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Happy Monday Folks! It appears Bitcoin might be rising again but there continues to be overhead resistance around $34K and $37K, so I remain cautiously optimistic that we could be at the beginning of the end of this Crypto Winter. While Octagon isn't Tesla, the fact that they've converted their entire balance sheet to Bitcoin signals yet again, Bitcoin is the #1 Asset. 

11 years ago few understood this nascent technology and today things from mainstream media looks quite different right? A rising tide lifts all boats and this is true of the Top 10 Crypto Assets: $ETH, $BNB, $XRP, $ADA, $SOL are all on the rise as well with $ADA outperforming them all. Lots of bullish sentiment from Analyst and Sen Lummis bill could drastically change the entire environment for Crypto if passed.  

BREAKING

• Octagon Networks is the first cybersecurity firm to convert its entire balance sheet to Bitcoin (Finbold | BM | Cryptoglobe | Cointelegraph)
  
• Here’s what mainstream media wrote about Bitcoin 11 years ago (Finbold)

CRYPTO MARKET

• Crypto 401(k): Sound financial planning or gambling with the future? (Cointelegraph)
• Crypto and Tech Stocks Vulnerable to Quantitative Tightening Says Survey (BIC)
• Bitcoin Paychecks Come Under Scrutiny as Prices Decline; New York & Miami Mayors Still Bullish (BIC)
• Crypto Winter Layoffs Hit Hard—But Won’t Kill the Industry (Decrypt | Bitcoinist)
• Is BTC Responsible For These ELSL Stats? Tourism, Investment, Construction Up (Bitcoinist)
• Three Satoshi Nakamoto’s gem posts on Bitcointalk from ‘back in the days’ (Finbold)

WHY MORE PEOPLE NEED TO START SPENDING BITCOIN

BITCOIN

• Traders think Bitcoin bottomed, but on-chain metrics point to one more capitulation event (Cointelegraph)
• Bitcoin Bullish Signal: 1k-10k BTC Holders Have Been Buying Recently (NewsBTC)
• Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed? (Cointelegraph)
• Bitcoin Fees Indicator Shoots Late Bear Market Signal (Bitcoinist)
• BTC price snaps its longest losing streak in history — 5 things to know in Bitcoin this week (Cointelegraph)
• Bitcoin Surpasses $31,400, Rising Thanks to Momentum (UToday | Decrypt | Finbold | BIC)
• TA: Bitcoin Forms Bullish Pattern, Why BTC Could Accelerate Higher (NewsBTC)
• Change of Direction? Bitcoin Finally Ended its Longest Ever Sequence of 9 Red Weeks (CryptoPotato)
• Short-Term Bitcoin Holders Have Capitulated (UToday | BIC)
• Bitcoin long-term hodlers begin 'distribution' which preceded BTC price bottoms (Cointelegraph)
• Long-Term Correlation Between Bitcoin and Wall Street Waned as BTC Has Better Returns (Report) (CryptoPotato)

HAS JPMORGAN BECOME BITCOIN’S BEST FRIEND?

ALTCOINS

• One of Most Bullish Days for Ethereum: $750 Million Shorts Liquidated from Market (UToday)
• Lido developer: DAO should sell $17 million of ETH to 'prepare for bear market' (TB)
• Ripple Co-Creator Jed McCaleb Dumps 70 Million XRP, 183 Million Still on Balance (UToday)
• Former Developer Advocate at Ripple: It Is Possible for $XRP to One Day Hit $100 (Cryptoglobe)
• Cardano Extends Explosive Rally As Markets Rebound — 5 Driving Factors Behind ADA’s Surge (ZyCrypto)
• Is Cardano ready for a go at $1? June's hard fork FOMO lifts ADA price to weekly highs (Cointelegraph)
• Cardano $ADA Up 13.5% in Past 24 Hours (Cryptoglobe | Finbold | UToday | EWN)
• Cardano Faces Institutional Inflows as Investors Pull Funds from Ethereum and Bitcoin to ADA (UToday)
• Cardano: Community Predicts "Sunshine and Rainbows" After Dull First Half of Year (UToday)
• Crypto Fund Managers Are Increasing Bets on $ADA, $DOT, and $XRP: Survey (Cryptoglobe)
• $SOL Surges 12.5% To Go Above $44, Crypto Analyst Expects It To Rally to $58–$60 (Cryptoglobe)

STABLECOINS

• Cardano Users to Explore Djed Stablecoin Trial on EVM Sidechain: Details (UToday)
• Justin Sun’s Terra-like Stablecoin Now Boasts Backing in Bitcoin, Tether, Tron (Decrypt)

ANALYST'S CORNER

• Jurrien Timmer: Fidelity Macro Analyst Makes Long Term Bitcoin Forecast Using New Trading Models (TDH)
• Jan Wustenfeld: On-Chain Analysis in Practice: A Look at Bitcoin Fundamentals Over the Last Months (QE)
• Inmortal: Crypto Strategist Predicts Price Paths for Bitcoin (BTC) and Ethereum Rival Solana for Rest of 2022 (TDH)
• Justin Bennett: Here’s How Bitcoin Could Perform in Coming Weeks As BTC Impersonates June 2021 Price Action: Top Analyst (TDH)
• IntoTheBlock: On-Chain Metrics Suggest This Crypto Bear Market Won’t Be As Brutal as Past Cycles: Analytics Firm  (TDH)
• Peter Brandt: Veteran Trader Who Correctly Predicted The 2017 Bitcoin Price Crash Warns Of Dip To $12,000 (ZyCrypto | UToday)
• Mike McGlone: Bitcoin will be one of ‘best assets on Earth’ after inflation subsides, says commodity strategist (Finbold | TDH)
• ARK Invest: Despite The 9 Red Candles, “Bitcoin’s Fundamentals Remain Strong” (NewsBTC)
  
• Lyn Alden: Bitcoin May Witness Massive Rally This Year, According to Macro Expert  (TDH | TDH)
• Guy: Host of Coin Bureau Says He’s Confident in Ethereum Rival Solana (SOL) Despite Recent Outages (TDH)
• Michael van de Poppe: Here’s What’s Next for Cardano, Terra, STEPN and Two Additional Altcoins, According to Top Crypto Analyst (TDH)
• Bitcoin Will Hit $100K When Bear Market Ends, These Analysts Predict (Bitcoinist)
• Can Bitcoin Become “One Of The Best Assets On Earth”? This Expert Bets On It (NewsBTC)
• Altcoin Sherpa: Top Crypto Strategist Warns Ethereum Investors, Says ETH at Risk of Nosedive (TDH)

NOTABLE VOICES

• Michael Saylor: MicroStrategy CEO Saylor says bitcoin’s near-term volatility largely irrelevant (TB)
• Brian Moynihan: Bank of America CEO: Not in a Hurry To Dive Into Crypto (Cryptoglobe)
  
• Deepak Chopra: Advises Long-Term Crypto Outlook During Bear Market (BIC)

ACCEPTANCE/ADOPTIONS

• Who accepts Bitcoin as payment? (Cointelegraph)
• Gold Coast Mayor Proposes Allowing Bitcoin for Property Tax Payments (BIC | Cointelegraph)
• Ethiopia’s central bank says it’s illegal for businesses to accept Bitcoin (Finbold)
• Corporate evolution: How adoption is changing crypto company structures (Cointelegraph)

WEB 3

• $ADA: American Rapper ‘Soulja Boy’ Interested in Cardano NFTs (Cryptoglobe)
  

ETFs/ETPs

• Bitcoin ETPs Saw Massive Inflows in May Despite the Crypto Market Selloff Catalyzed by UST’s Depeg Event (EWN)

BLOCKCHAINS

• RippleNet Is "Actively" Utilized by Curacao's Top Bank, Vidanova (UToday)
• Solana to Prevent Future Network Shutdown If Runtime Bug Arises Again: Details (UToday | Cointelegraph)
• All you need to know about the upcoming DOGE update 1.46.6 (Finbold | UToday)

EXCHANGES/BANKS/WALLETS

• Towerbank Becomes First Bank in Latin America to Declare Itself ‘Crypto Friendly’ (Cryptoglobe)
• Bitcoin ATM installations record low in May, biggest drop since 2019 (Cointelegraph | Bitcoinist)

MINING

• Hut 8 Mining Opens Third Facility, Hits 7,000 Bitcoins in Reserves (Blockworks | TB)
• New York State Assemblymember Denies Moratorium Bill Is a ‘Ban’ (BIC)
• New York Crypto Mining Ban Will Have Zero Impact on Emissions (BIC | Finbold)
• White House office report on crypto mining expected in August: Bloomberg (TB)

BITCOIN IS THE ULTIMATE REPRESENTATION OF ENERGY

LEGISLATION/REGULATION

• SEC is investigating Binance's BNB token: Bloomberg (TB | Cointelegraph | Blockworks | BIC | CryptoPotato | TDH)
• U.S. Senator Lummis bill integrating crypto into financial system to be unveiled this week (Finbold | TDH | BM)
• Forces Opposed To Crypto In D.C. About To Make A Big Move? (Forbes)
• Fed Governor on crypto: Losses can become morally intolerable, pushes for regulation (Finbold)

THE BAD

• Crypto IRA provider says it is suing Gemini for alleged role in $36 million breach (TB)
• Crypto Scammers Have Drained Over $1 Billion From Consumers Last Year – FTC (Bitcoinist | TDH | BIC | TB | Blockworks | Cointelegraph)
• Silicon Valley Looses Millions In Crypto Scams Through Dating Websites (Bitcoinist)

PODCAST

• The Pomp Podcast: #990 The State of the 2022 Economy
• The Breakdown: How Crypto Wealth Will Change the Impact Sector
• The Wolf of All Streets: The Real Threat To Bitcoin | Michael Moro, Genesis Global Trading