Daily Crypto News Matthew Diemer: Bitcoin, Blockchain, Crypto, Ethereum, NFT, Daily, News, Web 3.0

It’s our weekly roundup. Let’s dive into what caught our attention over the past week.
First up, let's talk about Sarah's new nails – a rainbow of colors. She’s got her own unique style going, and it’s honestly the simplest nails she's ever done. When I asked if she did them herself or went to a Korean salon, she surprised me by saying she goes to a Russian one. Always full of surprises, Sarah.
Anyway, let’s get into the news. On Friday, Sarah highlighted PayPal’s stablecoin, PYUSD, launching on Solana. Previously limited to Ethereum, this move could boost their market dominance despite their current low market share. Sarah’s skepticism about the need for another stablecoin, given the dominance of USDT, USDC, and DAI, made for a great discussion. With Tether reporting a $6.2 billion profit in 2023, it’s clear there’s big money in stablecoins.
On Monday, Sarah passed the mic to me to cover Biden’s veto of the SEC’s Staff Accounting Bulletin 121, which was a guidance on crypto custody by companies. Congress felt the SEC overstepped, but Biden backed the SEC, signaling potential anti-crypto sentiments. This move seemed more about supporting his appointed SEC chair rather than a direct stance against crypto. It’s a classic case of office politics in action.
Tuesday was all about Roaring Kitty, the man behind the GameStop frenzy. He revealed he holds over $200 million in GameStop shares, causing the stock to surge 48%. This raised questions about market manipulation, but as Sarah and I discussed, it’s more about his influence and less about any foul play.
By Wednesday, Bitcoin was back in the spotlight, crossing $71,000 with $880 million in ETF inflows. Fidelity, BlackRock, and ARK were major players, while Grayscale saw outflows. We debated the potential for Bitcoin’s value, with predictions ranging from conservative to wildly optimistic. The real question is, can the market sustain these high valuations?
Finally, on Thursday, we discussed the innovative vision of Carl Pei and the Nothing Phone. Pei’s idea of integrating AI deeply into our phone usage could revolutionize how we interact with technology. The challenge will be balancing convenience with privacy concerns, as AI would need significant access to personal data to function effectively.
That’s a wrap for this week’s review. Thanks for tuning in, and we’ll see you next time. Happy HODLing!

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Arweave's acquisition of the near-death social media Odysee signals a bold move to challenge major platforms like Twitter. Arweave aims to leverage its decentralized technology to offer a robust alternative to traditional social media, pushing the boundaries of Web3 integration in social networking.
Mountain Protocol's recent funding round aims to introduce the USDM stablecoin to the Solana blockchain, enhancing the network's stablecoin offerings and fostering greater financial stability and utility. Telegram's TONcoin, has reached an all-time high, reflecting strong market confidence and growing adoption. This surge underscores the potential of integrating various in-app games, and new currency Stars.
In Asia, Bybit appears to be enabling registrations and authentications in China despite regulatory challenges, indicating a strategic effort to tap into one of the world's largest markets. On the other side of Asia, Japan-based DMM Bitcoin is planning to raise funds following a recent hack. The market hopes that they will compensate the users avoiding another Mt.Gox-like situation.
McDonald's has launched "My Happy Place" metaverse in Singapore, blending virtual reality with its brand experience. Additionally, South Korean financial regulators are pushing for tighter oversight of cryptocurrency exchanges, and 7 exchanges are closing down real-time.
https://substack.com/@dcndailycryptonews
Today’s News👇
https://www.dlnews.com/articles/web3/arweave-acquires-crypto-social-media-app-odysee-we-havent-won-until-it-replaces-twitter/ 
https://www.dlnews.com/articles/markets/mountain-protocol-raises-to-bring-usdm-stablecoin-to-solana/
https://decrypt.co/234246/telegram-ton-linked-stars-currency-toncoin-all-time-high 
https://www.businesskorea.co.kr/news/articleView.html?idxno=218599 
https://www.cryptonewsz.com/bybit-appears-to-enable-registrations-and-authentications-in-china/ 
https://cryptonews.com/news/japan-based-dmm-bitcoin-plans-to-raise-funds-post-hack.htm 
https://www.cryptonewsz.com/mcdonalds-launches-my-happy-place-metaverse-in-singapore/ 
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! 
©Copyright 2024 Matthew Aaron Podcasts LLC


Hosted on Acast. See acast.com/privacy for more information.

https://substack.com/@dcndailycryptonews
News Links 👇
https://www.coindesk.com/business/2024/06/06/robinhood-to-buy-crypto-exchange-bitstamp-in-effort-to-expand-outside-the-us/
https://decrypt.co/233925/coinbase-debuts-smart-wallet-gunning-to-bring-1-billion-users-to-crypto
https://decrypt.co/234012/gary-gensler-asked-about-bonk-etfs-ethereum
https://unchainedcrypto.com/cosmos-hub-resumes-block-production-after-4-hour-outage/
https://decrypt.co/234063/nothing-phone-3-ai-companion
https://decrypt.co/233986/jil-sander-maison-margiela-marni-fashion-on-chain-authentication
https://decrypt.co/234022/bitcoin-price-71600-after-canada-cut-interest-rate-below-5-percent
 
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! 
©Copyright 2024 Matthew Aaron Podcasts LLC

Hosted on Acast. See acast.com/privacy for more information.

https://substack.com/@dcndailycryptonews
News Links 👇
https://www.coindesk.com/markets/2024/06/05/bitcoin-crosses-71k-as-btc-etfs-see-880m-inflows-in-best-day-since-march/?_gl=1*8lr4fm*_up*MQ..*_ga*MTQ3MTU1NTYxOS4xNzE3NTkyMTMx*_ga_VM3STRYVN8*MTcxNzU5MjEzMC4xLjAuMTcxNzU5MjEzMC4wLjAuMTU1MTc0ODEwMg..
https://decrypt.co/233874/ethereum-etf-5-billion-first-five-months
https://decrypt.co/233821/notcoin-giving-1-million-telegram-game-pre-market-traders
https://unusualwhales.com/news/blackrock-blk-and-citadel-securities-fund-plans-to-start-a-new-national-stock-exchange-in-texas-to-take-on-the-new-york-stock-exchange
https://www.coindesk.com/business/2024/06/05/crypto-firms-hit-by-newsletter-breach-attack-mailing-lists-leaked/?_gl=1*8lr4fm*_up*MQ..*_ga*MTQ3MTU1NTYxOS4xNzE3NTkyMTMx*_ga_VM3STRYVN8*MTcxNzU5MjEzMC4xLjAuMTcxNzU5MjEzMC4wLjAuMTU1MTc0ODEwMg..
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! 
©Copyright 2024 Matthew Aaron Podcasts LLC

Hosted on Acast. See acast.com/privacy for more information.

https://substack.com/@dcndailycryptonews
News Links 👇
https://decrypt.co/233358/biden-veto-sab-121-resolution
https://decrypt.co/233703/epoch-times-cfo-charged-crypto-money-laundering
https://decrypt.co/233610/etrade-ban-roaring-kitty-gamestop-holdings-48-percent-wsj
https://www.dlnews.com/articles/defi/ethereum-layer-2-linea-pauses-chain-after-velocore-exploit/
https://unchainedcrypto.com/455000-tokens-launched-on-solana-in-may-report/
https://bitcoinmagazine.com/business/thailand-approves-the-first-spot-bitcoin-etf
 
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! 
©Copyright 2024 Matthew Aaron Podcasts LLC


Hosted on Acast. See acast.com/privacy for more information.

In the cryptocurrency sector, Bitcoin is showing bullish signals with the cross between a bull flag pattern and MACD suggesting a potential move towards a new all-time high. These technical indicators are creating optimism among traders and investors about Bitcoin's price trajectory. This sentiment is echoed by traders on social media platforms, who are closely monitoring these patterns for potential breakout signals.
Ethereum spot ETFs are making headlines as they may signify an end to the longstanding regulatory battle with the SEC. The approval of these ETFs can be seen as a milestone that could pave the way for broader acceptance and investment in cryptocurrencies, enhancing market liquidity and stability. 
On the political front, Changpeng Zhao, former-CEO of Binance, has reportedly begun his prison sentence in California. While that’s happening, the US President Joe Biden's recent veto of the SAB 121 resolution has also drawn attention. This veto blocked legislation aimed at reversing key regulatory measures, reflecting the administration's commitment to maintaining stringent oversight in various sectors, including financial regulations. Internationally, El Salvador's President Nayib Bukele continues to serve his country for the second time. 
https://substack.com/@dcndailycryptonews 
Today’s News👇
https://cointelegraph.com/news/bitcoin-bull-flag-joins-macd-to-tease-new-btc-price-all-time-high-next 
https://x.com/TATrader_Alan/status/1797227897624867001 
https://decrypt.co/233357/ethereum-etfs-may-have-ended-sec-war-crypto 
https://www.dlnews.com/articles/people-culture/changpeng-zhao-reportedly-begins-prison-sentence/ 
https://decrypt.co/233358/biden-veto-sab-121-resolution 
https://cointelegraph.com/news/el-salvador-nayib-bukele-president-bitcoin 
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! 
©Copyright 2024 Matthew Aaron Podcasts LLC


Hosted on Acast. See acast.com/privacy for more information.