Episode Details

04th April: Crypto & Coffee at 8
❗ Franklin Templeton & Bitcoin Ordinals ❗ Ethereum ETF update 😱US govt transfer 30,174 (Silk Road to Coinbase) 🔥KuCoin Market Share Slashes in Half

🚀 The Rise of Bitcoin Ordinals
❗ Franklin Templeton mentioned via Twitter (X) The Rise of Bitcoin Ordinals
https://lnkd.in/dACU7Pcc Franklin Templeton Digital Assets notes a surge in Bitcoin NFTs, particularly Ordinals, reflecting positive momentum in digital asset innovation. The firm highlights the growth of Ordinal collections like NodeMonkes and Runestone, indicating increased dominance in trading volume compared to ETH. Franklin Templeton has shown progressive interest in digital assets, investing in infrastructure startups, with Runestone gaining attention as a significant NFT collection.

💡 The U.S. Securities and Exchange Commission is seeking public input on proposed rule changes allowing three spot Ether exchange-traded funds (ETFs) to be listed and traded on exchanges. Bitwise Inc, Fidelity Investments, and Grayscale have submitted proposals, with a 21-day comment period. The SEC’s final decision, expected in May, has prompted concerns, with analysts noting the absence of communication as potentially concerning. However Bloomberg ETF analyst James Seyffart, CFA, CAIA expressed concern on April 2, noting that the lack of communication from the SEC does not indicate any changes in the situation regarding Ethereum ETF approval His tweet here https://lnkd.in/dSW48H8k

🚨 23rd May we find out the outcome! How will it impact the price of Ethereum?

👀 On 2nd April The US Government transferred 0,174 hashtag#Bitcoin worth $2.1 
billion seized from Silk Road to Coinbase. The wallet reportedly linked to the U.S. Justice Department (DOJ) initiated a 0.001 BTC transaction to a Coinbase Prime address. However, shortly afterwards, the wallet transferred 30,174 BTC. 
❗ Anyone can validate the transaction here https://lnkd.in/dWUarejf
👀 The power of Open Blockchain is Publicly Verifiable! Internet Detectives identified that the Bitcoin-holding wallet was seized from James Zhong, who was convicted in 2022. For context, Zhong was convicted for stealing over 51,680 bitcoins from the online black market Silk Road between 2012 and 2014. 

🔥 KuCoin, a major crypto exchange, sees its market share halve after US regulators file complaints alleging illegal activities. Users withdraw funds in panic, causing trading volume to plummet by 75%. Despite challenges, KuCoin remains operational and initiates a $9 million airdrop for affected users. Regulatory scrutiny persists as founders remain at large.

🟠Two UAE news (See slides)
⚡ First Abu Dhabi Bank (FAB) Bank partners 

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