US gov’t shock market with 10K Bitcoin move, Pump.fun the ‘worst casino on Earth’

Yesterday was about as confusing as it gets for Bitcoin as the price climbed steadily in the $60,000 range. Then, the US Consumer Price Index report revealed unexpectedly positive figures, which should have helped boost the price of BTC. However, the opposite happened as Bitcoin dumped 5% courtesy of the US government moving 10,000 of its Silk Road Bitcoin stash. Elsewhere, Iran is offering a bounty to anyone who reports illegal crypto mining, many crypto influencers could get hit hard with a new US FTC rule banning fake likes and followers, and we look at why betting on memecoins on Pump.fun offers worse odds than playing roulette in a casino.Further reading:BTC price suddenly drops 5% as Bitcoin rejects low CPI printUS government moves 10,000 BitcoinUS gov’t Bitcoin sale ‘doesn’t affect anything’ as analyst blames bearsIran is giving $24 to anyone who reports illegal crypto minersCrypto influencers on notice after FTC bans fake likes and followersMemecoin casino: $100 bet on Pump.fun has worse odds than rouletteSo, grab yourself a coffee, and let’s get into it.Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.