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It's Fridayyyy Folks! Bitcoin struggles to stay above $20K as $BTC balances on exchanges hit critical low levels. Bitcoin traders' outlook is so bleak that some Analyst see a buying opportunity. A triple-bottom formation could be the catalyst for a big move up as fundamental $BTC cross is about to happen on-chain. A squeeze to $23K is still open as the overall Crypto market cap holds key support level on the 200-week MA. Data suggest that the bulk of Bitcoin positive movement happens on European time. 

The Merge is almost here and Bitcoin & Ethereum funding rates remain negative amid market volatility and derivative volumes of Ether surpass Bitcoin. Total $ETH staked has more than doubled in a year and Ethereum Whales move $ETH to exchanges. $ADA could start outperforming $BTC ahead of its major smart contract network upgrade. 

Analyst says that the DXY will need to cool off in order for Crypto to rally and some short term upside to $SOL; $XRP to .49 by end of month. Vitalik said he knew the bull market would end; no duh. He's also quite concerned about Bitcoin security. More delays for El Salvador's Bitcoin bond says Tether CTO Paolo Ardoino. CZ says Binance was never a Chinese company.

Coins from the bankrupt CeFi platforms is getting a little boost as Celsius signals the ability to unlock some funds but the third bankruptcy hearing yielded little for users. Crypto casino staked.com has gotten sued and like Crypto.com Coinbase has frozen users bank accounts due to a bug that allowed Georgian residents to gain 100x profit. KyberSwap is paying 15% bounty if attacker returns $265K in stolen Crypto. There is a new phone that is de-Googled and keeps your Crypto safe. Beware of fake Google translate application that allows mining of Monero on your computer. 

BREAKING

• BlackRock taps Kraken's CF Benchmarks to power its bitcoin offering: Exclusive (TB)

TRENDING

• Here's When Cardano's Vasil Upgrade Will Take Place (UToday | Decrypt | CryptoPotato | BIC | Cointelegraph | TB | TDH)
• KyberSwap says it will pay 15% bounty if attacker returns $265K in stolen crypto (TB | Coindesk | Cointelegraph | TB | Blockworks) 
• Coinbase Users Across Georgia Milk Price Bug for 100x Profit (Blockworks | Coindesk | TB | Bitcoinist)

CRYPTO MARKET

• Trust in crypto remains strong despite bear market: Bitstamp survey (Cointelegraph)
  
• Crypto winter teaches tough lessons about custody and taking control (Cointelegraph)
• Crypto & Stock Markets Jump on August Jobs Data (BIC)

BITCOIN & ETHEREUM

• Bitcoin Struggles To Stay Above $20,000 As BTC Balance On Exchanges Hits Critical Low (ZyCrypto)
• Bitcoin (BTC) Triple-Bottom Formation Could Be the Catalyst for a Big Move Up (BIC)
• Bitcoin squeeze to $23K still open as crypto market cap holds key support (Cointelegraph)
• Fundamental BTC Cross About to Happen On-Chain, Here's What It Is (UToday)
• Data Shows Bulk Of Bitcoin Positive Movement Happens On European Time (Bitcoinist)
• Bitcoin Traders’ Outlook Is So Bleak That Some Analysts See Buying Opportunity (Coindesk)
• Bitcoin, Ethereum Funding Rates Remain Negative Amid Market Volatility (Decrypt)
• $15,000 Is Where Bitcoin Can Drop Thanks to New Jobs Report: Details (UToday)
• Bitcoin hits new September high on US payrolls, G7 Russian energy cap (Cointelegraph)
• Ethereum Returns to Pivotal Level, Might Aim for Significant 24% Recovery (UToday)
• Bitcoin must break $25K threshold for any chance of a recovery (Finbold)
• Bitcoin, Ethereum Prices Shaky Following Mixed US Jobs Report (Decrypt)
• Bitcoin’s in a bear market, but there are plenty of good reasons to keep investing (Cointelegraph)

ALTCOINS & STABLECOINS

• Price analysis 9/2: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB (Cointelegraph)
• Crypto Biz: You can’t stop the Tether FUD (Cointelegraph)

A CRITICISM OF THE CURRENT BITCOIN AS MONEY NARRATIVE

THE MERGE

• Derivative Volumes of Ether Surpass Bitcoin Ahead of Merge (Coindesk | TB)
• ETH Whales Move Ethereum to Exchanges Awaiting The Merge (BIC)
• The Ethereum Merge Is Almost Here. What Could Go Wrong? (Decrypt)
• Total Ethereum ($ETH) Staked More Than Doubled In a Year Ahead of the Merge (Cryptoglobe)
• Why The Merge won't solve Ethereum's scaling challenges (TB)
• Experts weigh in on the Ethereum vulnerabilities after Merge: Finance Redefined (Cointelegraph)

• #Decryptlive Eth Merge Is On The Horizon (Decrypt)

CARDANO VASIL HARD FORK

• Cardano ($ADA) Could Start Outperforming $BTC Ahead of Major Smart Contract Network Upgrade: Analyst (Cryptoglobe)
• Cardano Creator Charles Hoskinson Clarifies Crypto Project’s Position on Burning ADA To Reduce Supply (TDH)
• $ADA: IOG Says ‘Most Significant Cardano Upgrade to Date’ Is Coming on September 22 (Cryptoglobe | BIC | ZyCrypto)
• $ADA Stake Pool Operator: Why Cardano Has a Better PoS Design Than Ethereum (Cryptoglobe)

ANALYST'S CORNER

• Gareth Soloway: Pundit Who Predicted Bitcoin’s Plunge To $20k Lowers Bet To $12,000 (ZyCrypto)
• Michaël van de Poppe: Crypto Analyst Outlines What Needs To Happen for Bitcoin and Crypto Markets To Reverse Course (TDH)
• Altcoin Sherpa: Top Crypto Trader Updates Outlook on Solana, Polkadot, and One Ethereum Rival Newly Listed on Coinbase (TDH)
• CoinMarketCap: Crypto Community Sees $XRP Price Explode Upward in September, Data Shows (Cryptoglobe)
• CoinMarketCap: Crypto Community Sees Cardano ($ADA) Price surge 35% in September - $.62 (Cryptoglobe)
• Jason Pizzino: Popular Analyst Issues Crypto Market Warning for ‘Difficult’ September (TDH)

NOTABLE VOICES

• Vitalik Buterin: He Knew That Bull Market Would End (UToday)
• Vitalik Buterin: Ethereum founder is concerned about Bitcoin’s security (Finbold)
• Vitalik Buterin: Switch to Proof-of-Stake More Secure, Says Buterin Ahead of Merge (BIC)
• Paolo Ardoino: El Salvador Bitcoin bond delayed due to security concerns: Tether CTO (Cointelegraph)
• CZ: Hits back at claims Binance is a Chinese company (Cointelegraph | BIC)
• Sam Bankman-Fried: FTX CEO Says His Crypto Bailouts Have Had Mixed Results – Here’s Why (TDH)

ACQUISITION

• Celsius shareholder BnkToTheFuture set to acquire crypto lender Salt (TB | Cointelegraph | Blockworks)

CEFI

• Phenomenon: Coins from bankrupt crypto firms top market gains (Finbold | Cointelegraph)
• Celsius’ Third Bankruptcy Hearing Yields Little in the Way of Customer Relief (TB | Coindesk)

REGULATORY WATCH

• Thailand Toughens Rules for Crypto Ads (Coindesk | Cointelegraph)
• EU's MiCA Crypto Law Text Ready Within 6 Weeks, Lead Lawmaker Says (Coindesk)
• Brazilian SEC seeks to change its role in cryptocurrency regulation (Cointelegraph)

EXCHANGES

• Revolut slashes crypto trading fees by 20% starting October 2022 (Finbold)
  
• dYdX Cancels $25 Deposit Bonus Campaign After Twitter Roasts Webcam ‘Liveness Check’ (BIC)
• Bybit to Follow Binance by Introducing Zero Fee Trading (BIC)
• Fake Crypto Trading Data Revealed by Forbes’ Research into 160 Exchanges (UToday | Cointelegraph)

MINING

• Armenia aims to position itself as a Bitcoin mining hub (Cointelegraph)
• Ethereum Mining Revenue Soars to 3-Month High in Last Full Month of PoW (BIC | TB)
• Bitcoin Bearish Signal: Miners Move 4.4k BTC to Binance (Bitcoinist)
• Bitcoin mining stock report: Friday, September 2 (TB)

BITCOIN MINERS SHOULD TAKE SOLAR ENERGY PLUS STORAGE MORE SERIOUSLY

LEGAL BATTLES

• Crypto Casino Stake.com Sued For $400 Million By Former Partner (Bitcoinist | BIC)

THE BAD

• Crypto malware impersonating Google Translate app infects thousands of PCs (Finbold)
• Above Phone: New Device is “DeGoogled” and Keeps Your Crypto Safe (BIC)
• Why The FBI Alerted Crypto Investors About Increased Cyber Attacks (Bitcoinist)

LISTEN

• What Bitcoin Did: The Right to Bitcoin Privacy with Max Hillebrand
• Decrypt Daily: Sept 1: Bitcoin Hash Rate Soars
• The Wolf Of All Streets: This Guy Invented Digital Currency Way Before Satoshi | David Chaum, xx network
• The Scoop: Paolo Ardoino talks Holepunch and the the future of P2P tech
• Bitcoin Audible: Read_648 - Bitcoin is the Hills [Captain Sidd]
• The Breakdown: D.C. vs. Saylor
• On The Brink: Weekly Roundup 09/02/22 feat. Kyle Waters (Merge priced in, Roche and Ava Labs, Will Dai float freely?)
• Bankless: ROLLUP: Saylor Getting Sued | Avalanche Playing Dirty?! | MERGETEMBER | Maker Drama
• Bitcoin Magazine: Bitcoin VS Communism w/ Mark Moss

Disclaimer: If you take anything I post as financial advice that's on you boo! I curate news information daily (with the knowledge I've acquired since 2011) to provide you a view of what is happening around the Digital Asset space. If YOU decided to buy, hold, or trade Digital Assets as a result of reading what I've posted, that is YOUR decision and this isn't advice. You should discuss any investments with your financial advisor and if you don't have one, find one.