“Happiness does not lead to gratitude. Gratitude leads to happiness.”
- David Steindl-Rast

brought to you by STRIKE- Get $10
Buy $BTC and Use the Bitcoin Payments Network at Zero Cost
Better than Venmo and PayPal combined

Happy Humpday Folks! This week is flying by but not by fast enough as Voyager becomes the second Crypto firm to declare bankruptcy. In an email from Voyager: "To be clear: This does NOT mean Voyager is going out of business. The restructuring process is intended to help companies stay in business, which is exactly what we intend to do."

The not your keys, not your coins sentiment continues to spread across the crypto world as many continue to make an exodus from Bitcoin exchanges and CeFi platforms continue but they can't fast enough it appears. 

Meanwhile, things do not look so bad for Bitcoin. There have been some bearish calls to $14K, $10K, even as low as $8K but will they all be proven wrong? On the 4 hour chart, Bitcoin is remaining above the 20 day SMA with overhead resistance remaining around $20,800. If Bitcoin can get above and remain above that level for a few days, the sentiment will turn positive IMHO. 

Analyst's sentiment is a bit bullish as well, with The Wolf of Wall Street saying buy Bitcoin although Peter Brandt thinks we head lower due to pennant chart structure. Cardano continues to be the talk of the Altcoin world as predictions of $2.90 by September is driven by the upcoming Vasil Hard Fork; one to keep on your radar and front of mind. 

CRYPTO MARKET

• Pentagon Bitcoin Report on Decentralization and Security Flawed, Says CEO (BIC)
• Lost money in crypto crash? Here’s what you should know (Finbold)
• What does a bear-market ‘cleanse’ actually mean? (Cointelegraph)
• Bear market delivery! Ohio guy rejoins DoorDash to buy more Bitcoin (Cointelegraph)
• Bitcoin exchange outflows surge as ‘not your keys, not your crypto’ comes back into fashion (Cointelegraph)
• Whales And Miners In The Bitcoin Ecosystem Are Reacting Differently Under The Bear Market (ZyCrypto)

CEFI CONTAGION

• Voyager Files for Chapter 11 Bankruptcy Days After Freezing Withdrawals (Blockworks | BIC | TB | Coindesk | CNBC | Bitcoinist)
• Toronto Stock Exchange suspends Voyager Digital shares – reviews delisting broker (Finbold)
• Despite Voyager's claims, its bank says FDIC insurance will not protect customer USD deposits from firm's bankruptcy (TB)
• Celsius Repays $183M on DeFi Exchange Maker, Gets Back Collateral, Blockchain Data Shows (Coindesk)
• Celsius Reorganizes Board of Directors Amid Liquidity Issues (Blockworks)
• CryptoCom CEO Denies Imposing Withdrawal Restrictions (CryptoPotato)
• 3 Safe Alternatives To BlockFi (Bitcoinist)
• Genesis Confirms Exposure to Three Arrows Capital (Coindesk)

BITCOIN

Positive

• Here’s how Bitcoin performed in H1 2022 compared to major stocks (Finbold)
• Bitcoin (BTC) Makes Third Attempt at Breaking out Above $20,800 (BIC | CryptoPotato | Coindesk)
• Bitcoin price approaches potential springboard to $23K as DXY cools surge (Cointelegraph)
• Bitcoin price swings 7.5% during intraday trading as US recession concerns mount (Cointelegraph)
• Decline In Bitcoin Active Addresses Suggests Market Is Purging Paperhands (Bitcoinist)

Negative

• Bitcoin Bear Market Sends On-Chain Metrics Into Sideways Trend (Bitcoinist)
• Bank of America Loses 50% of Its Active Crypto Users as Bitcoin Posts Worst Quarter in a Decade (Cryptoglobe)

ETHEREUM

• Ethereum (ETH) Weekly RSI Falls to New All-Time Low (BIC)
• Ethereum Reaches New Resistance Line: Here's What to Expect (UToday)
• Ethereum Gains 10% In 24 Hours – Is ETH Set To Rally Further? (NewsBTC | NewsBTC)
• Ethereum Trading Volume Plunged More Than $1.6 Trillion in Second Quarter (BIC)

ALTCOINS

• Altcoins Take The Lead As Bitcoin Struggles To Hold Above $20,000 (NewsBTC)
• Price analysis 7/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO (Cointeletraph)
• Deep learning algorithm predicts Cardano could surge to $2.90 by September (Finbold)
  
• Jed McCaleb’s ‘9 Billion’ XRP Stash Finally Nears Zero After Years Of Huge Selloffs — Bullish For XRP? (ZyCrypto)

STABLECOINS

• Circle looks to reaffirm commitment to transparency as USDC market share soars (Cointelegraph)
• Fed conference hears stablecoins may boost USD as global reserve currency (Cointelegraph)
• Salary payments in USDT stablecoin ruled as illegal in the Chinese court (Cointelegraph)

ANALYST'S CORNER

Bullish

• Yassine Elmandjra: Bitcoin Flashing Multiple Bottom Signals After Massive Systemic Shock, According to ARK Invest Analyst (TDH)
• Craig Johnson: Here's How Bitcoin's Downtrend May End (UToday)
• Jeffrey Halley: Analyst Names Key Bitcoin Price Level to Watch (UToday)
• DonAlt: Professional trader hints at ‘sizeable’ upward move as Bitcoin regains support level (Finbold)
• Mike McGlone: Commodities guru says Bitcoin risk-reward to favor responsive investors in H2 (Finbold | UToday | TDH | Cointelegraph | NewsBTC)
• Jordan Belfort: The ‘Wolf Of Wall Street,’ Advises: Buy Bitcoin Today And Make Money (Bitcoinist | BIC | Cryptoglobe)
• Smart Contracter: Crypto Analyst Who Accurately Called Massive Bitcoin Collapse Forecasts Ethereum Rally, Updates Outlook on BTC (TDH)
• Altcoin Sherpa: Top Crypto Trader Predicts Rally for Ethereum Rival Solana (SOL), Updates Outlook on ETH and STEPN (GMT) (TDH)
• Michael van de Poppe: Crypto market analyst identifies bullish ‘party time trigger’ for Cardano (Finbold)

Neutral

• How Low Will Bitcoin Go? (Richard Black)

Negative

• Peter Brandt: Veteran Trader Highlights Important Bitcoin Chart Pattern (UToday | TDH)
• Santiment: Crypto Analytics Firm Santiment Issues Ethereum Warning, Says ETH at Higher Risk of Sell-Off (TDH)

NOTABLE VOICES

• Sam Bankman Fried: Worst of Crypto Crisis Has Passed: FTX CEO (Decrypt | Bitcoinist) 
• Tim Draper:  Billionaire Issues a Warning on the US Dollar While Predicting a Big Move Into Bitcoin (BTC) (TDH)
• Duncan Coutts: Cardano Has Got "Tsunami" in Works: IOG's Technical Architect (UToday | Bitcoinist)

ACCEPTANCE/ADOPTION

• Yet Another Elon Musk-Owned Company Starts Accepting Dogecoin (UToday | Bitcoinist | Cointelegraph | BIC)
• 85% of merchants see crypto payments as a way to reach new customers: Survey (Cointelegraph)

PROOF OF RESILIENCE — ZIMBABWE CAN USE BITCOIN TO CHANGE ITS FUTURE

ETFs/ETPs

• Short Bitcoin ETFs Popular as Traders Capitalize on Crypto’s Bear Market (Blockworks | Cointelegraph | Decrypt)
• Goldman Sachs executes first Bitcoin futures trade in Asia (Finbold)

BLOCKCHAINS

• Ethereum developers activate the merge on Sepolia testnet (TB | Decrypt | Coindesk)
• Ethereum Name Service registrations surge by 200% amid lower gas fees (Cointelegraph)
• $ADA: IOG’s Olga Hryniuk Explains ‘Key Features of the Cardano EVM Sidechain’ (Cryptoglobe)

FOR AFRICA, BY AFRICANS: HOW QALA IS BUILDING BITCOIN DEVELOPERS

EXCHANGES/WALLETS

• Binance Launches Zero-Fee Bitcoin Trading for 13 Spot pairs as it Celebrates its 5th Anniversary (EWN | BM | TB | Coindesk)
• El Salvador's Bitcoin wallet Chivo scores $52M in remittances in 2022 (Cointelegraph)

MINING

• Bitcoin miner Riot moves hardware fleet out of New York hosting facility (TB | Cointelegraph | Coindesk)
• Bitcoin Mining Giant Offloads 7K Coins Raising More Than $167M (BIC)
• CleanSpark sold nearly all 339 bitcoin it mined in June (TB)
• Bitcoin mining stocks rebound sharply despite a 70% drop in BTC miners' revenue (Cointelegraph)
• Miner Hut 8 expanded its bitcoin holdings with June production (TB)
• Major Bitcoin Miner Hut 8 Is Confident in HODL Strategy, While BTC Exchange Inflow Volume Reaches Monthly Low (UToday)

LEGISLATION/REGULATION

• Ethics Watchdog Bars US Government Employees From Writing Crypto Policy if Invested (Coindesk)
  

THE BAD

• PennyWise crypto-stealing malware spreads through YouTube (Cointelegraph)

PODCASTS

• Bitcoin Fundamentals: BTC085: Sven Henrich on the Central Banker's Dilemma (Bitcoin Podcast)
• The Pomp Podcast: #1033 - Dylan LeClair On Why Crypto Companies Are Failing Right Now?
• The Scoop: Bitcoin is the 'Holy Grail' of accounting, says Core Scientific founder 
• Bankless: Leaving the Bitcoin Religion with Nic Carter
• Decrypt Daily: July 6: The Dominos Continue to Fall