"The greatest use of a life is to spend it on something that will outlast it."
- William James

Powered by Kyte - Rental cars delivered to your door
Claim $50 off your first booking

Happy Tuesday Folks! Voyager conducted its auction and sold to SBF and now its Celsius turn; the date is set for October 17th after that no more bids will be accepted. Don't look now but McDonald's in Lugano, Italian Switzerland is starting to accept Bitcoin as payment. It's early but so far those are the two stories that's getting the most press.

Meanwhile, Bitcoin is getting a ton of coverage. The price is spiking and if it can break resistance at $20,100 – $20,340, we will see "some bullish momentum;" there are 3 on-chain metrics that points to Bitcoin going higher.  

• Bitcoin hashrate 
• Bitcoin accumulation levels
• percentage of supply in loss

Its correlation with gold reaches its highest level in over a year. Supply on exchanges has hit a 4 year low as Bitcoin HODLers withdraw $683MM in BTC in just one day.  However, Bitcoin miners appears to be in trouble as the price is dangerously close to the cost of production but in good news Bitcoin miners in Argentina are receiving access gas from state-owned energy firm.

Podcast of the Day: The Pomp Podcast: #1099 Robert Breedlove On Money, Power, War & Bitcoin

FOLLOW DAT MONEY

Trending

• Celsius co-founder Daniel Leon steps down: Bloomberg (TB | Cointelegraph | Coindesk | Blockworks | CryptoPotato | Cointelegraph)
• 4 On-Chain Metrics Show the Bitcoin Price Is Primed for Bullish Explosion (BIC | UToday | Finbold | ZyCrypto | Bitcoinist | TDH)
• Celsius Network Sets Auction Date, Sale Hearing For Crypto Assets (Bitcoinist | BIC | CryptoPotato | TB | Finbold)

Gaining Traction

• McDonald’s starts to accept Bitcoin and Tether in Swiss town (Cointelegraph | Cryptoglobe | Blockworks | BM | BIC)

CRYPTO MARKET

• Telegram Wallet Now Lets Users Exchange Crypto With Each Other (Blockworks)
• Mark Cuban: ‘Really Bullish’ on Crypto, Compares Industry Evolution to Early Days of Internet (TDH)
• MasterCard Is Tracking Where, and How, Cardholders Buy Crypto (Blockworks | Coindesk | Bitcoinist)

BITCOIN

Price

• Bitcoin price sees first October spike above $20K as daily gains hit 5% (Cointelegraph)
• Bitcoin will see ‘some bullish momentum’ if it breaks this resistance area (Finbold)
• Bitcoin inches toward $20,000 and ether ticks higher amid hopes hiking may slow (TB)
• Bitcoin Beats September Stock Market Performance, Return Of Digital Gold? (Bitcoinist)

Metrics

• What Does Puell Multiple Say About Current Bitcoin Bear? (NewsBTC)
• Bitcoin’s correlation with gold reaches highest level in over a year (Finbold)
• Bitcoin Dominance (BTCD) Regains Resistance Level as Ethereum (ETH) Falls After Merge (BIC)

HODLers

• Bitcoin Holders Withdraw Over $683,000,000 in BTC in Just One Day, Signaling Confidence: Analytics Firm (TDH | CryptoPotato)
• Number of Bitcoin holders has been steadily rising amid bear market (Finbold | CryptoPotato)

Mining

• Bitcoin miners receive access to waste gas from Argentinian state-owned energy firm (Finbold)
• Bitcoin miner Riot increases hashrate by 16.7% in September (TB)
• Bitcoin miner profitability under threat as hash rate hits new all-time high (Cointelegraph)
• Bitcoin Miners in Trouble? BTC Price Dangerously Close to Cost of Production (CryptoPotato)
• Bitcoin miner CleanSpark posts 21% hash rate growth in September (TB)
• Bitcoin Miner Merkle Increases Hashrate by 900% in 8 Months (Coindesk)
• Bitcoin Miner Selling Eased By 50% Over Past Month (Bitcoinist)
• Barclays Remains Positive on Bitcoin, Sees Miner Core Scientific as ‘Best-In-Class Leverage Play’ (Coindesk)

Investors

• Investors Flee Gold and Bitcoin, Pushing Correlation to New 12-Month High (Decrypt)
• Bitcoin futures volume climbed back above $1 trillion in September after August lull (TB)

Opinions

• Here's When Bitcoin Will Take Back Off, According to Mike Novogratz (UToday | Finbold)
• Bitcoin Price Starts Uptober With Record Open Interest Increase, BTC Rally Will Be Short lived? (NewsBTC)
• Hedge Fund CEO Anthony Scaramucci Predicts Decoupling of Crypto From Stocks – Here’s When (TDH)
• Kaleo: Crypto Analyst Says Bitcoin About to Squeeze Higher for Green October As BTC Shows Strength Against Stocks (TDH)

ETHEREUM

• TA: Ethereum Price Could Rally If It Closes Above This Key Level (NewsBTC)
• Ethereum Registers Massive Inflows Even Though It shows Subtlety (NewsBTC)
• New Metrics Hint that Ethereum Whales Are Manipulating Prices (UToday)
• Fidelity reveals Ethereum index fund with $5,000,000 in sales in new filing (TB | Coindesk | Blockworks)

CARDANO

• Charles Hoskinson Breaks Down Long-Awaited Hydra Update, Responds to Haters (UToday)
• Cardano Price Plunges to 2017 Levels Following Crypto’s 5th Birthday (Blockworks)

SOLANA

• ‘Solana Is Deceptively Designed to Falsely Inflate Usage,’ Alleges Crypto Researcher (BIC)

DOGECOIN

• DogeCoin Surges 8% On News That Elon Musk Will Buy Twitter (EWN | BIC | CryptoPotato)

LEGISLATION/REGULATION

• Biden to Speed up Crypto Regulation as UN Warns of Induced Recession (BIC)
• U.S. Treasury challenges Congress to pass crypto regulation laws to minimize risks (Finbold)
• European Crypto Regulation Roadmap – Everything You Need to Know (BIC)
• Leaked EU Docs Warn Members to Clamp Down on Crypto Mixers (Blockworks)
• SEC Slams Ripple-Friendly Firms for Attempting to Help Defendants (UToday)
• Coinbase 'Very Supportive' of Giving CFTC Exclusive Jurisdiction Over Bitcoin, Ethereum (Decrypt)

LEGAL BATTLES

• Remittance Company and Additional Firm Request To Join Ripple and XRP Lawsuit With SEC (TDH)

LISTEN

• Bitcoin Audible: Read_659 - Adoption & Digital Freedom Will Happen Through Lightning [Paolo Ardoino]
• Unchained: Sam Bankman-Fried on How to Prevent the Next Terra and 3AC
• Decrypt Daily: Oct 3: Stake ETH With T-Mobile?