The Bitcoin Street Journal Bitcoin Market Update Episode 42 Week 26

Welcome to The Bitcoin Street Journal Bitcoin Market Update podcast, your daily source for live updates on the bitcoin market. Join us as we delve into current bitcoin technical analysis, track bitcoin (BTC) prices, explore market capitalization trends, and analyze market supply. Stay ahead of the curve with our comprehensive coverage of the ever-evolving world of bitcoin. In today's episode, we'll cover Binance suspending deposits and withdrawals for 10 tokens, Tezos art platform adding Ethereum, high trading volume for Bitcoin and Ethereum, NFT traders blaming marketplace Blur, an AI understanding proteins, game studios using AI, and Larry Fink CEO of Black Rock lauding bitcoin. Lets dive in.So, there's been some interesting developments in the world of cryptocurrencies recently. Let's start with Binance, one of the largest crypto exchanges out there. They temporarily stopped accepting deposits and withdrawals for ten tokens that are bridged between different blockchains. This happened because some transactions on the Multichain protocol got frozen back in May. It's all about ensuring a smooth and secure experience for users.Speaking of Multichain, a Tezos generative art platform called fxhash is expanding its horizons. They're now including Ethereum, which means they're embracing a multichain model. It's all part of their evolution and exploration of new possibilities.Moving on to trading volume, Bitcoin and Ethereum CME contracts hit a whopping $46.8 billion last month. This surge in trading activity coincides with a renewed interest from institutional investors in the largest cryptocurrencies. Maybe they're realizing the potential and opportunities that lie within this space.And in the world of Ethereum, the scaling solution called Starknet is getting a testnet for its latest upgrade. If everything goes well and the Starknet community gives their approval, this upgrade will be hitting the mainnet next week. Exciting times for Ethereum enthusiasts!We've got news from the banking sector too. DBS Bank, the largest bank in Southeast Asia, is adding support for China's CBDC (central bank digital currency). Clients will now be able to make e-CNY payments. It's another step towards the mainstream adoption of digital currencies.Hey, did you know that gaming and crypto go hand in hand? According to Michael Lee, the SVP of Growth at Matter Labs and former vice president of Activision, gaming is crypto's "killer app." He had a chat with Decrypt's Kate Irwin at the 3XP gaming conference to discuss crypto gaming and share his predictions for the industry.Now, let's talk about Bitcoin ETFs. Binance's CEO, Zhao, seems to be open to more players entering the space. In fact, he said, "The larger, the better," as it would offer more coverage and opportunities for investors. On another note, Valkyrie updated its Bitcoin ETF filing and listed Coinbase as a "surveillance-sharing" partner. It seems they're taking a proactive approach to ensure the integrity of Bitcoin spot markets and combat fraud.So, where are we in terms of Bitcoin's bull run? Well, the analysts are split. There's no easy answer, as investors have varying opinions and forecasts. It's a topic that sparks a lot of discussion and speculation.Coming back to BlackRock, its CEO, Larry Fink, recently praised Bitcoin. He now sees it as a digital representation of gold, a far cry from his previous dismissal of the cryptocurrency as a tool for money laundering. It's interesting to witness the shift in perspective among influential figures.Lastly, we've got some figures about Bitcoin mining revenue in Q2. Miners earned a whopping $184 million during this period, highlighting the potential profitability of this sector.