Episode Details

29th May: Crypto & Coffee at 8
💥US debt limit ❗ Binance BUSD market cap is down by over 60% ❗ Bitcoin stablecoin via Ordinals ❗ Earn less than $0.15c ents in Bitcoin by Playing Mobile Solitaire

🚨 Head of Extreme left-leaning administration mentioned via Twitter that “Speaker Kevin McCarthy and I reached a budget agreement in principle” tweet by Biden here https://lnkd.in/dmwcMmE5

❗ Key info from the tweet: The agreement represents a compromise, which means not everyone gets what they want. That’s the responsibility of governing.

🚨 How will this news impact the price of Bitcoin?
- Bitcoin UP
- Bitcoin DOWN

💥 Check out the Blockchain DXB podcast where we examine this in detail and share our commentary on the US debt ceiling, the global crypto market, #Defi, #stablecoins and more
 

🚨 Stably: A Dollar-Backed Stablecoin on Bitcoin Using Ordinals Protocol Bitcoin Ordinals is the new hype in 2023, Stably debuted Stably USD in 2019. It’s got a $7 million market capitalization across 11 blockchains, according to its April attestation.
Decrypt has more information on this here https://lnkd.in/dngMbVAm check our podcast for commentary on this

The latest attestation report shows it’s got a market capitalization of $7 million across 11 different blockchains, including Ethereum, BNB Chain, and Arbitrum.
 

❗ Some more information
- U.S.-based Stably, which calls itself a fiat onramp for crypto trading, has announced its BRC-20 U.S. dollar-backed stablecoin on Twitter. But there are a few red flags.

- For starters, the total supply: $69.420 trillion, according to the company’s website. That’s more than double the U.S. national debt and likely a nod to meme culture. And things seem to be off to a slow start. Their documentation links to a reserve wallet with a $220 balance at the time of the article.

- While Stably claims its subsidiary, Stably Trading LLC, is a registered money transmitter, the registration number and address on their website don’t match what’s listed on the FinCEN website under “Stably Trading, LLC.”
 

💥 Binance BUSD market cap is down by over 60% since Security Exchange Commission went after Binance in the first quarter of 2023 Its important to note the CFTC and the Security and Exchange Commission — and the SEC almost doubled its crypto and cyber teams in 2022

❗ Changpeng Zhao tweeted on February 17, 2023, that the BUSD market capitalization has dropped from $16.1 billion to $13.7 billion. As of today, 29th May 2023 Binance BUSD market cap is $5.27 Billion
 

💥 Earn Bitcoin by Playing Mobile Solitaire Game
- Decrypt article provides a list of games u can play & ear