Happy Friday, Crypto Fans and Winter Warriors! βοΈποΈ
Annika Lee here, your XtremCryptoBabe, wrapping up a week that’s been a mix of chilly chaos and exciting crypto developments. With Germany experiencing a serious bout of winter weather and traffic at a standstill, I’m daydreaming about warmer destinations. Who’s with me on planning a sunny getaway? πβοΈ
While navigating the snowy streets, I discovered the ultimate bad-weather antidote: shopping! Ladies, trust me, there’s nothing like a little retail therapy to brighten a gloomy day. ππ
Now, let’s dive into this week’s crypto highlights:
Bitcoin and Gold’s Growing Correlation: As Bitcoin becomes more accessible via ETFs, its correlation with gold is hitting historic highs. A fascinating development for market watchers! ππ°
Diverse Blockchain Development: A report from Electric Capital reveals a 24% drop in crypto developers in 2023, with a shift towards building across multiple blockchains. The landscape is evolving! π©βπ»π
Ethereum’s Scalability Leap: Ethereum’s Dencun upgrade on the Goerli testnet is a significant step towards solving scalability issues. Exciting times for Ethereum enthusiasts! ππ§
Trump’s Crypto Stance: Regardless of your views on Trump, his vow to oppose U.S. CBDCs if reelected is noteworthy. It’s a stand against what he calls “government tyranny.” ποΈπ¬
EU’s Tightening AML Rules: The EU’s provisional agreement on stricter AML rules for crypto firms is causing a stir. Transactions over β¬1,000 will require due diligence checks. πͺπΊπ
Tether’s Bitcoin Accumulation: Tether’s Bitcoin holdings have reached $2.8 billion. The stablecoin issuer is not shying away from crypto investments. πΌπ
Cathie Wood’s Bitcoin Prediction: Cathie Wood of ARK Invest believes Bitcoin will outshine gold in the global market. Her confidence in crypto over precious metals is unwavering. ππ
Bitcoin’s Price Dip: Despite BlackRock’s Bitcoin ETF breaking records, BTC’s price has plunged 12% in 7 days. A reminder of the market’s volatility. ππ¬
Crypto Crime Reduction: Good news! Crypto crime is down 29% in 2023, according to a Chainalysis report. A positive trend for the industry. π‘οΈπ
SEC’s Delay on Ethereum ETF: The SEC has postponed its decision on Fidelity’s spot Ethereum ETF to March. Patience is key in the regulatory landscape. β³π
Coinbase’s Role in ETFs: Coinbase continues to be a pivotal player in the new ETFs, handling conversions, storage, and more. It remains a staple in my HODL strategy, along with Microstrategy. π¦πͺ
Tesla’s Tech Marvel: Aside from holding Bitcoin, Tesla wowed us with a video of their Optimus robot folding a shirt. If you haven’t seen it, you’re missing out! π€π [Optimus folds a shirt] and also worth checking … [Optimus Gen 2]
That’s a wrap for this week! Whether you’re braving the cold or enjoying a cozy weekend, I’m sending you all warm wishes and positive vibes.
Love and kisses, Annika
Annika Lee, has always been a trendsetter and a digital pioneer. After years of influencing the fashion and beauty industry and connecting with fans through live streaming, Annika felt the pull of the crypto revolution. Now, as the artist behind XtremCryptoBabe, she’s here to guide both newbies and seasoned crypto enthusiasts through the ever-evolving world of blockchain, and decentralized finance.