The Bitcoin Street Journal Bitcoin Market Update Episode 29 Week 24

Welcome to The Bitcoin Street Journal, your go-to podcast for daily live updates on the world of bitcoin markets. With current live bitcoin technical analysis, up-to-date information on Bitcoin (BTC) price, market capitalization, and market supply, you'll always be in the know on the latest happenings in the ever-evolving world of cryptocurrency. Be sure to hit the subscribe button to stay informed and never miss an episode! In today's episode, we'll cover bullish investors in the crypto market, SEC involvement with Ethereum founder, new NFT network from Zora, unique Bitcoin mining in a spa, Ripple's Singapore payments license, the surge of meme coins, ADA's rise above $0.30, launch of a new VC fund tied to OPNX by 3AC founders, and critical support for XRP at $0.5.Hey there, welcome to The Bitcoin Street Journal Bitcoin Market Update for the week of June 22nd, 2023. This week, Bitcoin saw a surge past $30,000 as big investors are feeling positive about the biggest cryptocurrency and the rest of the crypto market. In other news, Ethereum Founder Vitalik Buterin has ties to SEC Darling Prometheum, which began when Feng Xiao, then-CEO of Wanxiang Blockchain Labs, befriended Buterin and purchased $500,000 worth of Ethereum back in 2015.Polygon also made waves this week by launching its own Copilot, a ChatGPT AI Assistant Chatbot. This Ethereum scaling solution developer integrated OpenAI's ChatGPT to launch Polygon Copilot. Meanwhile, Zora launched a Layer-2 NFT Network to combat Ethereum gas fees, with Co-founder Jacob Horne saying these fees are a "systemic inhibitor" to Web3 adoption.Binance is also making headlines once again, with a Binance exec potentially being called to testify in Brazil over alleged pyramid schemes. US Congress is pressing forward on AI regulation with a proposed commission, which aims to set a regulatory framework amid a global race to control how AI takes part in the society of the future.In other news, Jeff Staple and Gmoney dropped a 'Pigeon Shit' Cap Collab at Paris Fashion Week. The 9dcc x Stapleverse baseball cap is sold via a redeemable NFT and can be digitally signed. Meanwhile, Fed Chair Powell said Bitcoin has 'staying power' as an asset class, stating that "the ultimate source of credibility in money is the central bank." A proposed Bitcoin fund called the Bitcoin ETF Printer has also gone 'BRRR' as Valkyrie refiles with SEC and Ex-Barclays CEO praises BlackRock Bitcoin ETF Filing.There have been some more unique stories as well, with a New York City spa getting heat for heating with Bitcoin mining. The Bathhouse shared how the process works, inviting people to “enjoy a hot pool while supporting the Bitcoin network.” Gods Unchained also hit Epic Games Store ahead of mobile expansion. The long-running NFT card game is now available in Epic’s popular marketplace, as part of a year of expansion for Gods Unchained. Finally, Ripple gained an in-principle payments license in Singapore, with Ripple CEO Brad Garlinghouse saying the approval reaffirmed the company’s commitment to the Asia-Pacific region.Lastly, meme coins continue to do extremely well, with PEPE's 79% weekly gains leading the surge as DOGE, SHIB, and FLOKI all saw double-digit increases. ADA also exploded with a 9% daily increase and broke above $0.30, sparking discussion about what could be next for this cryptocurrency.