Episode Details

29th Jan Crypto & Coffee at 8

💥OpenSea open to Acquisition ❗BlackRock’s IBIT $2B in AUM 🟠OKX Halts Mining Pool Services 🔥 US Gov to dump #btc?

🏦 OpenSea is having a hard time justifying its one-time $13.3 billion valuation. Devin Finzer, OpenSea’s CEO and co-founder, told DL News this week that the company is keeping an open mind towards deals. That may include being acquired itself. Info here http://tinyurl.com/6fu5fxmd

- CEO Devin Finzer said OpenSea has received acquisition interest but did — not specify when and by whom.

- NFT player is struggling to find its footing after a rough couple of years.

- He said Blur has ‘cut corners’ on its way to market dominance.

🏦 At its peak, OpenSea accounted for about 90% of the NFT sector’s market share. Now, its monthly trading volume has dwindled to $171 million, a 96% plunge from January 2022, according to data from Dune Analytics.

🔴 BlackRock Rich getting richer

❗ The BlackRock iShares Bitcoin ETF (IBIT) has become the first among recently launched spot bitcoin products to surpass $2 billion in assets under management (AUM). This milestone was achieved on Friday. Notably, Grayscale Investments’s GBTC, which was a closed-end fund before converting to a spot ETF, had almost $30 billion in AUM. On Thursday, investors added around $170 million to IBIT, enabling the fund to acquire nearly 4,300 bitcoin (BTC). This increased the total tokens held by the fund to 49,952. As the price of bitcoin exceeded $40,000 on Friday, the AUM for IBIT rose above $2 billion. More info via CoinDesk here http://tinyurl.com/w3tnsbk7

💡 As of January 26, 2024, OKX has ceased its crypto mining pool and associated services. New user registrations are no longer accepted. Existing users will maintain access to these services until February 25, 2024, providing them with a transition period to make necessary adjustments to their mining operations. Afterwards, the platform will discontinue all mining-related services. This signals the end of an era for many users who have relied on OKX for crypto-mining activities. Info via Finance Magnates here http://tinyurl.com/mrzudrun

❗ US Gov to dump #btc? Legit or #fakenews

- News circulating by crypto-focused mainstream media that states US Government to Selling $130M Worth of Bitcoin From Silk Road. NEWSBTC, 

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