“Bitcoin might just be humanity’s greatest invention.”
— Jeff Booth
Folks! Happy Monday and from 10,000 feet in the air, I am on travel again so the briefs might look a bit weird or I might not be able to push one out I will be back in full swing next week.
QUESTION OF THE DAY
Are we closer to a cycle peak, or just at the beginning of Bitcoin’s largest expansion yet?
BITCOIN PRICE ACTION
- Bitcoin Price Reclaims $112K as Bull Market Sentiment Returns (CryptoPotato, Cointelegraph)
- $8 Billion in Bitcoin Accumulation Could Drive BTC Price To $115,000 (BeInCrypto)
-
It’s been 1,053 days since the November 2022 Bitcoin lows at $15K. Previous cycles lasted 1,064 days
BITCOIN MINING
- Crypto Miner TeraWulf to Raise $3B in Google-Backed Debt Deal to Expand Data Centers (CoinDesk)
BITCOIN ADOPTION
- Smartest man alive converts all his assets into Bitcoin (The Street) (E)
WHALES
- Bitcoin wallet holding $44 million moves funds after 12 years (The Block, Decrypt)
-
XRP whales scoop up 120 million tokens (Finbold)
STRATEGIC RESERVE & CORPORATE TREASURY
- Crypto treasury companies pose a similar risk to the 2000s dotcom bust (Cointelegraph)
- NYDIG Calls for Bitcoin Treasury Companies to Drop 'Misleading' mNAV Metric (CoinDesk)
- Strategy adds $22M in Bitcoin, now holds more than 640K BTC (Cointelegraph, The Block)
- Korea’s $930B Pension Giant Urged to Invest in Bitcoin and Digital Assets (BeInCrytpo)
- Tom Lee’s Ethereum Treasury Firm Adds 234,850 ETH in Just One Week To Push Value of Crypto Holdings to $11,000,000,000+ (The Daily Hodl) (E)
ETF
- October is ‘ETF month’ as 16 crypto funds await final decision (Cointelegraph)
- Bitcoin and Ethereum ETFs Lose $1.7 Billion as Institutions Retreat (BeInCrypto)
- SEC makes groundbreaking move in XRP ETF approval process (Findbold)
ALTCOINS
- XRP sees over $6 billion inflow overnight (Finbold)
STABLECOINS
- USDT and USDC dominate $46B in quarterly stablecoin inflows (Cointelegraph)
- Swift to work with Consensys on blockchain prototype for cross-border payments (The Block, Cointelegraph)
LEGISLATION
- Massachusetts to hold hearing to consider Bitcoin reserve bill (Cointelegraph) (E)
REGULATION
- US regulators dismiss SEC-CFTC merger rumors, move to dispel crypto ‘FUD’ (Cointelegraph) (E)
- Crypto Regulator Adrienne Harris Resigns as Head of DYDFS (Decrypt, Cointelegraph, The Block) (E)
VOICES
- MICHAEL SAYLOR: "If people knew what I know, Bitcoin would go to $10M tomorrow." 👀
- JORDI VISSER: Expect major BTC corrections during Q4 and before new all-time highs (Cointelegraph)
- SAMSON MOW: Nation-state Bitcoin adoption to enter 'suddenly' phase soon
- RYAN WATKINS: Crypto Treasury Firms Could Become Long-Term Giants like Berkshire Hathaway (CoinDesk)
- MIKE MCGLONE: Galaxy's CEO says Bitcoin’s “biggest bull catalyst” could be Trump’s pick for the next Fed Chair. "A dovish Fed could send Bitcoin to $200K." 🚀
- JEFF BOOTH: "Bitcoin might just be humanity’s greatest invention."
- TOM LEE: 95% of investors have ZERO Bitcoin exposure "You're way ahead if you're buying Bitcoin today."
- LYN ALDEN: Macro Guru Predicts Bitcoin Will Be Larger Than Gold’s $25,000,000,000,000 Market Cap (The Daily Hodl)
- SHEHBAZ SHARIF: JUST IN: 🇵🇰 Pakistan's Prime Minister says crypto is one of the "tools of the future."
- JACK DORSEY: "The Bitcoin white paper is one of the most seminal works of computer science in the last 20-30 years." "It's poetry." (E)
- 🇺🇸 MICHAEL SAYLOR: "There's only room for one nation state to buy up 20% of the Bitcoin network" "I think it will be the United States" (E)
- JUST IN: 🇺🇸 Max Keiser heading to the White House to talk to Trump about Bitcoin! (E)
- JUST IN: 🇺🇸 SEC Chair Atkins says Bitcoin and crypto are his "number one priority" right now. (E)
- NEW: Michael Saylor: says he is not concerned about having to sell Bitcoin 🤝 “We’ve got $74 billion worth of Bitcoin.” 😅 (E)
-
🇺🇸 ERIC TRUMP: “With Bitcoin, you can transfer $500 million on Sunday night with no fees.” “That scares big institutions” (E)
INTERESTING
- Henry Ford predicted Bitcoin 103 years ago 🤯
WHAT TO WATCH
LISTEN TO THIS!
Crypto Vs Banks: Who Controls America’s Money | Summer Mersinger | Bankless
