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Guess what day it is? Humpday! Folks, not a lot of big news going on today. Bitcoin made it over $20K and is currently struggling to maintain it. News that's getting the most coverage is Nexo Co-Founders are denying that they are next to get whacked, SWIFT trialing demos on how a global CBDC could become reality, and Italy is granting regulatory approval to over 70 Crypto firms. 

Three reasons why the bottom might be in: 

• Strong Holder Behavior
• Miner Capitulation
• Long-Term Supply at All-Time High
  

Definitely check out the other regulatory news below because the federal regulators are about to pass judgement on Ethereum, SEC says regulation start with Stablecoins, incoming regulation could be a green light for institutional investors, and European council passes MiCA.

Podcast of the Day: The Scoop - Block and Circle are teaming up to onboard crypto's next billion users

Trending

• Do Kwon responds to ‘falsehood’ reports of South Korea freezing his $40 million in crypto (Finbold | Coindesk | UToday | BIC | EWN | Blockworks)
• The European Council passes MiCA, EU’s comprehensive crypto regulation (TB | Finbold | CryptoPotato | Cointelegraph)
• SWIFT Trial Demonstrates How Global CBDC Network Could Become Reality (BIC | Coindesk | Cointelegraph | CryptoPotato)

Gaining Traction

• Nexo Co-founders Deny Being Next for the Chop After Celsius and Voyager Bankruptcies (BIC | Cointelegraph)
• Italy grants regulatory approval to over 70 crypto firms without proper checks (Finbold | Coindesk | BIC)

CRYPTO MARKET

• Middle East and North Africa are fastest-growing crypto markets: Data (Cointelegraph)
• Crypto Payments On Twitter Under Elon Musk Could Soon Be A Reality: Influential Trading Group (EWN | UToday)
• South Carolina treasurer goes on Bitcoin 'fact-finding trip' to El Salvador (Cointelegraph)
• Have We Bottomed? FTX’s Sam Bankman-Fried Weighs In on State of Crypto Markets As Prices Consolidate (TDH)

BITCOIN

Price

• Bitcoin Holds Steady Above $20,000 as Enthusiasts Rally Around 'Uptober' Meme (Decrypt | NewsBTC)
• Bitcoin still has $14K target, warns trader as DXY due ‘parabola’ break (Cointelegraph)
• Bitcoin repeats key bear market move as $19K becomes key BTC price zone (Cointelegraph)
• Bullish: Institutional Investors' Entry Point Spotted, Analyst Sights Possible Upswing (UToday)
• Bitcoin derivatives data reflects traders’ belief that $20K will become support (Cointelegraph)

Whales

• Bitcoin whales show ‘rare’ signs of sustained accumulation – what it indicates? (Finbold)

Opinion

• 3 Reasons Why Bitcoin Bottom Might Be In: ARK Invest Crypto Analyst (CryptoPotato)
• Billionaire ‘Shark’ Mark Cuban Explains Why He Is ‘Still Really Bullish on Crypto’ (Cryptoglobe)
• Here’s What ‘Max Pain’ Could Look Like for Bitcoin (BTC) Holders, According to On-Chain Analyst Willy Woo (TDH)
• Will bulls take charge now that Bitcoin price trades above a long term trendline resistance? (Cointelegraph)
• Bitcoin, Ethereum and Altcoins Are About To Outperform Most Major Asset Classes, According to Bloomberg Analysts (TDH | CryptoPotato)

Mining

• What is Bitcoin hash rate and why does it matter? (Cointelegraph)
• Bitcoin mining touted to reduce Kenyan villages’ energy costs by 90% (Finbold)
• Core Scientific mines 9% less BTC in September while expanding hash rate 2.4% (TB)
• Why Bitcoin Miner Revenues Are The Biggest Bear Market Loser (Bitcoinist)
• Greenidge seeks to raise up to $22.8 million in stock offer (TB)

ETHEREUM

• Vitalik Buterin Reveals Ethereum’s (ETH) End Game, Names Several Big Visions for Future (TDH)
• Ethereum Bulls Won’t Like What These On-Chain Metrics Suggest (BIC)

XRP

• XRP Price Could Get A 23% Boost From This Bullish Formation Breakout (NewsBTC)

CARDANO

• Here's What Cardano's "Superpower" Is, Developer Explains (UToday)
• Crypto Community’s Cardano Price Predictions See $ADA Surge Over 30% This Month (Cryptoglobe)
• Leading Cardano DEX Just Performed Major Upgrade (UToday)

SOLANA

• Solana Spikes 4% After Recent Recurring Glitches – A Little Shine For SOL? (NewsBTC)

STABLECOINS

• Circle removed $9 billion from USDC supply in the last three months (TB)

PRIVACY COINS

• Are Monero Developers Behind the Latest Zcash Attack? (BIC)

EXCHANGES

• Coinbase expands to Australia with focus on institutions in ‘months to come’ (Cointelegraph | Coindesk)
• Coinbase intensifies push into derivative trading with new exec hire from Goldman (TB)
• Russia Blocks Access to Crypto Exchange OKX (Decrypt)

LEGISLATION/REGULATION

• Federal regulators are preparing to pass judgment on Ethereum (Cointelegraph)
• Former SEC Chair Jay Clayton Says Crypto Regulation Must Start With Stablecoins (TDH)
• Incoming Crypto Regulations in the US Could Be a Green Light for Institutional Investors (BIC)
• Despite call for Congress to act, new crypto laws look unlikely this year (TB)
• House Republicans seek central bank digital currency opinion from Department of Justice (TB)
• Canada Firms Hit With Lawsuit for Failing To Disclose Crypto Trading Fees (BIC)
• Want an Innovative Crypto Future? It Takes Regulation (Blockworks)
• US lawmakers request Justice Dept share CBDC assessment (Cointelegraph)

LEGAL BATTLES

• FTX’s $1.4B bid on Voyager Digital assets: A gambit or a way out for users? (Cointelegraph)
• SEC Seemingly Fears Ripple’s ‘Gigantic Win’ In XRP Suit, Takes Shot At Firms Supporting Ripple (ZyCrypto)

ATTACKS/HACKS/SCAMS

• Crypto ATMs emerging as popular method for crypto scam payments: FBI (Cointelegraph)
• Hacker Forfeits $21,849,087 Worth of Bitcoin to Feds, Sentenced to 20 Years in Prison (TDH)

LISTEN

• The Breakdown: After Rektember, Is Uptober Back?
• Bitcoin Fundamentals: BTC098: Proof of Stake (PoS) Versus Proof of Work (PoW) w/ Jason Lowery (Bitcoin Podcast)
• What Bitcoin Did: How Bitcoin Helps Mitigate Climate Change with Harald Rauter
• Stephan Livera: SLP418 NVK Tapsigner: Bitcoin Hardware for the Masses?