Category: 2-DailyNews

The most valuable crypto stories for Wednesday, July 5, 2023.

"The Hash" unpacks today's top stories in crypto, including Valkyrie Digital Assets refiling its application for a spot bitcoin exchange traded fund (ETF) with the U.S. Securities and Exchange Commission. Plus, a closer look at why the floor price of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection sunk below 30 ETH (about $58,700) on Sunday. And, an update on the founders of the bankrupt crypto hedge fund Three Arrows Capital.

See also:

Valkyrie Refiles for Spot Bitcoin ETF With Coinbase as Surveillance Partner

Bored Ape Yacht Club NFT Floor Price Sinks to 20-Month Low

Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of 'Karma'

This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Crypto trading volumes rose in June for the first time in three months but spot trading volumes are at historically low levels.

Today's Stories:

Gemini's Cameron Winklevoss Tweets $1.5B 'Final Offer' in Debt Talks Over Crypto Firm Genesis

BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as 'Surveillance-Sharing' Partner

Probability for U.S. Approval of a Spot Bitcoin ETF Is Fairly High: Bernstein

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch 

Crypto Trading Volumes Rise for First Time in 3 Months Amid ETF Optimism

Bitcoin No Longer Correlated to U.S. Stocks, Crypto Analytics Firm Block Scholes Says

Bitcoin May Be Forming a 'Bull Flag' on Price Chart: Technical Analysis

This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

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Suspicious substance found at the White House tests positive for cocaine. Federal social media restrictions. Extra help preparing for boot camp. CBS News Correspondent Deborah Rodriguez has today's World News Roundup.

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Alabama

• Birmingham oyster bar closes after 17 years
• Prichard Alabama homicide problem
• Baptisms in the Marshall County Jail
• Bridge dedication to fallen officer Johnson
• Complain filed against ALDOT over Birmingham highway beltline project
• Athens police department chief retiring

National

• Mass shooting in Philadelphia
• Mass shooting in Fort Worth
• Twitter rival Threads launching Thursday
• Apple reportedly cutting down production of Apple Vision Pro

Its leader is in exile and its future is uncertain. But the Wagner Group will be loth to abandon the influence and the cashflow that its murky African operations bring. The striking down of affirmative-action university-admissions policies in America may counterintuitively spur more-progressive and more-efficient alternatives (9:56). And the reinvention (again) of a beloved Chinese sweet treat (17:08).

For full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer

The news to know for Wednesday, July 5, 2023!

We're telling you where millions of Americans can expect a round of severe storms today and what to know about two mass shootings.

Also, a major two-day military operation just ended in the Middle East.

Plus, a warning about what you might get in the mail that's not actually from the IRS, why Harvard is being sued over its admissions process again, and what's likely behind more Americans working into their 80s. 

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An ancestry service based in Israel aims to connect people across the globe, helping them explore their family trees and see whether they have any relatives living in the Holy Land today.

"People believe that they have a connection to the Holy Land, and I think one of the things we have now through DNA and through family trees is a way to perhaps see whether there's more to that connection than just a feeling," Aaron Godfrey, vice president of Marketing at MyHeritage, told The Daily Signal Podcast in an interview last month.

"Perhaps there's a genetic link, perhaps within you, there is some Jewish DNA," Godfrey said. "We have five different strands of Jewish DNA that we're looking at. Perhaps there's relatives that you'll find in your family tree who have moved to Israel. Perhaps there's some record of the family visiting Israel that you never perhaps knew about. And all of this is just a way simply from your own home, finding out whether this connection that you feel in your heart is something more, is something perhaps that actually took place in your story."

Godfrey sat down with The Daily Signal at the National Religious Broadcasters Convention in Orlando last month. Many Israelis spoke at the convention, which prominently featured organizations tying American evangelicals with Jews in the Holy Land.

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On this episode of “Money Reimagined,” Michael Casey and Sheila Warren engage in a captivating conversation with Brady Dale, a reporter from Axios and the author of the book "SBF: How the FTX Bankruptcy Unwound Crypto's Very Bad Good Guy." 

Brady shares his insights into the fascinating story behind the FTX bankruptcy and its impact on the world of cryptocurrency. The discussion delves into the political philosophy of crypto, taking stock of the current crypto landscape, and the motivations behind Brady's decision to write a first-person account of the crypto industry. Join them as they navigate through the complexities of crypto, exploring its triumphs, controversies, and the powerful characters that shape its future.

Topic Links and Stories: 

Axios.com/authors/bdale

SBF: How the FTX BankruptcyUnwound Crypto’s VeryBad Good Guy

Thanks Sam! How FTX Led to World’s Worst Crypto Policy

5 Lessons From 2022 That Changed Crypto Forever

Summary List:

• 0:00 Introducing brady dale, former co-writer at Axios crypto newsletter. | How fx bankruptcy unwound crypto. | The Political philosophy of crypto. 1:17 | Why did Brady Dale decide to write a book about cryptocurrency? 3:36 | The three most important cryptocurrencies are Bitcoin, Ethereum and Dogecoin. | Dogecoin’s original NFT and how it evolved. 8:44 | How did you first meet Sam? 13:17 | The calculus of what to do right. 20:05 | The EA movement and Sam. 23:40 | Disdain of institutions and disruption. 28:06 | Greatness and the rise of DeFi. 29:15 | A period of silence on social media. 32:58 | We are tribal creatures and tribes need leaders. 36:32 | Don’t Trust Verify. 38:18 | The inevitability of crypto’s future. 43:00

Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.

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Two American cities grapple with mass shootings over July 4th holiday. Chicago suburb pays tribute to victims of last year's deadly holiday parade. Nation celebrates Independence Day with fireworks and picnics. 

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