"We cannot change anything until we accept it. Condemnation does not liberate, it oppresses."
- Carl Jung

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Happy Monday & Labor Day Folks! I guess Bitcoin is going to become a Stablecoin if this keeps up. It's hanging around $20K and can't seem to defeat it; FiboSwanny believes downside risk still exist. It's been declared dead by the media 461 times so that should tell ya something right? 6,000 Bitcoins worth almost $120MM flows out of Binance in a single transaction so that's a little bullish I'd say, but Crypto exchange reserves are reversing up it appers; mix signals. Bitcoin open interest climbs up so that is bullish. 

Trending news of the day sees congressman Brad Sherman admitting Crypto won't be banned and Cardano spikes up ahead of the Vasil Hard Fork. The Ethereum Merge news is a bit light today. 

Central Banks are looking to get in on the Crypto action with Russia legalizing Crypto for cross-border payments and the IMF saying Crypto and Central Banks could set the stage for rich and diverse monetary ecosystem; Winning! 

Same goes for mining, seems news is coming out that says it's NOT harmful to the environment and it uses less energy than the gaming industry; imagine that? Also it appears to be revolutionizing the energy sector. Okay it's Labor Day so I am going to stop laboring :) Until tomorrow!

TRENDING

• Binance Pulling Support of USDC, Converting Several Stablecoins to BUSD (Decrypt | Coindesk | BIC | Cointelegraph | Cryptoglobe | Blockworks | Coindesk | TDH | Bitcoinist)
• Newly Elected UK Prime Minister Liz Truss Has Previously Shown Support For Crypto (EWN | Finbold | Bitcoinist | CryptoPotato | Cointelegraph | BIC | Coindesk | TDH)
• Crypto Ban Won't Happen Anytime Soon, Says U.S. Congressman (UToday | BIC | Cointelegraph | CryptoPotato | TDH)

BITCOIN & ETHEREUM

Positive

• Bitcoin Is Ready for Big Move with Major Macro Events Coming This Week (UToday)
• 6,000 Bitcoins worth almost $120 million outflows from Binance in single transaction (Finbold)
• Bitcoin Open Interest Climbs Up, Price To Break Sideways Trend Soon? (NewsBTC)
• On-Chain Indicators Suggest Bitcoin (BTC) Has Reached a Market Bottom (BIC)
• Parabolic Bitcoin Bull Run Likely After Dormant Coin Supply Peaks, Past Data Suggests (Coindesk)
• Ether Primed for Pre-Merge Rally After Wedge Breakout (Coindesk)

Neutral

• BTC price sees new $20K showdown — 5 things to know in Bitcoin this week (Cointelegraph)
• Bitcoin Flat Around $20K as Volume and Volatility Plunge (Market Watch) (CryptoPotato | BIC)
• Bitcoin in Accumulation Phase Despite Macro Headwinds, On-Chain Data Indicate (Coindesk)
•  

Negative

• Bitcoin declared ‘dead’ by media 461 times, yet new data hints at another scenario (Finbold)
• Massive Bearish Sign? Crypto Exchange Reserves Are Reversing Up (UToday)
• Bitcoin Struggles To Cement Its $20K Price Mark While Chainlink Outperforms (NewsBTC)
• $500 Million In Bitcoin Shorts Pile In As BTC Price Sits Below $20,000, Will They Get Squeeze? (NewsBTC | Blockworks)
• Ethereum (ETH) Struggles Ahead Of the Merge, Can Price Retest $1,900? (NewsBTC)

THE MERGE

• ETH Merge: CoinGecko co-founder shares strategy for forked tokens (Cointelegraph)
• FTX to halt ETH deposit and withdrawals on Arbitrum, Solana, BSC during the Merge (Cointelegraph | EWN)
• Why Binance Will Suspend Ethereum And Wrapped Ether Wallet Services Ahead Of “The Merge” (Bitcoinist | BIC | Cointelegraph | TDH)
• Citi: Ether Extends Rally Ahead of the Merge Despite Bitcoin Weakness (Coindesk)
• Ethereum Nears Another Milestone Ahead Of Merge, Rally Incoming? (NewsBTC)
• How to Benefit from Ethereum’s Merge: CoinGecko’s Co-Founder Hints (CryptoPotato)
• Ethereum gone wrong? Here are 3 signs to keep an eye on during the Merge (Cointelegraph)

CARDANO VASIL HARD FORK

• Cardano ($ADA) Market Cap Surges to $17 Billion As Vasil Hard Fork Date is Confirmed (Cryptoglobe)
• Cardano adds $2 billion to its market cap in a week as Vasil hard fork date confirmed (UToday | BIC | Finbold | UToday)

ALTCOINS/STABLECOINS/CBDCs

• Price analysis 9/5: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB (Cointelegraph)
• Ether and ADA in the green ahead of respective upgrades: This week in markets (TB)
• Cardano Eyes ‘Monster Move’ As ADA Builds Up Momentum To Knock Out XRP Ahead Of Vasil Upgrade (ZyCrypto)
• Cardano Trading For Over 20 Million Robinhood Users — Is A Mind-Blowing ADA Moonshot Incoming? (ZyCrypto)
• Dogecoin Sees 4 Billion Coins Traded Within 24 Hours, Time for Another Price Move? (UToday)
• Will Musk Pump Dogecoin on TV Again? He's Invited to Chris Rock's Show (UToday)
• Saudi Arabia Central Bank Hires Crypto & CBDC Expert (BIC)
• Reserve Bank of India preparing to trial a CBDC with public sector banks and fintechs (Cointelegraph)
• Russia's Finance Ministry is working on stablecoin platforms to avoid cross-border dollar settlement: Tass (TB | Cointelegraph)

ACCEPTANCE

• Federal Reserve Researchers Predict Two Adoption Scenarios for Crypto and DeFi in New Report (TDH)
• Ripples of Bitcoin adoption at Biarritz’s Surfin Bitcoin Conference in France (Cointelegraph)
• IMF Says Crypto and Central Banks Could Set the Stage for Rich and Diverse Monetary Ecosystem (TDH | Cointelegraph | CryptoPotato)
• Bank of Russia agrees to legalize crypto for cross-border payments: Report (Cointelegraph | BIC | TDH)

ANALYST'S CORNER

• DonAlt: Does the Ethereum Merge Narrative Have More Upside? Popular Crypto Trader Looks at State of ETH (TDH)
• Michael van de Poppe: Top Crypto Strategist Predicts September Rallies for Cardano, XRP and Three Additional Altcoins (TDH)
• Benjamin Cowen: Analyst Sets Cardano (ADA) Price Target As Critical Vasil Upgrade Approaches (TDH)
• Kyle McDonald: Crypto Researcher Says Post Ethereum’s Merge, Bitcoin Could Be ‘Regulated Away’ (Cryptoglobe)
• Nicholas Merten: One More Big Sell-Off Coming for Bitcoin (BTC), Says Popular Crypto Analyst – $12-14K (TDH)

NOTABLE VOICES

• Paolo Ardoino: Tether CTO Says El Salvador’s ‘Volcano Bond’ Establishes New Way for Countries To Raise Money (TDH)
• Lyn Alden: Macro Guru Lyn Alden Says Bitcoin Is the World’s Best Ledger, Calls BTC a Marvelous Tech Revolution (TDH)

PEOPLE ON THE MOVE

• Crypto Exchange Binance Hires Former Brazilian Central Bank President as Adviser (Coindesk | TB | BIC)
• Crypto Custody Firm Copper Appoints Tim Neill as Chief Risk Officer (Coindesk)

MINING

• Bitfarms Reports Higher BTC Production Following Increase In Miner Revenues (Bitcoinist)
• Bitcoin Mining Can Revolutionize Energy Industry & Its Use, Says Arcane Research (BIC)
• Bitcoin Mining Is Not Really Harmful To The Environment, Study Shows (Bitcoinist)
• Bitcoin Mining Consumes Less Energy Than Gaming, Reveals Report (Bitcoinist)
• Poolin, One of the World's Biggest Bitcoin Mining Pools, Acknowledges Liquidity Issues (Coindesk | TB | Cointelegraph | Blockworks)
• Bitcoin projected to become first monetary system to hit net zero emissions by 2024 (Finbold)
• Bitcoin Mining Difficulty Witnesses Biggest Increase Since January (NewsBTC)

LEGISLATION/REGULATION

• Crypto Regulation Is Not So Complex, Crypto Skeptics Say (Decrypt)

LEGAL BATTLES

• Roche Freedman Defends Bitfinex, Tether Market Manipulation Suit (Blockworks | TB)
• Crypto Legal Expert Says XRP Settlement Between SEC and Ripple Could Be Imminent (TDH)
• Bitcoiner sentenced to federal prison warns users involved in OTC trading (Cointelegraph)

THE BAD

• Crypto Crooks Push Musk, XRP Scams in Weekend Hacking Spree (Blockworks)
• Scam Alert: No, Vitalik Buterin Isn't Inviting You to Vote for Ethereum (ETH) Fork (UToday)

LISTEN

• The Wolf Of All Streets: The Future Of Crypto With Jeff Garzik
• Bankless: 135 - Crypto Wars 2.0 with Zooko
• What Bitcoin Did: Why Bitcoin is the Best Monetary Network with Lyn Alden
• Bitcoin Audible: Read_649 - The Continual Power of Intermittent Mining [Zack Voell]
• Stephan Livera: SLP410 Pete Rizzo Principles of Bitcoin Maximalism