The Bitcoin Street Journal Bitcoin Market Update Episode 20 Week 23

Welcome to The Bitcoin Street Journal, your daily source for live market updates, technical analysis, and breaking news regarding Bitcoin. Stay up-to-date with the latest Bitcoin trends, market capitalization and supply, as well as financial and economic news by subscribing to our podcast. Join us on the journey through the world of Bitcoin and its impact on our daily lives. In today's episode, we'll cover the announcement of interest rates by central banks, the unveiling of US CPI for May, warnings from Marc Andreessen against a government-protected AI cartel, the impact of AI PassGPT trained on leaked passwords, the ongoing crypto crackdown, and the success of UK AI startup Gensyn securing $43M.This week is going to be busy with announcements from central banks across the globe. The CME predicts a 75% chance that the Fed will not raise interest rates. But there's still a 24% probability that it will raise rates by 25bps. And as the US CPI for May is also being announced, it adds extra tension to the upcoming #FOMC meeting.In other news, Samson Moe believes that governments need to understand that Bitcoin is different from all other cryptocurrencies, which should be considered securities instead. Marc Andreessen, a venture capitalist, warns against powerful government restrictions that may limit the market in favor of larger companies.SEC Chair Gensler criticizes the crypto industry, saying it is rife with "hucksters, fraudsters, and scam artists." This intensified crackdown on crypto resulted in fresh lawsuits against the industry. And at the same time, Coinbase experiences a downgrade in its outlook by Moody's credit rating agency.Robinhood is taking action against certain tokens that the SEC has listed as unregistered securities in lawsuits against Coinbase and Binance. But, that's not stopping Texas from positioning itself as the center of the crypto universe, as key legislative wins have made it the new "Silicon Valley" of the crypto industry.