Episode Details

11th May: Crypto & Coffee at 8
🚀 Bidenflation 4.9% 💥Marathon Digital Holdings mining operations in Abu Dhabi 🚨 Tether.to USDT $1.48B profit, 🔥Grayscale Investments files for 3 ETS, ⚡ Boba Network new record!

🚀 Bidenflation at 4.9%: CPI numbers can be found via the Bureau of Labor Statistics here https://lnkd.in/dZBYUEsx How will this impact the price of Bitcoin & Cryptocurrency?

❗ Inflation slowing down should positively reflect on the price❗

🚨 Check the Blockchain DXBs podcast we cover this in detail & share our thoughts & commentary on this. The podcast link is here.
- Spotify https://lnkd.in/d_SWRc7c
- Apple https://lnkd.in/dGDejh5q
- Google https://lnkd.in/dSbY7p58
- Anghami https://lnkd.in/dFUtiDWe

🔥 Bitfinexs Tether.to USDT’s latest Q1 2023 assurance report shows a reserves surplus at an all-time high of $2.44B, up $1.48B in Net Profit. Very strange considering the fact the 24-hour volume in 2023 has been the lowest since inception. Blog here https://lnkd.in/dtf4k-Kj The audit was done by BDO Italia

- Tether USDT market cap: $82.52B
- Tether USDT 24-hour volume: $30.03B

The blog states Tether closed the first quarter of 2023 with $81.8B in consolidated total assets. The majority of its reserves are invested in US Treasury Bills.
 

🚨 Grayscale Investments introduces Grayscale Funds Trust and Files for 3 ETFs They mentioned via @Twitter that they are proud to announce the formation of Grayscale Funds Trust, a Delaware statutory trust structure that enhances our capabilities as a global asset manager. More info on this here https://lnkd.in/dcUhfYtW

🚨 It’s important to note that there exists an unsettled battle between Grayscale and the U.S. Securities and Exchange Commission, rooted in the conversion of the $17 billion Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF product. Craig Salm Grayscale’s Legal Office has pointed out that, the SEC has been partial in denying the company’s application