Crypto News Live: Bitcoin, ETH, Polygon, Tesla, HUT8, Coinbase, ARK and more

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Live Crypto Market Update

0:00 Intro

0:10 The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.

1:00 Guggenheim Bags Still Not Full
85% drawbacks
Not excited by 20K
Waiting for 15K
Gugg Target $600K
Hope the truth comes out that they have been buying

2:00 Whales Winning – Retail Losing

3:00 Tons of Dry Powder
“Supply of stablecoins on exchanges reached new ATH (all-time high) of $17 billion.

4:00 Bitcoin Dramatically Undervalued
Only 3 times in history have we been this low

5:00 Cathie Wood ARK BTC ETF
Cathie Wood’s ARK Invest filed with the Securities and Exchange Commission on Monday to create a bitcoin exchange-traded fund. Wood — a longtime bitcoin bull — has been buying up

6:00 Speaking of Big Buyers GBTC
From Lyn Alden – When the new competition came in such as MSTR and Canadian ETFs the biggest BTC buyer stopped buying when the discount began. ARK still buying GBTC as reported last week

7:00 Binance Update
Binance is ending its services in Ontario, Canada as crypto exchanges in the province face heightened regulatory scrutiny. In a statement, the global crypto exchange says that Ontario has become a restricted region effective Saturday, June 26th. It also asks users in the province to close their accounts by the end of the year.

8:00 UK & Binance
Canada Japan and UK – need more reg to approve more ETFs. UK users can use it but no longer trade derivatives – it is a fluid situation. On Saturday, the Financial Conduct Authority, the U.K’s financial regulator, warned that Binance Markets Ltd., an affiliate of Binance, is not allowed to undertake any regulated activities without prior written approval.

8:30 Mainstream media misleading

9:00 What Happens When you Threaten a Ban!

10:00 Ethereum transaction fees have dropped to their lowest since December because blockchain activity has cooled while use of Ethereum layer 2 solution protocols such as Polygon (MATIC) has heated, according to blockchain data and analysts. Ethereum blockchain was $4.42, according to data from Coin Metrics. That’s down from fee levels above $60 as recently as mid-May.

11:00 Germany is in With Coinbase

12:00 At $225, Coinbase Stock Is A Solid Bet On Crypto

13:00 The BWord
The B Word is a Bitcoin-focused initiative that aims to demystify and destigmatize mainstream narratives about Bitcoin, explain how institutions can and should embrace it, and raise awareness around areas of the network that need support.

14:00 Happy Birthday Elon

14:30 BTC Inflation
Bitcoin’s inflation rate per annum is 1.77%

US $ Inflation is more than 7%

15:00 From Willy Woo – 200 years avg return on Stocks 6.7% – Bonds 3% but that is gone. Gold 0.6% per year – ie flat. Bitcoin 200% per year. What is in your wallet?

16:00 Ethereum Gas Fees

16:30 SafeDollar & Polygon

17:00 China Shut Down

17:30 Iran Jumping In
The hash rate won’t be down for long, however. Miners have since migrated to other countries, such as the US and Kazakhstan, while nations like El Salvador are toying with a state-owned mining farm powered by volcanic activity.

18:00 HUt8 Making Hay

Crypto News Live: Bitcoin, ETH, Polygon, Tesla, HUT8, Coinbase, ARK and more

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Kane Dane