"Bitcoin Bulls Celebrate $30K Milestone, but ETH Lags Behind" and "BlackRock's Spot Bitcoin ETF Application Could be the Catalyst for Further Rally." These are the highlights of the crypto world this week. Bitcoin recently hit $30K for the first time in two months, and the charts suggest it still has room to run. Technical analysis indicates that BTC could rally as high as $36 to $38K in the coming weeks. Speculators suggest that billions of TUSD have flowed into BTC and ETH due to supposed redemption issues. Meanwhile, institutional investors in the US have also started buying in anticipation of BlackRock's spot Bitcoin ETF application approval.
However, while BTC's rally has been amazing, ETH isn't looking nearly as good. It's been getting clobbered and experiencing weakness against BTC. There are concerns about Ethereum's centralization and a crackdown on DeFi. Plus, a crackdown on offshore stablecoins could also damage Ethereum's ecosystem, including ETH. Despite these concerns, ETH's price is expected to rally alongside BTC should the rally continue. Finally, investors are keeping a close eye on BlackRock, with hopes that its regulatory filing to launch a spot Bitcoin ETF could be the catalyst for further crypto market growth.
Changes Last Week
Bitcoin $30,399.53 (+14,8%) ⎸ Ethereum $1,892.83 (+9.7%) ⎸ Gold $1,932
The European Union has taken its first step towards regulating AI through draft legislation, the AI Act. The legislation focuses on high-risk AI applications like predictive policing and facial recognition tools to limit potential harms that could be created in the race for competition among AI companies. The EU aims to put guardrails around AI development and use, which has received mixed reactions from the industry. While some researchers and tech companies welcome the legislation, others fear it could hinder innovation, particularly for low-risk applications.
Also, one European startup's venture-backed capital raise sticks out among the crowd. While there is certainly speculation involved in the AI market, French AI startup Mistral AI recently made headlines for raising a record $113.5 million (€ 105 million) during its seed funding without any concrete software outline. Let's see what is coming out of that.
As perpetual travelers, we always look for unique and enriching experiences. One of our favorite things about traveling is indulging in the local street food culture and tasting the region's traditional flavors. But it's not just about satisfying our taste buds. We also love the affordability and convenience of street food, especially in Southeast Asia, where it's readily available on every corner.
Now back in Europe for a month, we have been missing the delicious street food scene. If you are more like us, a foodie but not keen on cooking but still want a delicious and simple meal, we have a cooking hack for you.
Use Chat GPT - write down your ingredients and let the AI generate a mouthwatering recipe.
You have various ingredients in your fridge, and you're looking for healthy recipes that align with your dietary preferences. List the ingredients you have, specify any dietary restrictions or preferences, and get three delicious and nutritious recipe suggestions along with step-by-step preparation guides.
Ingredients in your fridge: [Please list the ingredients you have]
Dietary preferences: [Please specify any dietary restrictions or preferences, such as vegetarian, gluten-free, dairy-free, etc.]
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Tool of the week
BitBox02 Hardware Wallet - a highly secure, open-source cryptocurrency hardware wallet by Shift CryptoSecurity, offering both Bitcoin-only and Multi-Edition versions, with swift setup, a visible OLED screen, and a backup system through a microSD card, all within a compact and durable polycarbonate design.
Productivity Tips and Tricks
Having an accountability partner dramatically increases your chances of achieving your goals, from fitness to business, by providing motivation, guidance, and structured support to keep you on track**1**. However, while an accountability partner can be a vital resource, remember that the ultimate responsibility for achieving your goals lies with you.