Bitcoin done dumping? MicroStrategy unveils Orange, largest ETF outflow yesterday

Today’s Bitcoin news!

PRICE UPDATE:

After dipping into the $56k range yesterday, Bitcoin’s price is now hovering around $59k. The dump yesterday was due to a collectively huge outflow from the US ETFs (see below).

From the legend Peter Brandt. POST: https://primal.net/e/note1r6jf7sur6w257tsjnfey5079hzx5pvndenq00wtv8zqhkdvwhvfsyvm54r

Bitcoin chart from the legend Peter Brandt.

ETFs:

Yesterday was an extremely bad day for BTC ETF flows, with all ETF providers experiencing outflows. The total amount reached $563.7 million in outflows. POST: https://twitter.com/alphadojo_net/status/1785917726843629692

Yesterday was an extremely bad day for BTC ETF flows, with all ETF providers experiencing outflows. The total amount reached $563.7 million in outflows.

JUST IN: 🇭🇰Hong Kong #Bitcoin ETFs has $292m in flows on the first day. Thats almost 30% of the Bloomberg estimate of $1 billion in 2 years! 🔥. POST: https://twitter.com/RadarHits/status/1786048094322258038

MICROSTRATEGY ORANGE:

MicroStrategy Unveils Inscription-based DIDs Spec and Enterprise Platform. "Wouldn't it be great if instead of a blue check, green check, etc., there was an orange check that was a global standard? With MicroStrategy, maybe we could approach this idea of decentralized identity, with Bitcoin," Michael Saylor said in the announcement. ARTICLE: https://www.nobsbitcoin.com/microstrategy-orange-did-solution/

MicroStrategy Unveils Inscription-based DIDs Spec and Enterprise Platform. https://primal.net/e/note1ehrxlha9j407dd23ge6cwzksh8yez40sza6zd0qw760egwfz6nesxaye35

Vitor Pamplona: Saylor is trying to create a trust anchor. But since anyone can create their own DID:BTC without Microstrategy's approval (lots of spam), the anchor must be Microstrategy's KYC platform… POST: https://primal.net/e/note1aed2j7cdrdggc027jcgxar3vnl8gwf2qu7a6lwcfpadrzmtpfnxq7vg9s3

DID is just a way to make KYC feel more decentralized. POST: https://primal.net/e/note19qvy8580e000u6p39zjp3fmaw7f5dlap2k2w3mf7chc2nfmc0wuqc6clkm

Anti-Ordinals… or Pro-Saylor?? POST: https://primal.net/e/note1hwzlkcy6dcx34k2qv2zet3dh6e7sagrr84khvphfr4le93e6shnq5dw5cc

Anti-Ordinals…or Pro-Saylor??

ATTACK ON PRIVACY:

The bad news continues with Wasabi coordinator service shutting down. If you care about #Bitcoin privacy, look into JAM. It's an easier to use implementation of JoinMarket. Or you can do nothing with your UTXOs & hope for a better solution in the future. POST: https://twitter.com/Mandrik/status/1786085922674561071

FIAT/GOVERNMENT NONSENSE:

The plan is NOT to fix it. POST: https://primal.net/e/note1umf0sk606q36mlr5hfx8rxhz77gg5lhchjvw06g2v97cpp3zqkns2ulg7x

US economy- The plan is NOT to fix it.

Q: Why isn’t China concerned about climate change? A: Because they already have a communist government. POST: https://primal.net/e/note1rvhmxvywtnp27k365wns047zta7jnc7wl7d525t4xzh53gvenr9qrvmmec

Why isn’t China concerned about climate change? Because they already have a communist government.

You can only “forgive" debt if it’s your own money. Forcing other to pay for it isn’t “forgiveness” IT IS “THEFT”. POST: https://primal.net/e/note14u2php2vzf4eqq2lssglltd6e738waa59chu9aqvw39rwkqzwywqst3a4q

“It’s hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.” ~Thomas Sowell. POST: https://primal.net/e/note1zg6l42e0j8u08l53g53enqz847g4fzqs7y3ej0vavfy6tuvhduvstc43ry

It’s hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong. ~Thomas Sowell

Senator Cynthia Lummis: “Come and Take It.” POST: https://twitter.com/SenLummis/status/1786055913922494838

Senator Cynthia Lummis- Come and Take It.

GLOBAL ADOPTION:

NEW: 🇰🇪 Kenya’s Treasury and Energy Ministries are is working on a national strategy for #Bitcoin. "Kenya means business." 👀. POST: https://twitter.com/BTC_Archive/status/1786072180259787257

⚡️ex-PayPal President says “#Bitcoin is the neutral settlement network for all payments in the world.” POST: https://twitter.com/BTC_Archive/status/1785988045138735454