Crypto Corner Podcast: Cryptocurrency Stocks in the News: (OTC: GBTC) (NasdaqGM: CAN)

Crypto Corner Podcast: Cryptocurrency Stocks in the News: (OTC: GBTC) (NasdaqGM: CAN)

Episode Transcript

(00:00):
Welcome to today's edition of Cryptocorner atinvestoridias dot com news on what's driving the
cryptocurrency market. Hello everyone, thisis Sam Mauers here. Welcome to another
episode of the crypto Corner podcast.For news. Today, gray Scale has

(00:21):
won its ETF lawsuit against the SECand we have commentary on the ramifications of
this from Lolly CEO Alex Aidelman.Finally, also, Kanon has posted its
quarterly financial results. Just before weget into the news though, a quick
reminder that if you enjoy this podcastto please feel free to share it or

(00:43):
leave us a review, and asalways, I recommend checking out some of
the other podcasts on investoridias dot com. This includes the Cannabis Podcast, the
Clean Tech and Climate Change Podcast,along with many others, all of which
will bring you up to speed onthe latest news and trends in their respective
spaces. All right, so,digital currency asset manager gray Scale Investments reported

(01:08):
that it won its lawsuit challenging thedecision by the Securities and Exchange Commission the
SEC to deny conversion of Grayscale BitcoinTrust into an ETF. Grayscale Bitcoin Trust,
by the way, trades on theOTC under the ticker GBTC. Grayscale

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CEO Michael Sonnenscheine commented, this isa historic milestone for American investors, the
bitcoin ecosystem, and all those whohave been advocated for Bitcoin exposure through the
added protections of the ETF wrapper.Grayscale has adhered to US financial rules and
regulations in building our product suite sinceour founding in twenty thirteen, underpinned by

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one fundamental belief investors deserve transparent relatedaccess to crypto. It's incredibly exciting that
we are one step closer to makinga US spot Bitcoin ETF a reality.
End quote. Alex Aidelman, CEOand co founder of bitcoin rewards application Lally,

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has provided the following commentary to Investorsdot Com regarding this news quote.
Gray scales victory against the SEC incourt this week is a milestone for the
bitcoin ecosystem and suggests that bitcoin ETFapprovals from the regulator may be coming soon.
The SEC's failure to provide clear,transparent explanations for selectively rejecting and approving

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materially similar bitcoin based financial products hascreated frustration and confusion in the industry while
stagnating growth and innovation. The rulingwill put new pressure on the SEC to
be transparent in sharing coherent explanations onits approval process and help pave the way
for products that will make bitcoin accessibleto mainstream investors. Bitcoin's price rally on

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the news suggests that investors are pricingin this development as a vote of confidence
in upcoming bitcoin ETF approvals and astronger, more transparent regulatory environment. The
most recent round of bitcoin ETF applicationsfrom leading global institutions like black Rock and
Fidelity has only further demonstrated that demandfor bitcoin is growing among TOMP institutions and

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investors. At the same time,spot bitcoin ETFs have seen rather accelerated listings
in the EU and beyond, demonstratingthat now is the time for the US
to embrace innovation by making bitcoin availableto investors through exchange based products, or
risk falling behind global powers that aremoving faster to claim this advantage. For

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more on law Ali, please visittheir website at l LI dot com and
thanks to Alex Aidelman for providing thatcommentary. Lastly for today, Kanon Inc,
which trades on the NASDAC as cAN, has announced its unaudited financial
results for the three months ended Junethirtieth. This year, highlights include six

(04:24):
point one million terra hash per secondof total computing powers sold, revenues of
seventy three point nine million USD total, and a mining revenue of fifteen point
nine million dollars. Nangangjang hope Isaid that right. That's the company's chairman
and CEO said. Despite the relativelystagnant bitcoin price in the second quarter,

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our endeavor to drive sales across variousfronts, including major clients, channels,
and retail yielded encouraging results. Thiseffort propelled our total computing power sold to
a markable six point one x ashper second, up forty four percent sequentially.
Our partnerships with channel clients proved fruitful, while our online retail store continued

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to capture new clientele from diverse geographicalregions. Our mining revenue further set a
new historic high in the second quarterof twenty twenty three. Recently, we
have expanded into new mining projects inAfrica and South America. End quote.
That does it for today's crypto quorum. If you would like to be a

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Payments Corp. Apptech is an innovativefintech company whose mission is to deliver a
better way for businesses to provide theircustomers with immersive commerce experiences. For more
information, visit Appteccorp dot com.Apptech trades on the MAZDAC under particular Syble apc X