2023-07-10

🧩 Did Buterin Just Solve Bitcoin's Crisis?

Howdy, crypto fans,

I wonder what this week has in store for us.

Let’s jump straight in.

  • 🏎️ Buterin's Bitcoin Boost

  • 💰 Kennedy's Crypto Coinage

  • 💥 Bitcoin's BlackRock Boom

👀 Buterin Eyes Bitcoin's Evolution: Urges Adoption of Ethereum's Layer-2 Tactics

In the endless saga of crypto-evolution, Ethereum co-founder, Vitalik Buterin, recently dropped a Bitcoin bombshell. 

Speaking on a Twitter Space, he urged the Bitcoin network to embrace scalable solutions like Ethereum's zero-knowledge rollups (ZK-rollups), aiming to boost its performance beyond just payments.

ZK-rollups, Ethereum's magic carpet, allow for faster transaction verification without exposing sensitive user data - a sort of cryptographic invisibility cloak. 

Vit does have a slight resemblance to Harry Potter!

Buterin highlighted the success stories of Ethereum's rollups Optimism and Arbitrum, like proud photos in a family album, suggesting them as useful role models for Bitcoin.🎞️

With Bitcoin's Layer-2 solution, the Lightning Network, making significant strides and the rapid rise of Bitcoin Ordinals, the latest Layer-2 offering decentralized digital art storage, the tables are turning. 

Buterin even tipped his hat to the resurgence of the "builder culture" within the Bitcoin ecosystem, thanks to Ordinals. 

Bitcoin Ordinals trading volume already soared over $210 million in June alone - showing these new kids on the blockchain aren't just playing around.

Let’s take things Step by Step! 🙊

Jobs of the Week!

TradeStation

Chicago

TradeStation seeks Client Services Representatives for end-to-end client support, including live and simulated trading assistance, platform troubleshooting, and liaising with other departments. Requires a college degree, 4-6 years in financial services, and Series 7, 63, and 3 licenses.

💰 Bitcoin Bet: Robert F. Kennedy Jr.'s Crypto Adventure Unfolds Post-Miami Conference

Like a plot twist in a thriller, US presidential candidate Robert F. Kennedy Jr., contrary to his previous statement, has donned the hat of a Bitcoin investor. 

As of the end of June, the cat was let out of the bag by a CNBC-obtained record, revealing Kennedy Jr.'s Bitcoin hoard, valued between $100,001 and $250,000.💸

At Bitcoin 2023 in May, Kennedy announced that his campaign would be the first to welcome Bitcoin donations, giving a new tune to the old campaign finance song. 

Yet, Kennedy Jr. then played the 'non-investor' card, claiming, "I am not an investor, and I am not here to give investment advice."

Always DYOR! 

Yet, it marks a significant move in Kennedy Jr.'s chess game against President Joe Biden, banking on the crypto community's support in his campaign's narrative.

Could this be the checkmate move? 🤔

This comes amid a tense period for the US crypto industry, facing SEC crackdowns, underlining Kennedy Jr.'s crucial role in this unfolding crypto drama.

💥 BlackRock's ETF Bid Ignites US Bitcoin Accumulation, Claims On-Chain Analyst

According to on-chain analyst William Clemente, the Bitcoin (BTC) rollercoaster seems to have taken a thrilling climb following BlackRock's ETF bid. 

In a recent chat with BTC enthusiast Anthony Pompliano, Clemente decoded the uptick in BTC accumulation among US investors triggered by the BlackRock ETF announcement.

His crypto-crystal ball revealed three key indicators of this trend. 

First, examining various trading sessions showed a significant uptick in market activity among US-based entities. 

Like a detective piecing together a puzzle, Clemente noted, "The US has been more actively bidding BTC relative to those other trading sessions." 🧩

Second, the Bitcoin tide seems to have risen "marginally higher" on Coinbase than other exchanges, indicating an increased presence of US firms. 

Lastly, like a shark smelling blood, Clemente spotted a spike in CME futures open interest for BTC post-BlackRock's ETF bid, indicating a stronger appetite among US institutions for Bitcoin. 🦈

As BTC surfs on this wave of interest, the crypto world awaits the next thrilling turn of this rollercoaster ride. 

DailyCoin Daily Meme

XRP Whales Capitalize on Price Fluctuations to Tune of $570M

The findings highlight the significant influence these entities possess, as their unconventional transactions have started to...

Circle and Tether Clamp Down on Multichain Exploit with $65M Freeze

Circle and Tether, two prominent stablecoin issuers, have taken action by freezing more than $65 million in assets related to a suspected exploit of...

How Musk’s Proposal for Zuckerberg Impacted Dogecoin’s Price

The spicy rivalry between two of the biggest tech moguls just approached the next level. Since Threads, a new social platform by Meta, launched...

    Thanks for joining us!

    If you're hungry for more, there's always 

    .

    See you next time for more crypto fun!