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

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

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/

Vitor Pamplona: Microstrategy's Orange Decentralized Identity (DID:BTC) project is basically DID:ION, but it stores changes to the DID Document JSON as an OP_RETURN in the blockchain itself instead of on IPFS… POST: 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

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: