🦈 Crypto 'Shark Tank'

Plus, Bitcoin's creator is on trial... or is he?

Author

Sebastian Soran
February 05, 2024

Happy Monday, Zingernation! A crypto analyst is concerned with Tether’s dominance. Last Friday, in a post on X, Justin Bennett suggested that Bitcoin may not have reached its market bottom yet. His prediction was based on the Tether dominance chart, which he believes is a crucial indicator for forecasting Bitcoin's trajectory. See his reasoning here.

Today, we’ll be talking about a crypto ‘Shark Tank’ show, a trial to determine if an Aussie scientist created Bitcoin and more.

And, did someone forward you this email? Click here to subscribe to this Benzinga newsletter and more.

MARKET SNAPSHOT

TOP STORY

Shark Tank Mark GIF by ABC Network

Briefly: Killer Labs, a show similar to Shark Tank, will provide web3 entrepreneurs an opportunity to showcase their crypto or NFT projects.

What: The show, produced by CoinMarketCap and HELLO Labs, will feature Wall Street financier Anthony Scaramucci as the anchor.

Who: Scaramucci, known by his nickname "The Mooch," is also the former White House Director of Communications and founder of investment firm SkyBridge Capital.

What Else: Contestants will pitch various cryptocurrency projects and showcase them to a broader audience. The panel of "Killer Whale Judges" will include popular influencers, venture capitalists and famous founders.

So What? These judges will not provide funding like in Shark Tank. Instead, they either invalidate or validate the project with a vote of SINK or SWIM. A 5 out of 5 score wins a special promotional package from the show's co-producer for a broader target audience reach.

What Next: Read more here.

A MESSAGE FROM FINANCE BUZZ

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FIVE ZINGERS

A Bold Prediction: A crypto analyst notes that Bitcoin’s rally to $60,000 is imminent, with only one resistance level remaining.

Upgrades & Downgrades: Robinhood's UK crypto launch sparks Q4 optimism, analyst adjusts revenue estimates.

So An ATM? HSBC UK debuted its first 'Cash Pod' in Nailsea, enhancing cash services with withdrawals, deposits for HSBC customers, balance inquiries, and more, before the local bank's closure.

Banking Layoffs: Société Generale plans to cut 900 jobs at its French head offices in a cost-saving initiative.

What About SEC? Ethereum ETFs may launch in 2024, according to an ETF expert with a 60% chance.

ONE FOR THE ROAD

Briefly: Dr. Craig Wright, the Australian computer scientist who claims to be the creator of Bitcoin, is set to face a crucial trial in the UK.

So Basically: Starting on Feb. 5, the trial will determine if Wright is indeed the elusive Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

So Then: The trial is expected to last for about a month and will be decisive in the ongoing saga of Bitcoin’s creator.

So What? The true identity of Satoshi Nakamoto has been a topic of speculation and debate for years. The revelation of the creator’s identity could have significant implications for the cryptocurrency world.

What Next: Read more here.

A MESSAGE FROM FINANCE BUZZ

Feeling lazy but still want to earn some extra cash? We've done our research and found some unusual (but legit) ways that people can stack their bank accounts without having to leave their house. Some will help you save. Others will help you pad your wallet right away. If your bank account could use a boost but you don't want to start a second job, then these could be right for you.