Bitcoin crossed $71,000 for the first time ever during Asian trading hours on Monday,

up around $4% at around $72,100 as of 10.30 a.m. Eastern time.

The Coin Desk 20 index is up 3% in the same time period.

Founders of Newsletter Service London Crypto Club

attributed the price rise to the London Stock Exchange's decision to accept applications for Bitcoin

and Ether Exchange traded notes and the Eliquid Asian market conditions. The UK Financial

Conduct Authority opened the doors on Monday for institutional investors to create

asset-backed exchange traded notes. The London Stock Exchange leader confirmed that it would

accept applications for Bitcoin and Ether ETNs in the second quarter of this year.

With Bitcoin up over 200% in the last year, Pershing Square Capital Management founder and CEO Bill

Ackman is getting in on the conversation. The billionaire hedge funder previously mostly

steered clear of crypto involvement, but now he's saying, quote, Bitcoin price rise leads

to increased mining and greater energy use, driving up the cost of energy,

causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased

mining, driving demand for energy, and the cycle continues. And quote, Akman's post on extra

response from the Bitcoin community, including micro-strategy's founder and executive chairman Michael Saylor, who offered to speak to Ackman directly on the subject.

And the Doggwif Hat community plans to put the meme on the Las Vegas sphere.

The meme coin community members are raising $650,000 to pull off the feet.

The donation page that went live on Sunday has raised just under half of the target amount.

The sphere is a spherical entertainment venue that seats over 18,600 people, and the outside is a gigantic display panel that completely wraps around its dome.

The dome can reportedly be rented out for $450,000 a day to display whatever its purchaser wants.

That's it for CoinDesk Daily.

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