Saylor’s disparaging remarks about self-custody provoke Bitcoin community’s ire
Bitcoin advocates said Saylor's new stance is "spooky."
Happy Wednesday!
The global crypto market cap is $2.26 trillion, with a 24-hour volume of $69.65 billion. The price of Bitcoin is $65,803.23, and BTC market dominance is 57.6%. The price of Ethereum is $2,492.85, and ETH market dominance is 13.3%. The best-performing sector is eCommerce, which gained 53%. The Crypto Fear & Greed Index is currently Greed (71).
Tensions are rising in the Bitcoin community as Michael Saylor's recent comments on self-custody spark backlash, with advocates labeling his stance as "spooky." Meanwhile, Peter Todd has gone into hiding after being wrongly identified as Bitcoin's creator in an HBO documentary, raising serious concerns for his safety. On the institutional front, interest in Bitcoin remains robust, with investors now holding 20% of US-traded spot Bitcoin ETFs. As the market navigates these controversies and developments, stay tuned for more insights and updates in today’s newsletter!
📰 Top News
Saylor’s disparaging remarks about self-custody provoke Bitcoin community’s ire
Bitcoin advocates said Saylor's new stance is "spooky."
Peter Todd slams HBO for putting his life in danger by calling him Bitcoin’s creator
Todd has gone into hiding due to safety concerns after HBO documentary falsely accused him of being Satoshi Nakamoto.
Institutional investors now hold 20% of US-traded spot Bitcoin ETFs
Spot Bitcoin ETFs have been exposure to 1,179 institutions since their launch in January, according to 13F Form filings.
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📈 Latest Insights
Bitcoin dominance at 57% as Ethereum share drops to lowest since before The Merge
Bitcoin ETFs break 7 day $2.6 billion inflow streak with $79 million outflow
Bitcoin network’s all-time high hash rate pushing mining difficulty upward
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Satoshi Action Fund rebut ECB Bitcoin critique, highlighting flaws in recent analysis