🔥Crypto is Unstoppable! Weekly Recap💥

#btc #eth $SOL $APT $MATIC $AMZN $NVDA $TSLA #xml


0:00 The Story
0:55: 📈 Fast-paced market movements highlighted with Bitcoin gaining $5,000 in a week.
4:08: 🔥 Bitcoin's fluctuating value draws mixed opinions from prominent figures, including a Swiss banker and Jim Kramer.
7:49: 🚀 Weekly crypto developments show resilience and growth despite challenges and outages.
12:07: 🚀 Decentralized Twitter gaining traction in the crypto space, showcasing rapid growth and potential disruption.
16:46: 📈 Stock market earnings surge, companies cut staff, crypto market booming.


Happy Saturday!

Last Week Div BTC
Great week for ETH and OP and ARB bad week for SOL and BNB and Costmo

Week in Dollar Terms
BTCup on ETF imminent move

₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: $100K Before Halving?


Highest day ever - from Sanjay

ETF Bitcoin Price Correlation

Genesis Wins Court Ruling to Sell Tranche of GBTC Shares
Genesis Global, a defunct cryptocurrency brokerage firm, has won a legal dispute and received approval to sell 31.2 million shares of Grayscale Bitcoin Trust (GBTC), worth more than $1.2 billion.
Genesis has been determined the sole owner of millions of GBTC shares. Their intended sale to reimburse creditors



Obama Likes BTC to be Impenetrable

Biggest Tardfi Fool Award goes to?

Saifedean on Treasuries vs BTC

How Americans Could Have Saved $74BN

L1 L2 Delta’s This Week
TVL ETH wins TVL, APTO wins DAU FTM wins weekly commits, DADevs FTM ramping up DAU matic and TX APTOS

SOL Outage

Liquid Staking Keeping ETH Afloat

New Gets Overtaken by Newer!
U can see here in late 2021 SOLANART owned then day, then opensea took over in 2022 now it is all TENSORSWAP - art rights matter

Coinbase Base more Traders than Any L2

Bonk Rises 30% After Staking Talk

Farcaster - New and More DAU than ADA
Farcaster is a “sufficiently decentralized social network built on Ethereum”, which needs to be distinguished from the Warpcast application that’s been touted as the “decentralized Twitter,” which is a Farcaster client. The meteoric rise in popularity of the application has been driven by the launch of Frames, a feature that allows users to create interactive and authenticated experiences on Farcaster.

Farcaster - new Crypto X
Farcaster's Position Among Decentralized Platforms: Despite launching in 2020, Farcaster lags behind larger decentralized social media platforms like Mastodon, with 8.7 million users, and Bluesky, nearing 4 million users, only having tens of thousands of users. However, the wider crypto community has recently shown increased interest in Farcaster as an alternative to traditional social media platforms like X (formerly Twitter), especially for crypto discussions free from spam and inappropriate content.

Crypto Community's Exploration of Web3 Platforms: The acquisition of X by Elon Musk has spurred the crypto community to explore Web3 platforms seeking a better environment for crypto discussions. Despite various platforms gaining temporary popularity, none have truly succeeded in retaining a significant user base, with many becoming wastelands or failing after initial interest spikes.

Farcaster's Unique Crypto Focus: Farcaster, despite its smaller user base, is emerging as a potential new hub for the crypto community, integrating crypto into various channels beyond its primary focus. This pervasive crypto integration, even in non-crypto channels, suggests Farcaster's potential to become a central platform for crypto discussions, riding on current crypto enthusiasm and a more favorable climate for cryptocurrencies.


Stocks For the Week Strong w Exceptions
Huge weeks for AMN META and NVDA - tesla redounbed a bit but still far off the others - AAPL GOOG took a hit on earnings warnings.

L

TeraWulf BTC Miner Online
TeraWulf Starts Nuclear-Powered Bitcoin Mining With Nearly 8,000 Rigs at Nautilus Facility
The miner also said it expects to reach 5.5 EH/s of computing power across its two sites by early in the second quarter.


Tesla Windfall! $5BN in Warranty Provisions
From TESLA LARRY First is the annual warranty provisions vs actual warranty costs and the accumulated provisions for the last 5 years.

Year of the Dragon Begins in China

Bezos Selling 50M More Shares of AMZN

Disruption Happens Fast

Earnings Growing At Fastest Clip Since 2022

Layoffs Ramping Up

Election Years Do NOT Prevent Downturns

Nikkei Hits 34 Year High