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$BTC Weekly Timing Where Low "Could" Be In FIBOSWANNY
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It's Fridayyyyy Folks! Seems like SBF is going on a celebrity tour and I am baffled that anyone is listening to a word he has to say; ESP the folks in Crypto. I didn't lose a cent to him but instead of the media chit chatting with him, they should be channeling their inner Rihanna by saying: "Bitch better have my money."
Meanwhile, Bitcoin is "tick tock, next block" as it has for the past 14 years. Making an effort to push higher ahead of the options expiration. $20K appears to be resistance on the weekly so maybe next week it will get there; barring another shoe dropping. Mining revenue fell 20% in Nov and outflow ratio hit 6-month high.
$ETH, $DOGE, and $ADA are getting coverage in the news today as politicians and regulators grapple over what to do about the FTX Fiasco; legal battles continue with activity around the Terra Luna founders and Ripple case.
WATCH
LISTEN
Podcast of the Day: Can Bitcoin Bridge the Political Divide? With Ted Cruz | What Bitcoin Did
REFERENCES
CRYPTO MARKET
BITCOIN
Miners
- Bitcoin mining revenues fell 20% in November (TB)
- Bitcoin miner outflow ratio hits 6-month high in new threat to BTC price (Cointelegraph)
- Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain (Coindesk)
- Crypto miners in Russia capitalize on the bear market by hoarding ASIC devices (Cointelegraph)
- Bitcoin's mining difficulty set for largest single drop of 2022 (TB)
Price
- Bitcoin, ether, crypto stocks plummet following bumper U.S. jobs figures (TB)
- Bitcoin bulls lie in wait as US dollar strength hits 5-month lows (Cointelegraph)
- Bitcoin (BTC) Price Slips as US Labor Market Figures Hotter Than Expected (BIC)
- Bitcoin At $500K No Longer Possible, Galaxy Digital CEO Says, As He Backtracks (Bitcoinist)
- DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance (Cointelegraph)
- Bitcoin and Ethereum in See-Saw Movements as US Adds a Massive 263,000 Jobs (TDH)
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Bitcoin, QQQ Correlation Dips to Lowest Level in More Than 3 Years (Blockworks)
FTX
- Is Bitcoin the only crypto that will survive FTX? | Interview with Bitcoin maximalist (Cointelegraph)
ETHEREUM
- Crypto Market Analysis: Ether’s Recent Strength vs. Bitcoin Reaches Key Crossover Signal (Coindesk)
USDT
- Tether Co-Founder Pressed on Lack of Transparency (UToday)
BNB
- Will Binance Coin (BNB) Follow FTX Token (FTT) and Become the Next Crypto to Collapse? (BIC)
XRP
- Ripple Price Prediction: Why $0.385 Area Is Critical for XRP Trend (BIC)
- Crypto Whales Are Super Bullish On XRP As The Ripple vs SEC Case Nears Long-Awaited End (ZyCrypto)
DOGE
- Dogecoin records inflows of $5 billion in 5 weeks as DOGE trading volume skyrockets (Finbold)
- Can Dogecoin (DOGE) Price Post Further Gains Before Year-End? (BIC)
- Demand for ‘Dogecoin’ on Google in the U.S. skyrockets by 600% (Finbold)
CARDANO
- Cardano Trumps All Other Cryptoassets in Terms of Developer Activity, Says Analytics Firm (Cryptoglobe | UToday | Finbold)
- New Cardano algorithmic stablecoin evokes old fears for the community (Cointelegraph)
- When Will Cardano (ADA) Finally Resolve Its Consolidation Pattern? (BIC)
MATIC
- Polygon Whale Deposits $12M In MATIC To Coinbase, Damper For Latest Rally? (Bitcoinist)
LEGISLATION/REGULATION
- US Policymakers Still Keen on Their Crypto Investments Despite Bear Market (BIC)
- NYDFS Proposes Regulation Allowing It to Charge Crypto Companies in New York for Supervision Costs (Coindesk)
LEGAL BATTLES
- Ripple vs. SEC: Crypto Legal Expert Breaks Down Upcoming Ruling in XRP Lawsuit (TDH)
- Ripple Ally and SEC: Events Just Getting Started as Scheduling Is Approved (UToday)
- Terra-Luna Cofounder Attends Court Hearing as He Faces Arrest (UToday)
- 3AC bankruptcy process faces challenges amid unknown whereabouts of founders (Cointelegraph)
- Three Arrows Capital liquidators begin taking control of failed hedge fund's assets (TB)
- Seoul court rejects prosecution's move to detain Terraform Labs execs: Yonhap (TB)
- Bankruptcy Law Firms Boom as Crypto Firms Go Bust (BIC)
- Why Galaxy Digital Purchased Assets Auctioned In Celsius Network’s Bankruptcy (Bitcoinist)
Other Podcast
- Adam Cochran on Why Crypto Prices Will Be Down Bad for the Next Six Months | Unchained
- Will Sam’s Frenetic Media Tour Save Him or Damn Him? | The Breakdown
- Did SBF Tell The Truth? | Mario Nawfal, Tiffany Fong, Dave Weisberger & Joshua Frank | The Wolf Of All Streets
- Is Tether/USDT Still Safe? Tether CTO Paolo Ardoino + Week In Review | The Wolf Of All Streets
- Dec 1: SBF’s B.S. Masterclass on The New York Times | Decrypt Daily
- Dec 2: Welcome to The Sam Bankman-Fr**d Daily | Decrypt Daily
- Why regulatory clarity may be a silver lining to the FTX crisis | The Scoop
- Weekly Roundup 12/01/22 (Is SBF playing the media, more Bad Boys, Binance’s Proof of Reserve) | On The Brink
- ROLLUP: SBF Live Interviews | BlockFi Bankruptcy | Crypto Bottom Signals | MetaMask Privacy Policy | Earnifi | Bankless
- What Does The Fed Even Do? - FedWatch 121 | Bitcoin Magazine
- Bitcoin, Explained 69: The Tornado Cash Trial | Bitcoin Explained
- Erik Voorhees Breaks Down SBF's Dealbook Speech | On The Margin
FTX FIASCO
- 7 Revealing Quotes From SBF’s Absurd Media Tour (Blockworks)
- Sam Bankman-Fried’s still sorry, but now he says his memory isn't great (TB)
- Former FTX CEO Sam Bankman-Fried denies “improper use” of customer funds (Cointelegraph)
- Did SBF Admit to Fraud Over Speculation of Mishandling Users’ Funds? (BIC)
- FTX’s Sam Bankman-Fried Knew More About Alameda Research Finances Than Let On: Forbes Report (EWN)
- Crypto community weighs in on SBF’s ‘apology tour’ (Cointelegraph)
- U.S. Trustee asks bankruptcy court to appoint FTX trustee (TB)
- US Senate committee hearing on FTX fail brings gaps in regulatory authority to light (Cointelegraph | BIC)
- Rep. Waters: Sam Bankman-Fried should bring 'candid' FTX discussions to Congress (TB)
- Dems and Reps join forces to pressure SBF to testify before Congress (Cointelegraph)
- FTX Japan drafts plan to return client funds (Cointelegraph | CryptoPotato | BIC)
- FTX Contagion Haunts Yet Another Crypto Trading Firm (CryptoPotato)
- FTX Contagion May Have ‘Infected’ This Crypto Trading Firm That’s Now Facing A ‘Liquidity Issue’ (Bitcoinist)
- Accusation That FTX Misused Customer Funds Presents a ‘Prison’ Problem, Says Crypto Legal Expert Jeremy Hogan (TDH)
- Mike Novogratz: Bankman-Fried is ‘delusional’ and headed to jail (Cointelegraph | TDH)
- Why Bitcoin Bull Mike Novogratz Believes FTX Collapse Is An Opportunity For The Industry (Bitcoinist)
- This Crypto Sector Has Stayed Resilient in the Face of FTX’s Implosion, According to DappRadar (TDH)
- Shark Tank’s Kevin O’Leary Addresses FTX Partnership, Says Blockchain Will Reveal Truth Behind Collapse (TDH)
- Ripple CEO Believes Regulators Should Make It Harder to Pull Off FTX-Style Scams (UToday)
- FTX Crash Could Affect Every F1 Team, Says Mercedes’ Toto Wolff (CryptoPotato)
- GBTC's near $11 billion assets under management pose a risk in the bear market: UBS (TB)
