Jamie Dimon Confused 🪙🆔😭

Valko

Jamie Dimon Confused 🪙🆔😭 Valko

Specs’ Insights

Bitcoin surpasses gold in investor portfolio allocation, says JPMorgan

⌐◪-◪ → JPMorgan is giving some seriously mixed signals with regards to Bitcoin. Check out these drastically different headlines from JPMorgan last week vs. this week.

Last week → It’s unrealistic to expect BTC to match gold allocations
This week → Bitcoin surpasses gold in investor portfolio allocation

On top of this, JPMorgan’s CEO Jamie Dimon has been roasting Bitcoin with every opportunity he gets, but also more recently said he will defend people’s right to buy Bitcoin.

I’m not sure what to make of this, but it’s starting to feel like JPMorgan is backpedaling on its anti-Bitcoin stance. Meanwhile, pro-Bitcoin BlackRock is killing it with their $IBIT ETF.

Adapt or die.

Let me know what you think in Specs Chat!

Judge rules that Craig Wright is not Satoshi Nakamoto

⌐◪-◪ → The infamous COPA trial has finally come to an end.

A judge in the UK High Court ruled that Craig Wright is not Satoshi Nakamoto, the creator of Bitcoin — stating that “the evidence is overwhelming”.

The trial lasted six weeks, led by the Crypto Open Patent Alliance (COPA), but the broader controversy/claim has been going on for 8 years.

Craig Wright fabricated evidence to support false claims and tried to assert copyright claims over the Bitcoin whitepaper — something the real Satoshi would obviously never do.

Anyway, back to having absolutely zero idea who Satoshi is.

Bonus: Beanie’s theory on who Satoshi actually is.

💬 Join Specs Chat

Democratic Senators urge Gary Gensler to block future crypto ETFs

⌐◪-◪ → The success of the spot Bitcoin ETFs has ruffled some feathers on the Hill as Democratic Senators Reed & Butler urge Gary Gensler to deny any future crypto ETFs.

More specifically, the letter requests that Gary Gensler:
- say no to further ETFs for other tokens
- make life difficult for brokers/advisors recommending BTC ETFs

It feels like these Senators don’t realize that Gensler didn’t magically approve the BTC ETFs, but was compelled to do so in a court of law.

The spot Bitcoin ETFs are perfectly legal.

These Senators are more than welcome to try and change the law with a majority vote if they’re serious about stopping future crypto ETFs, but sending crybaby letters to Gary Gensler is futile.

Pathetic political theatre.

💬 Join Specs Chat

Everything Else

⛓️ Crypto & DeFi

Bitcoin Virtual Machine (BVM), a BTC L2 protocol, gains traction
Avalanche Foundations reveals 5 memecoins it holds
Trump is the clear favorite among crypto-voters says poll
Crypto wallet Zerion is building an L2 network that aims for zero fees
Story Protocol will be used as a blockchain-based IP tracking platform
Crypto custody firm Cordial Systems comes out of stealth
The Graph expands to 40+ blockchains including Arbitrum & Base
Justin Sun deposits $480M of ETH to restaking protocol Ether.fi
Arbitrum rolls out Atlas upgrade with Dencun support and blobs
Metis launches alpha version of its decentralized sequencer
EigenLayer teases mainnet’s final roadmap before launch
Monad hits 10,000 TPS in testing as devnet goes live
Bitcoin Defi app Sovryn is expanding to Ethereum

🏦 Wallstreet & VC

Binance spun off Binance Labs VC fund into a separate company
Global crypto investment products cross $100B AUM for 1st time
Berachain raises $69M in latest funding round
'MadWorld' raises $11M as they launch mobile NFT shooter beta

🏛️ Legal & Regulatory

SEC charges 17 people in $300M ponzi scheme
Rep. Tom Emmer says Federal Reserve has made CBDC a key duty
Sen. Marsha Blackburn to speak on the importance of Bitcoin in DC

🌎 Rest of the World

El Salvador moves $400M worth of BTC to new cold wallet
Indian Railway issues tickets in the form of NFTs
North Korean hackers use Tornado Cash to launder $12M
Hong Kong regulator says MEXC has been operating without a license
Hong Kong regulator issues warning against Bybit
Hong Kong starts new phase of CBDC testing

🖼️ NFTs & Metaverse

Telegram’s 'Notcoin' giving out $400k TON in virtual clicker game
Crypto puzzle game CypherClans launches $1M treasure hunt
Runestones airdrop is underway with a total supply of 112,383

Unlock Specs’ full potential by joining Specs Chat, where members chat with Valko, add context to the daily crypto news, and share a diverse set of perspectives.

Specs Chat is more than just a group chat, it’s a community designed to help you become a better crypto investor and operator.

💬 Join Specs Chat

Valko

Share this post