Welcome, DailyCoiners,

Bitcoin held the $30k line over the weekend; hi-fives all round!

Long may it last!

Let’s dive into today’s stories.

• ❓ Bitcoin: ETF Catalyst?

• ☠️Crypto: A Dangerous Game?

• 🎲Hacker's Gamble Ends

💥 Bitcoin Stays Afloat Over $30,000 Amid ETF Buzz

Despite the volatile waters of the crypto market, Bitcoin managed to stay above the $30,000 mark, like a sturdy ship resisting the storm. 

This resilience comes after a week of traditional financial institutions showing an interest in the crypto leader. 🤔

On Friday, the US Securities and Exchange Commission (SEC) approved the nation's first leveraged Bitcoin futures ETF, further validating Bitcoin's relevance in mainstream finance.

It seems they have realized crypto isn’t going away!

Amid this, other top 10 non-stablecoin cryptocurrencies saw a surge. 

The NFT market was also buzzing, with notable sales in Bored Ape Yacht Club collections. 💰

These developments illustrate that cryptocurrencies, just like classic rock songs, might undergo some fluctuations, but they are here to stay and will continue to make noise.

Rock on, baby!!

Jobs of the Week!

Associate, Financial Modelling

BlackRock

New York

Create analytic systems, develop algorithms, prototypes, and predictive models, and enhance the firm's analytics in Python. Requires a related Bachelor's degree, 24 months' experience, and a hybrid work model. Salary is $157,500 – $161,500, plus benefits.

Manager, Identity and Access Management

Cash App

San Francisco

​​Block seeks IAM Lead for Service Delivery, managing security plans, user identity lifecycle, and process improvements. Requires 3 years of leadership experience, ideally in IAM, and 5 years in a related field. Benefits included.

Option/ Derivatives Quant Trader, Americas

Crypto.com

United States

Crypto.com seeks a Derivatives Trader with 3+ years of experience and a quantitative degree. The role involves risk management, derivatives trading, post-trade analysis, and strategy implementation. Benefits include competitive salary, insurance, and flexible hours.

🎲 ECB Executive Brands Crypto as 'Deleterious' and a Gamble

Fabio Panetta, an executive board member of the European Central Bank (ECB), is treating cryptocurrencies like a dangerous beast lurking in the finance forest. 

At the 22nd Bank for International Settlements Annual Conference, Panetta labeled digital assets as "deleterious," contending that they offer no societal benefits.

It’s almost like he has an ulterior motive! 🤔

Comparing trading in digital assets to gambling, Panetta stated that legislators should not champion the crypto industry but scrutinize it under a microscope and establish strict regulatory standards. 

He likened cryptocurrencies to a problematic software update, riddled with market failures and negative consequences, requiring protective safeguards.

Panetta also encouraged the public sector to resist endorsing cryptos and instead concentrate on developing reliable digital settlement assets, such as Central Bank Digital Currencies (CBDCs).

This stance begs the question: 

Will other authorities see cryptos as wolves in sheep's clothing, or could they embrace them as part of the herd?

🇬🇧 Brit Hacker Bagged for Impersonating Big Shots in Bitcoin Scam

A UK citizen, alias "PlugwalkJoe," has hit a dead end in his online crime spree, getting a five-year vacation to prison courtesy of a New York court. 

The tech whiz, known in real life as Joseph James O'Connor, impersonated US political and business luminaries on Twitter as part of a Bitcoin scam and pulled off a SIM swap attack to steal significant amounts of crypto.

O'Connor's masquerade saw him wearing the digital masks of former US President Barack Obama, current President Joe Biden, Amazon founder Jeff Bezos, and Warren Buffett. 👺

O'Connor expressed remorse for his actions in court, pledging a law-abiding future and stating his desire to lead a meaningful life. 

Does he still have treasure stashed out there somewhere? 🏴‍☠️

Time will tell if this tech-savvy trickster will make good on his promise or fall back into old patterns.

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