Summary
TLDR: Bitcoin stays above $70,000 despite legal news, Ethereum hovers around $3,500, Dogwifhat up 13%. Vitalik Buterin discusses racist memecoins and proposes charity coins and “Robin Hood games” for fun in crypto. Kerrisdale Capital long on bitcoin, short on MicroStrategy. MicroStrategy stock down 11% following report. Coinbase closes 3% higher despite legal battle. Deribit notes significant options expiries for BTC and ETH.
Key Points
1. Bitcoin (BTC) remained above $70,000 despite legal news in the crypto space, including the sentencing of Sam Bankman-Fried.
2. Ethereum (ETH) was trading around $3,500, slightly down in the last 24 hours but up 8% over the last seven days.
3. Dogwifhat (WIF) saw a 13% increase, trading at around $3.72, while Litecoin and Filecoin were up 10.5% and roughly 10% respectively.