Episode Details

12th Feb: Blockchain DXB Podcast

🔥USA Inflation numbers today 💯No Digitial $$$ Fed confirms 🚨Solana ETF Update ❌National Bank of Poland rejects BTC reserves

🔥Bidenflation numbers will be released later today via the Bureau of Labor Statistics at 8:30 A.M. Eastern Time (17:30 GST). The only website to check Inflation is https://www.bls.gov/cpi/ 

It is important to note this data will be for the month of Jan 2025. Check out today's Blockchain DXB episode we share our commentary on this & what impact will it have on the price of #BTC & #Cryptocurrency

⚫During a Senate Banking Committee hearing, Senator Bernie Moreno (R-OH) asked Federal Reserve Board res Chair Jerome Powell to commit to never issuing a CBDC under his leadership. Powell responded, “Yes,” firmly ruling out a U.S. CBDC while he remains in charge. Senate hearing via YouTube here https://rb.gy/0pb89h

- Debanking: Powell committed to addressing the exclusion of legal businesses, including crypto firms, from banking services.

- Stablecoins: He acknowledged their potential and supported regulatory efforts.

- Economy & Bitcoin: Powell sees no urgency for rate cuts, while Bitcoin dropped over 2% on Tuesday.

🚨 Several Solana ETF applications, including those from Canary Capital, VanEck, 21Shares, and Bitwise Inc, have entered the SEC's 21-day public comment period. This marks a significant step for bringing Solana (SOL) into mainstream finance. The SEC’s review is seen as part of a broader shift towards more favourable regulatory attitudes under the current administration, compared to the previous regime. 

- Market observers are optimistic that Solana and other altcoins may soon see ETF approvals, though the exact timing remains uncertain. Grayscale’s Solana ETF application is ahead in the process and could serve as a key indicator for the others. Info via CoinDesk https://shorturl.at/xmrHW

🏦 The National Bank of Poland (NBP) will not hold Bitcoin reserves “under any circumstances,” according to its president, Adam Glapiński. He stated that assets must be “absolutely secure” to be included in reserves and compared BTC unfavourably to gold, which helped increase the bank’s reserves by 22% last year. While he acknowledged Bitcoin’s significance, he dismissed it as a “permanent, safe element” for the NBP’s holdings. Info via Business Insider here https://shorturl.at/JSvjw

🟠 Two UAE news

⚡ DUBAI FUTURE FOUNDATION, IBM join forces to make Dubai a global AI hub

⚡ Qareeb & Pantheon forge strategic partnership for the rollout of Bitcoin mining data centres across GCC

For slides click here: https://shorturl.at/ZQjwI 

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