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- 👀 Ethereum's Highs & ApeFest's UV Lows
👀 Ethereum's Highs & ApeFest's UV Lows
BitDegree Insider
November 10, 2023
GM Readers. Your daily dose of BitDegree insights is ready 👀 .
Today’s selection:
⏰ Bitcoin ETF Approval Buzz Grows Stronger
💥 UV Fiasco at ApeFest: Yuga Labs in Hot Water
📰 Bite-Sized News
👌 Meme of The Day
Ethereum Surges, Bitcoin Wavers:
Bitcoin briefly hit over USD 37,900 as of yesterday, now moves uncertainly.
Ethereum shines, reaching its highest level since April, outperforming Bitcoin in weekly and monthly growth.
Ethereum's annual rise at 118% surpasses Bitcoin's 76%, also leading in trading volume.
News
Bitcoin ETF Approval Buzz Grows Stronger
What Went Down:
The crypto world is on edge as the U.S. Securities and Exchange Commission (SEC) mulls over the approval of a Bitcoin Exchange-Traded Fund (ETF). This decision could be a game-changer.
It means that investors could easily invest in Bitcoin without actually owning it. If this happens, experts predict a flood of institutional and retail investors, possibly driving up Bitcoin's value.
For crypto fans, this could mean Bitcoin becoming more mainstream.
It's like a seal of approval from the SEC, which might attract more institutional money.
New Research note from me today. We still believe 90% chance by Jan 10 for spot #Bitcoin ETF approvals. But if it comes earlier we are entering a window where a wave of approval orders for all the current applicants *COULD* occur
— James Seyffart (@JSeyff)
6:33 PM • Nov 8, 2023
Key takeaways:
SEC's Decision: The SEC is deciding whether to approve a Bitcoin ETF, and this could change the crypto game.
Bitcoin's Popularity: If approved, more people could invest in Bitcoin, making it more popular.
Big Money Potential: Institutional investors might jump in, boosting Bitcoin's value.
NFTS
UV Fiasco at ApeFest: Yuga Labs in Hot Water
What happened:
In a bizarre twist, ApeFest, the exclusive shindig for Bored and Mutant Ape Yacht Club NFT enthusiasts, turned into an eye-sore, quite literally.
Hosted in Hong Kong, the event had attendees leaving with more than just memories – think annoying eye and skin problems. Yikes!
On Sunday, November 5, Yuga Labs began to receive reports that some ApeFest attendees and staff experienced eye pain, vision issues, or skin irritation following the Saturday night community event. These reports were - and continue to be - deeply concerning to us. We immediately… twitter.com/i/web/status/1…
— Bored Ape Yacht Club (@BoredApeYC)
1:02 AM • Nov 9, 2023
What's Yuga Labs Saying?
Yuga Labs is on damage control, urging anyone feeling the burn (literally) to see a doc and give them a shout.
Although, word on the street is, reaching them is tougher than finding a sober person at ApeFest.
They're really sorry, though, and are focused on helping the affected folks get back on track.
Two Things to Chew On:
UV-A Lights: Not Always Lit – They might look cool, but these lights can be a real pain in the...eye.
Yuga Labs: In a Pickle – They're trying to patch things up, but it's a bumpy road ahead.
And there you have it – the party that lit up a little too much. Stay safe!
BITE-SIZED NEWS 🗞️
Bitcoin Price Rally. Price passed $37,000, fueled by market optimism for the upcoming spot Bitcoin ETF decisions in the US.
Binance Listing Spurs Significant Uptick in BRC-20 Token Prices. Ordinals (ORDI), a token collection on the Bitcoin blockchain, has seen its price increase sharply after being listed on Binance.
ARK Invest Snaps Up . ARK Invest has significantly increased its stake in Robinhood by acquiring over a million shares.
The SEC Chair highlights ongoing challenges with fraud in the crypto sector.
Sounds interesting? Find more crypto news on our website:
Meme of the day 😂
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Disclaimer: This newsletter is strictly educational. None of this information is intended to be financial advice. Always do your research and act responsibly with your profits .
