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$BTC Weekly Timing Where Low "Could" Be In FIBOSWANNY

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Welcome to Thursday Folks! It's a new month and with Bitcoin pumping (a bit) will this be a new Bitcoin phase? Until it crosses back above $35K and close above that for a few months before I can get excited. Unfortunately the broader economy still indicates there could be more downside so this might be just a relief rally. As a trader paying attention is key. As an investor for the long term (3-5 years) accumulating and stacking sats is the best thing to do. 

Major news events covered is BlackRock CEO saying "Next generation for markets" is tokenization, CFTC Commissioner is reminding everyone that Bitcoin is the only Commodity, and SBF is selling his apology tour and the Crypto community isn't buying it. 

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Podcast of the Day: Senator Pat Toomey's Concerns about the SEC & Crypto | Bankless

BLACKROCK 

• BlackRock CEO Says ‘Next Generation for Markets’ Is Tokenization (Decrypt)
• Here’s how BlackRock CEO Larry Fink’s attitude towards crypto evolved in 2022 (Finbold)
• BlackRock CEO: FTX Token caused downfall, but tech still revolutionary (Cointelegraph)
• BlackRock CEO Still in Crypto for the Tech Despite FTX Scandal (Blockworks)
• What is tokenization and how are banks tapping into its design principles? (Cointelegraph)

CFTC COMMISSIONER (Rostin Behnam)

• CFTC chief says Bitcoin is the only commodity in the wake of FTX collapse (Cointelegraph | Bitcoinist)
• CFTC Chair Behnam walks fine line during Congress' first FTX hearing (TB)
• CFTC Commissioner Wants Two-Tier Crypto Rules for Retail Investors and Millionaires (Decrypt)
• CFTC Chair Changes His Mind About Ethereum Being a Commodity (CryptoPotato)
• Rostin Behnam points to CFTC-regulated LedgerX as success story amid FTX collapse (Cointelegraph)
• Max Keiser Claims All Crypto But Bitcoin Are Securities, Here's Why (UToday)

CRYPTO MARKET

• Bear Market Length Has Now Matched Previous Cycles, Is Trend Reversal Imminent? (CryptoPotato)
• Hedge Fund Manager Mark Yusko Warns of Two Shock Waves That Could Kill Crypto (BIC)
• Italy Will Impose Crypto Gains Tax at 26% Starting in 2023 (BIC)
• Are Crypto Investment-Product Assets Dead After FTX Blowup? (BIC)
• Crypto and Capitulation — Is there a silver lining? (Cointelegraph)

BITCOIN

• Bitcoin Price Clears $17K, Why Dips Turn Attractive In Short-Term (NewsBTC)
• Bitcoin Hashrate Continues Sharp Plunge As Miners Give Up (Bitcoinist)
• Top On-Chain Analyst Willy Woo Says Bitcoin Mirroring 2015 and 2018 Bottom Formation – $12-13K would shock him (TDH | Cryptoglobe | Cryptoglobe)
• Bitcoin Depot says SPAC merger will continue as planned after solid revenue growth (Cointelegraph)
• Bitcoin Rallies as PCE Price Index Comes in Below Expectations (BIC)
• Bitcoin price volatility expected ahead of Friday’s $430M BTC options expiry (Cointelegraph)
• Bitcoin and Ethereum Struggle While XRP Whales Accumulate (BIC)
• Bitcoin indicators point to an imminent rally mirroring 2020 price action (Finbold)

ETHEREUM

• $ETH: Crypto Analytics Firm Says Ethereum Is ‘Showing Some Serious Bounce Potential’ (Cryptoglobe | TDH)
• Demand for liquid Ethereum staking options continues to grow post-Merge (Cointelegraph)
• Ethereum's Ropsten testnet to fully shut down this month (TB)
• Crypto Market Analysis: Ether’s Recent Strength vs. Bitcoin Reaches Key Crossover Signal (Coindesk)

DOGE

• Dogecoin Solidifies Its Profitability as Rate Reaches 63% (UToday)
• Dogecoin (DOGE) price prediction for Christmas Day 2022: $0.09756 (Finbold)
• Dogecoin Up 24% in Past Week as Twitter Speculation Refuses to Die (Decrypt)

CARDANO

• Deep learning algorithm predicts Cardano (ADA) price for December 31, 2022: $0.42 (Finbold)
• Cardano (ADA) Price In Trouble: Network Activity Tanks While Sell Signals Pop Up (BIC)

MATIC

• MATIC's Unusual Price Spike Puts It at Top of Crypto Market (UToday)
• What Are the Odds Polygon (MATIC) Price Breaks Past $1? (BIC)
• Polygon Integrates into The Graph Network, Setting Huge Milestone (UToday | Coindesk)

LEGAL BATTLES

• Ripple Vs. SEC: Upcoming Replies Won’t Lift Hinman-Secrets, Attorney Claims (Bitcoinist | UToday)

LEGISLATION/REGULATION

• Sen. Warren: Biden administration worked to stop crypto being 'dangerously intertwined' with banks (Cointelegraph)
• New Crypto Regulations Might Not Be Needed According to Fed Governor (BIC)
• Bankman-Fried-backed bill on hold until next Congress, says Senate chair (TB)
• We could use crypto regulation — but let's start with basic definitions (Cointelegraph)
• CFTC Chairman Suggests 'Pause' to Overhaul Senate Bill Following FTX Debacle (Coindesk | Coindesk)

FTX FIASCO

• Sam Bankman-Fried details two factors that led to FTX's demise: NY Magazine (TB)
• SBF Says ‘ I Didn’t Ever Try To Commit Fraud on Anyone’, Crypto Community Reacts (Cryptoglobe)
• Sam Bankman-Fried confronted over the fall of FTX in live interview (Cointelegraph | TB | TB | BIC | Bitcoinist)
• 'I wasn't even trying to do risk management,' Sam Bankman-Fried tells ABC (TB)
• Legal professionals astonished as SBF admits failures, apologizes 12 times in interview (Cointelegraph)
• SBF was 'delusional' in interview, says Galaxy's Mike Novogratz (TB)
• Bankman-Fried-backed bill to feature in Congress' first FTX hearing (TB)
• Genesis Creditors Onboard Restructuring Lawyers, Exploring Ways to Avert Bankruptcy (CryptoPotato)
• Crypto trading firm Auros Global misses DeFi payment due to FTX contagion (Cointelegraph)
• The World’s Largest Asset Manager Blackrock Was Also Exposed to FTX (CryptoPotato | TB)
• Joe Rogan says FTX ‘funneled off like $10 billion’ while duping customers (Finbold)
• Mike Novogratz Says SBF Should Be Locked Up (UToday)
• Sen. Sherrod Brown Urges Janet Yellen To Develop Legislation To Regulate Crypto Industry Following FTX Implosion (Forbes)

Other Podcast

• Is The Mining Bottom In? | Zach Bradford | The Mining Pod 
• #183: Marina Guryeva on FTX’s Relationship with Solana and Neon Labs | CryptoNews
• Post-FTX, India and Europe Push Ahead With CBDCs | The Breakdown
• Read_679 - Green Eggs and Ham, Part 1 [Farrington & Larson] | Bitcoin Audible