SEC Rejects Spot ETF Application ❌

Bitcoin secures crucial weekly close… just in time. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $2.87T (+2.02%) 24 Hour Volume $91.11B (-1.91%) Notable Movers[(WAXP) $0.8217]( (+29.23%) Notable Movers (DeFi)[(ANKR) $0.1476]( (+19.52%) Bitcoin Dominance 43.24%[(+0.09%)]( Bitcoin Price[(BTC) $65,813.64 (+2.18%)]( Ethereum Price[(ETH) $4,717.49 (+2.44%)]( Cardano Price[(ADA) $2,09 (+2.23%)]( Earn up to 20 USDT Per Card & Limited Edition NFTs ApolloX launched the Draw & Earn event. Users can draw mystery cards to win 20 USDT per card and limited edition NFTs! [Draw & Earn!]( ApolloX launched the Draw & Earn event. Users can draw mystery cards to win 20 USDT per card and limited edition NFTs! [Draw & Earn!]( Editor's Note Copy/Pasting Bored Apes Online One of the ultimate signs of being a DeFi degen is changing your Twitter profile picture to one of the most sought-after NFTs — bored apes and punks. American television host Jimmy Fallon has just joined these "elite" masses by changing his own, verified Twitter profile to Bored Ape #599, featuring a sea captain’s hat and heart sunglasses. And as you’ll read below, this particular Ape NFT’s last transaction was for 46.6 ETH, or about $217,000. The usual NFT jokes followed Fallon’s NFT Twitter update, with random users tweeting that they had "stolen" the Ape by copying the picture and saving it to their laptops. Hilarious! Original! This idea of NFTs being easily "stealable" with a right-click and save is a joke that has already spread to the likes of Instagram memelord account @F***Jerry (who posted an alleged screenshot of a Twitter DM last week of an irate NFT owner on Twitter messaging someone — "You think it’s funny to take screenshots of people’s NFTs, huh? Property theft is a joke to you?") Another [right-click/save NFT joke]( recently made the rounds on Twitter, with over 172,000 likes — one Twitter user tells another "Images are not NFT’s; you bought a ‘token’ (that’s the T in NFT)" and the other responds in shock "what have I spent all my money on then?? Wtf." Regardless of whether these NFT copy/save memes are trolls or not, the concept of NFT art is hard to grasp for some people. The best explanation, I’ve found, is the oft-used comparison to the Mona Lisa. You can buy smaller prints of the Mona Lisa, you can take a picture of it and frame it yourself, you can even buy a painted replica and hang it on your wall — but now matter how real your Mona Lisa looks, there is only one original. That’s our NFT explanation, and you can take it or leave it — but it doesn’t mean that you ever have to stop right-clicking and saving Bored Apes online. Just remember that you’re not actually "stealing" anyone’s JPEG, you’re not going to prison for property theft if you also change your Twitter profile picture to Bored Ape #599. Polkadot Parachain Crowdloans are Here Be part of blockchain history by helping kickstart your favorite parachains. [Participate Now]( Be part of blockchain history by helping kickstart your favorite parachains. [Participate Now]( Today's Top Stories Today's Top Stories A 'seriously bullish' weekly close [Macro News] A 'seriously bullish' weekly close Over the weekend, analysts had warned that Bitcoin needed to close the week above $64,800 for bullish momentum to remain. This milestone looked unlikely until late on Sunday night. With one hour to go until the deadline, BTC surged to $65,500 — later topping off at $66,127. Prices later cooled, but some analysts are now confident that Bitcoin has the chance to advance to $70,000 or $80,000. It was a big weekend for other reasons… with the Taproot upgrade coming into force on Sunday. [The latest.]( Pet charity gets huge ETH donation Pet charity gets huge ETH donation A charity has received one of the largest-ever cryptocurrency donations in Scottish history. Edinburgh Dog and Cat Home received 26 ETH — worth $121,784 as of Monday morning. The funds will ensure that the organization's pet food bank service can run for the whole of 2022. Pawthereum, a crypto project that supports animal welfare organizations, made the donation. The home runs a Paws Pantry that supplies pet food, collars and bedding to food banks across Scotland. [Here's our story.]( [Play2Earn News] Jimmy Fallon buys Bored Ape NFT Jimmy Fallon buys Bored Ape NFT Jimmy Fallon has bought his very first NFT. The popular talk show host revealed he's now the proud owner of a Bored Ape. He was speaking to Beeple, the digital artist who has made tens of millions of dollars by selling non-fungible tokens. Fallon said he used MoonPay to complete the transaction — describing it as "PayPal, but for crypto." A screenshot on Twitter indicates that he's the proud owner of Bored Ape #599, one of the 10,000 in existence.[Find out how much he paid for it.]( Coinbase's new social trading tools Coinbase's new social trading tools Coinbase is rolling out new social trading features. A "share" button will allow customers to tell others about their strategies. Information about asset allocation can be shared, but never the actual balances in an account. Product manager Rishav Mukherji said: "Many of our customers are looking for ways to better understand crypto both as an investment and as an app platform, but it can sometimes be challenging to find relevant information at the right time."[Read more here.]( SEC rejects spot ETF application SEC rejects spot ETF application As expected, the U.S. Securities and Exchange Commission has rejected an application to launch an exchange-traded fund based on Bitcoin's spot price. It concluded that the VanEck Bitcoin Trust had not met the burden of proving that it is "designed to prevent fraudulent and manipulative acts and practices" and "to protect investors and the public interest." Setting out its decision, the SEC explicitly highlighted the risk of wash trading and manipulation on trading platforms. [Here are the details.]( AMC sells movie tickets for crypto [Play2Earn News]( AMC sells movie tickets for crypto Movie theater chain AMC has begun accepting Bitcoin and three other cryptocurrencies for its online ticket sales. CEO Adam Aron announced on Twitter: "Big newsflash! As promised, many new ways NOW to pay online at AMC. We proudly now accept: drumroll, please… Bitcoin, Ethereum, Bitcoin Cash, Litecoin." Apple Pay, Google Pay and PayPal are also accepted. In terms of the future direction of travel, Aron added: "Dogecoin next."[Could AMC also be planning to launch NFTs?]( Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? 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