Episode Details

10th Jan Crypto & Coffee at 8
🔥 SEC Twitter (X) compromised — NO Spot ETF Bitcoin yet, 💡Why Spot BTC approval sucks balls 🚨Bitcoin Fork due to Ordinals? Solana 2,500 developers ❗ Mercari (Japan) to Enable Bitcoin Payments

❗ Spot Bitcoin ETF Drama
- U.S. Securities and Exchange Commission mentioned via Twitter (X) that The X account was compromised, and an unauthorized post was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products. https://lnkd.in/dYA2Uk6Q Gary Gensler also tweeted a few hours ago “If you’re considering an investment involving crypto assets, be cautious.” This page is temporarily unavailable.

Defi🚀 but Crypto market + Bitcoin is 🔻 However Steven McClurg, co-founder of crypto asset manager Valkyrie, predicts that the SEC will approve a spot Bitcoin ETF “sometime after the market closes on Wednesday,” with trading beginning on Thursday. Fortune https://lnkd.in/dTYTU3cq

📊 K33 Research predicts that Spot Bitcoin ETF Approval Will Trigger ‘Selling Pressure’ on CME Futures Market. A report here https://lnkd.in/dSgKUKnw states CME bitcoin futures open interest hit $6.2 billion Tuesday as institutions increasingly bet on a spot bitcoin ETF approval. The trend may soon reverse as investors will quickly unwind positions if ETFs get approved, K33 Research predicted.
Check out Blockchain DXB’s Crypto & Coffee at 8 podcasts we share our commentary on this.

🚨 Bitcoin Fork? v27
❗ The upcoming Bitcoin Core v27 update seeks to remove Ordinals from the Bitcoin blockchain. Advocates of this feature are encouraged to fork to a separate chain that accommodates their preferences. Luke Dashjr mentioned via X here https://lnkd.in/dexMB-vH that “Inscriptions” are exploiting a vulnerability in #Bitcoin Core to spam the blockchain

- Bitcoin Core v27 will make future Ordinals impossible on the Bitcoin blockchain
- Bitcoin Ordinals could proliferate on their own chain

🔵 The Solana Foundation has seen a notable 50% rise in developer retention on its network in the past three months, with the Solana ecosystem now boasting over 2,500 active developers per month. Recent data from the foundation revealed that throughout 2023, the network consistently maintained a developer base ranging from 2,500 to 3,000 active developers. Report here https://lnkd.in/dsdNmwWf

🛒 Mercari, a Japanese e-commerce company, intends to enable users to buy products using Bitcoin by June. The facilitation of Bitcoin pay