marketing and distribution of feature films, operating offices in more than 30 countries and releasing films in over 120 international territories, either directly to theaters or in conjunction with partner companies and co-ventures.

New Line Cinema, part of Warner Bros. Entertainment since 2008, coordinates its development, production, marketing, distribution and business affairs activities with Warner Bros. Pictures to maximize film performance and operating efficiencies. Highlights of New Line’s 2011 release slate, distributed by Warner Bros., include “Horrible Bosses,” “Final Destination 5,” “A Very Harold & Kumar 3D Christmas” and “New Year’s Eve.”

The Warner Bros. Television Group oversees and grows the entire portfolio of Warner Bros.’ television businesses, including worldwide production, traditional and digital distribution, and broadcasting. In the traditional television arena, WBTVG produces primetime and cable (Warner Bros. Television and Warner Horizon Television), first-run syndication (Telepictures Productions) and animated (Warner Bros. Animation) programming, which is distributed worldwide by two category-leading distribution arms/operations (Warner Bros. Domestic Television Distribution and Warner Bros. International Television Distribution).

Among the primetime series produced by divisions of the Warner Bros. Television Group are “Two and a Half Men,” “The Big Bang Theory,” “The Mentalist,” “Mike & Molly,” “Fringe,” “Gossip Girl,” “The Vampire Diaries,” “Nikita,” “The Middle,” “Southland,” “The Closer,” “Rizzoli & Isles,” “Supernatural,” “The Bachelor,” “Pretty Little Liars,” “Randy Jackson Presents America’s Best Dance Crew” and many more. Also produced by the company are first-run syndicated programs such as “The Ellen DeGeneres Show,” “TMZ” and “Extra,” among others, as well as animated shows “Scooby-Doo! Mystery Incorporated” and “Young Justice.”

WBTVG is an innovative leader in developing new business models for the evolving television landscape, including ad-supported video-on-demand, broadband and wireless, and has digital distribution agreements in place with all of the broadcast networks. Internationally, the Studio is one of the world’s largest distributors of feature films, television programs and animation to the worldwide television marketplace, licensing some 50,000 hours of television programming, including more than 6,000 feature films and 50 current series, dubbed or subtitled in more than 40 languages, to telecasters and cablecasters in more than 175 countries.

WBTVG provides original shortform programming for the broadband and wireless marketplace through its Studio 2.0 digital venture, and its digital media sales unit is devoted specifically to multiplatform domestic advertiser sales for both broadband and wireless. WBTVG continues its strategic expansion into digital production and distribution with the launch of several advertiser-supported entertainment destinations, including TheWB.com, a premium, video-on-demand interactive and personalized network and KidsWB.com, a premium destination built around youth-oriented immersive entertainment.

The final component of WBTVG is broadcasting: The CW Television Network, launched (in partnership with CBS) in September 2006 with quality, diverse programming, is targeted to the 18–34 audience.

Warner Bros. Animation’s combined classic and contemporary library currently boasts 14,000 animated episodes and shorts which air on domestic broadcast networks, as well as cable networks and in direct-to-video releases around the world. The classic library includes such brands as Looney Tunes, Merrie Melodies, Hanna-Barbera and Ruby-Spears as well as such beloved characters as Bugs Bunny, Daffy Duck, Sylvester, Tweety, Taz, Tom and Jerry, Popeye, Batman, Superman, the Flintstones, the Jetsons and Scooby-Doo.

Warner Bros. Home Entertainment Group brings together Warner Bros. Entertainment’s home video (Warner Home Video), digital distribution (Warner Bros. Digital Distribution), interactive entertainment/videogames (Warner Bros. Interactive Entertainment), direct-to-consumer production (Warner Premiere), technical operations (Warner Bros. Technical Operations) and anti-piracy (Warner Bros. Anti-Piracy Operations) businesses in order to maximize current and next-generation distribution scenarios. WBHEG is responsible for the global distribution of content through DVD, electronic sell-through and transactional VOD, and delivery of theatrical content to wireless and online channels. It is also a significant worldwide publisher for both internal and third party videogame titles.

In 2010, Warner Home Video dominated the U.S. market as the number one company in total sell-through video (DVD and Blu-ray combined) with 20.6% marketshare, theatrical catalog, TV on DVD, non-theatrical family and animation, Blu-ray and VOD. WHV has been the number one studio in overall DVD sales 14 consecutive years, and is also the leading studio in the international home video space.

With more than 3,700 active licensees worldwide, Warner Bros. Consumer Products licenses the rights to names, likenesses and logos for all of the intellectual properties in Warner Bros. Entertainment’s vast film and television library. With a global network of offices and agents in key regions throughout the world, including North America, Latin America, Asia and Europe, WBCP maintains an ongoing commitment to expand and build the power of its core brands’ recognition in the international marketplace through strong and creative merchandising, promotional marketing and retail programs.

DC Entertainment’s DC Comics has been in continuous publication for more than 60 years, and is the leading comic book publisher in the industry and the creator of some of the world’s most recognized icons. DC’s characters continue to headline blockbuster feature films, live-action and animated television series, direct-to-video releases, collectors’ books, online entertainment, digital publishing, countless licensing and marketing arrangements and, most recently, graphic novels. DC continues to attract new readers and fans all over the world with its signature characters Superman, Batman, Wonder Woman and Justice League leading the way.

Warner Bros. International Cinemas provides a true state-of-the-art movie experience to audiences in Japan with more than 60 multiplex cinemas and more than 600 screens internationally. One of the pioneers in multiplex development for the international marketplace, WBIC is continually exploring new markets for expansion. (Credit: Warner Bros. Entertainment)

Press Release

09 August 2010

MICROGAMING SET TO LAUNCH THE LORD OF THE RINGS™: THE FELLOWSHIP OF THE RING ONLINE VIDEO SLOT GAME

First Title to Utilize Proprietary Cinematic Spins™ Technology Allowing Players to Experience the Film with Every Spin

ISLE OF MAN – Microgaming today announced the imminent launch of a new flagship game, The Lord of the Rings: The Fellowship of the Ring Online Video Slot Game. This slot game is the first to utilise Microgaming’s new Cinematic Spins™ technology, allowing gamers to see clips from the films with every spin.

The Lord of the Rings: The Fellowship of the Ring is a new online slot game that is part of a multi-year licensing agreement Microgaming signed with Warner Bros. Digital Distribution in 2009. The company is developing a series of cutting-edge, graphic rich video slots based on this popular movie trilogy and will use animation material, themes, and characters, from the trilogy of The Lord of the Rings™ motion pictures that include The Lord of the Rings: The Fellowship of the Ring, The Lord of the Rings: The Two Towers and The Lord of the Rings: The Return of the King. These online slot games will be available to adults only in countries where online gaming is permitted.

The Lord of the Rings: The Fellowship of the Ring is the first online video slot to use Microgaming’s Cinematic Spins™ state-of-the-art gaming technology. This allows movie clips to act as moving backgrounds behind the reels during spins providing players an unprecedented level of excitement and immersion.

Win sequences and expanding wilds also use cinematic clips, instead of traditional animated graphics. The slots feature famous scenes from the film including Ringwraiths during the attack at Weathertop, Balrog in the Mines of Moria, and Uruk-hai in the woods of Middle-earth. Players will also enjoy seeing characters from the films that include Frodo, Aragorn, Saruman and the deadly Black Riders.

Roger Raatgever, CEO Microgaming comments: “Microgaming has always been ahead of the curve with innovative offerings, but this game really does push the boundaries of what an online slot can do. The Lord of the Rings: The Fellowship of the Ring looks and feels like an extension of the big screen film experience and we’re confident that our operators will see a great deal of demand from their players, when the game is released. This is an important deal for Microgaming and highlights our commitment to partner with the right brands, at the right time. The Lord of the Rings is one of the most successful and well loved brands on the planet and we are excited about combining this widespread appeal with Microgaming’s groundbreaking software.”

The Lord of the Rings Trilogy generated $3 billion in worldwide box office receipts and was nominated for a total of 30 Academy Awards®; of which they won 17, including Best Picture.

- Ends -
Notes to editors:
*Cinematic Spins is a trademark held by Microgaming

© 2010 New Line Productions, Inc. All rights reserved. The Lord of the Rings: The Fellowship of the Ring, The Lord of the Rings: The Two Towers, The Lord of the Rings: The Return of the King and the names of the characters, items, events and places therein are trademarks of The Saul Zaentz Company d/b/a Middle-earth Enterprises under license to New Line Productions, Inc.

For further information please contact:
Duncan Skehens / Laura Moss/ Lyndsay Haywood
Lansons Communications
020 7490 8828
DuncanS@lansons.com / LauraM@lansons.com / LyndsayH@lansons.com
Warner Bros. Digital Distribution

Peter Binazeski
818-977-5701
peter.binazeski@warnerbros.com
About Microgaming (www.microgaming.com)
Since the company developed the first true online Casino software over a decade ago, it has led the industry in providing innovative, reliable gaming solutions. Thanks to an unrivalled R&D programme, that averages 60 games per year and a unique ‘partnership’ approach to working with operators; Microgaming software powers over 160 market-leading online gaming sites.
The company’s front and back-end software supports multi-player, multi-language games - over 500 of them, all uniquely branded and provides platforms for land-based and wireless gaming. Microgaming powers the world’s largest Progressive Jackpot Network and has paid out over €265million. In May 2009 it created the biggest ever online jackpot winner with a single payment win of €6.37m.

As a founding member of eCOGRA, Microgaming is at the forefront of an initiative focused on setting the highest standards in the gaming industry, and leads in the areas of fair gaming, responsible operator conduct and player protection. Microgaming has been awarded eCOGRA’s Certified Software Seal following a rigorous onsite assessment to ensure that the development, implementation and maintenance of the software is representative of industry best practice standards Microgaming licensees are therefore eligible to apply for the eCOGRA Safe & Fair Seal.

About Warner Bros. Digital Distribution
Warner Bros. Digital Distribution (WBDD) manages Warner Bros. Home Entertainment Group's (WBHEG) electronic distribution over existing, new and emerging digital platforms, including pay-per-view, electronic sell-through, video-on-demand, wireless and more. WBDD also oversees the WBHEG's worldwide digital strategy, partnerships in digital services and emerging new clients and business activities in the digital space.

News

2009

With Time Warner sitting on $7 billion in cash, the Marvel deal has ignited rumours of a second wave of consolidation in the media industry. Dream Works Animation, home of Shrek, is seen as a potential takeover candidate, as is MGM with its huge library of classic films. The games firms Electronic Arts and Take Two Interactive, with its Grand Theft Auto franchise, are also being touted as potential buys.

Profile

Warner Bros. Entertainment, Inc. (also known as Warner Bros. Pictures, or simply Warner Bros.) is one of the world's largest producers of film and television entertainment.

It is a subsidiary of Time Warner, with its headquarters in Burbank, California and New York City. Warner Bros. has several subsidiary companies, including Warner Bros. Studios, Warner Bros. Pictures, Warner Bros. Interactive Entertainment, Warner Bros. Television, Warner Bros. Animation, Warner Home Video, TheWB.com and DC Comics. Warner owns half of The CW Television Network.

Founded in 1918 by Jewish immigrants from Poland, Warner Bros. is the third-oldest American movie studio in continuous operation, after Paramount Pictures, founded in 1912 as Famous Players, and Universal Studios, also founded in 1912.