This is a Big Week For Crypto!🚀

Tons of important events and items are on deck for crypto is this week.

Hey Thinkers 💡

This is a big week for crypto. Here are the top items I’m paying attention to:

Bitcoin Bottom

Will we see the Bitcoin price bottom this week and start the reversal upward? It’s possible as the DXY continues to break down and both the S&P 500 and Nasdaq have hit new record highs. There is a lot of fear in the crypto market right now as Bitcoin continues to bounce around below $60,000. Keep an eye on the market dynamics and global financial indicators, as they might hint at the next big move for Bitcoin.

Ethereum Spot ETF Approvals

CNBC is reporting that the SEC may approve the Ethereum Spot ETFs as soon as this week or next. Today is the deadline for the S-1 amendments for all of the filers. Approval of the ETH ETFs could be the catalyst to help Bitcoin and the crypto market to turn bullish again and spark the reversal upwards. This could mark a significant milestone for Ethereum and the broader crypto market.

Democrat Crypto Roundtable

Congressman Ro Khanna is hosting a crypto roundtable on Wednesday with the Biden Administration, billionaire entrepreneur Mark Cuban, and industry leaders. This is the Congressman’s attempt to help get the Biden administration to embrace crypto. The big question is, will it work? Elizabeth Warren, leader of the Anti-Crypto army, is the one influencing President Biden on crypto and who has empowered Gary Gensler to attack the industry.

My hope is Ro Khanna can make an impact as he and other Democrats see the writing on the wall that they will lose elections if they continue with the anti-crypto narrative, especially as Donald Trump continues his campaigning around the matter.

Repeal SAB 121 Round 2

The House will vote to overturn President Biden’s veto of the SEC's SAB 121 on Wednesday at 4:15 PM. A 2/3 majority vote would be needed to get the veto overturned. If Democrats join with their Republican colleagues again, it would signal a major loss for Elizabeth Warren, Gary Gensler, and President Biden. This vote could have significant implications for the future regulatory landscape of the crypto industry.

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📰 Latest Crypto News:

• The German government transferred thousands of bitcoin to exchanges and market makers on Monday. It first transferred 133.722 bitcoin to market maker Cumberland DRW before sending 5,200 bitcoins to market maker Flow Traders, 2,350 bitcoins to Bitstamp, 2,050 bitcoins to Coinbase, 1,250 bitcoins to crypto exchange Kraken, and 1,000 bitcoins to the B2C2 Group, according to blockchain analytics platform Arkham. - The Block

• Coinbase Ventures has invested $1 million in a strategic funding round for Ampleforth Foundation’s decentralized low-volatility commodity money, SPOT. SPOT is set to launch on the Coinbase-incubated Ethereum Layer 2 Network Base as part of the deal. - The Block

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📈Crypto Market Metrics

Here are some key data points from Santiment

Top 10 Coins Trending via Social Media

Developer Activity

The top 10 coins with the most developer activity over the past 30 days.

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💥Thank You to my show Sponsors

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📺 Recent Interviews

Chris Perkins, president at CoinFund, talks about how crypto funds invest in crypto and make money.

Jeremy Allaire, CEO of Circle, talks about the latest updates with USDC and Stablecoin adoption.

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📖 ReThinking Crypto Book

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-Tony