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What's Behind Bitcoin's Declining Dominance in the Crypto Markets?
"All About Bitcoin's" Week in Review panel discusses the week's events that potentially impacted bitcoin's price action and the wider crypto markets. New data on bitcoin's declining dominance over all other cryptocurrencies is signaling a bias toward altcoin exposure. The latest bitcoin hash rate and reactions to building bitcoin mines using renewable energy in the indigenous land are also discussed.

Bitcoin Dominance Weakens as Altcoins Rally
Bitcoin, the world's largest cryptocurrency by market value, was little changed between $60,000 and $63,000 Friday before the release of the U.S. jobs report. The price also changed slightly over the week, while altcoins and gaming tokens have seen significant gains. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Bitcoin Cash Briefly Spikes Over 4% in 15 Minutes After Fraudulent Press Release
Bitcoin cash (BCH) saw a sharp but short-lived uptick in its value Friday after a fake press release claimed U.S. supermarket giant Kroger would be accepting the cryptocurrency as payment this holiday season. BCH rose over 4.6% from $602.63 around 11:30 UTC to $630.70 in less than 15 minutes. "The Hash" panel discusses what to make of increasing fraud-making waves in the crypto markets.

FTX, Lightspeed, Solana Ventures to Invest $100M in Web 3 Gaming
FTX, Lightspeed Venture Partners, and Solana Ventures are investing $100 million in Web 3 gaming development. The funding will go towards gaming studios and technology integrating the Solana blockchain into video games on desktop and mobile platforms. The Hash" group discusses the implications for the initiative, one of the largest capital investments ever in the growing Web 3 gaming space.

NYC Mayor-Elect Eric Adams to Take First 3 Paychecks in Bitcoin
Incoming New York City Mayor Eric Adams said Thursday he would take his first three paychecks in bitcoin when he takes office in January. This comes as Miami Mayor Francis Suarez announced he would take his next paycheck in BTC. "The Hash" team weighs in on the possible impact of the move for New York's crypto landscape.

Crypto Markets Trading Flat; What’s Next?
Bitcoin has traded mostly sideways over the past two weeks. Steve Ehrlich, CEO of publicly listed crypto broker Voyager, discusses his crypto markets analysis and outlook for bitcoin, altcoins, and meme coins. Plus, insights into the five-year partnership with Mark Cuban’s Dallas Mavericks.

Circle CEO Jeremy Allaire on Impact of Biden Administration’s Stablecoin Report
The President's Working Group on Financial Markets (PWG) released a report and recommendations on stablecoins, urging lawmakers to subject stablecoin issuers to the same strict federal oversight as banks. Jeremy Allaire, CEO of stablecoin USDC issuer Circle, discusses the report's potential impact on his firm, USDC, and stablecoin regulation.

Canaan Sues Over Patent Infringement; PayTM Considers Crypto Services
Canaan sues over bitcoin mining chip patent infringementIndia’s PayTM considers launching crypto-related services. Baidu and Netease file metaverse patents. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Could Crypto Bridge the Financial Gap for Native Americans?
William Foxley, Editorial Director at Compass Mining explains his latest short documentary detailing bitcoin mining in the indigenous Navajo Nation. The indigenous people there are building bitcoin mines using renewable energy in an effort to bring about prosperity and much-needed development for the area. Could crypto help bridge the gap? Watch the full video report here: https://t.co/Bch8WVvOl1?amp=1

Profit Taking Since July Remains Lower Than During BTC’s Rally From January to May
New data on bitcoin’s adjusted spent output profit ratio (aSOPR), which measures the profitability of spent bitcoin while filtering out short-term trading, reveals profit taking since July has remained significantly lower than during BTC’s rally from January to May. Some suggest this signals holders may believe in the continuation of a longer-term bull cycle.
