The DMD Digest Trend Report
Week of December 4, 2023
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TOP NEWS 📰
Bitcoin is BACK!🐂📈
Bitcoin Tops $42K as Crypto Market Recovers to Pre-Terra Levels
Bitcoin's move above $40,000 comes as gold hit a record high of over $2,100 per ounce during the early Asian trading hours in response to dovish comments from Federal Reserve chairman Jerome Powell.
“The market is increasingly expecting a rate cut in the coming year, and investors are increasingly bullish on the outlook of Bitcoin ETF applications by some of the biggest names in asset management,” wrote Lucy Hu, Senior Analyst, Metalpha, in a note. "This is an official statement of a bull run, and the price could see more upticks in the coming weeks.”
Last week, Powell said that interest rates are now well into restrictive territory, bolstering the narrative that the tightening cycle has peaked and adding to downward pressure on Treasury yields.
“Crypto, on the other hand, has been moving nicely higher, along with Gold, on the back of lower yields,” crypto data provider Amberdata said in a newsletter Sunday.
“Bitcoin has been eager to jump higher, even without the Spot ETF catalysts headline hitting the wires, the market is looking to get long,” Amberdata added.
Traders have loaded up on topside option plays in recent weeks, betting on bitcoin’s eventual rise to $45,000 by the end of March 2024. [Read more …]
Get in the Bitcoin Know! 🪙
WATCH: The Bitcoin Beginner’s Blueprint, by Prof. Tonya M. Evans [Masterclass]
WATCH: Ready for your bitcoin breakthrough? Take the Challenge.
WATCH: Bitcoin Surges Past $42000, Token Up 150% This Year [Bloomberg]
HOT TAKE: Looking for alternatives to direct crypto investing? Consider publicly-traded stocks in the crypto ecosystem: Crypto stocks surge as bitcoin hits fresh 2023 high [Reuters]
On the Legal Front ⚖️
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Circle sent a letter to U.S. Senators Brown and Warren refuting claims that it facilitated terrorist financing and denied banking TRON’s Justin Sun. (Unchained)
Lawmakers in the U.K. are asking the government to consider lowering holding limits for a potential digital pound and make sure its design won’t block the possibility of paying interest (Coindesk)
A federal judge rebuked the SEC in regard to a crypto investigation for apparently lying in a recent application for a TRO. (Fortune)
MEDIA 👩🏾🎤
Professor Evans in the Media
Women Are Investing in Crypto: The Myths That Are Holding You Back [Girl in the Verse Show]
Navigating the World of Cryptocurrency with Dr. Tonya M. Evans [The Blockchain Show]
EVENTS 📆
[MASTERCLASS] Navigating Black Web Street: Overcoming Barriers to Wealth in the Digital Age. REPLAY.
12/7/2023 @ 1:00 p.m.: [WEBINAR] Elevate Your Expertise: Prepare to Pivot Your Practice to Avoid Professional Risk and Irrelevance in the Digital Economy. REGISTER.
FEATURED VIDEO
Bitcoin Exchange Traded Funds Are Coming. Are You (and your advisor + CPA) Ready?
🌐 Join us in a critical exploration of the potential and challenges presented by the likely imminent approval of Bitcoin ETFs and the anticipated approval of Ethereum ETFs in the near future.
This video delves into the recent developments where federal courts have paved the way for the U.S. Securities and Exchange Commission (SEC) to potentially approve these groundbreaking investment vehicles.
💡 Whether you are a financial advisor, a legal consultant, or simply someone interested in the future of finance, this video is a crucial resource to understand and prepare for the forthcoming changes in the industry.
TECH INTERSECT🎙️
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🚨 New Podcast Alert! 🎙️ #TechIntersect Episode 186 is LIVE!
Join us in an enlightening conversation with Ohm Shah, Co-Founder of Wallet Guard, as we dive deep into the world of #Web3Security. 🌐💻 In this episode, Ohm shares his invaluable insights on the critical need for multi-layered defense strategies to safeguard our digital assets in the Web3 space.
🔐 Discover how Wallet Guard is pioneering innovative solutions to combat scams and enhance security in the ever-evolving Web3 ecosystem. Whether you're a crypto enthusiast, investor, or just curious about digital security, this episode is a must-listen!
🎧 Tune in to learn:
The latest trends in Web3 security
Practical tips to protect your digital assets
How Wallet Guard is changing the game in scam prevention