06 Oct: The Kwon

06 Oct: The Kwon

By theinspired | Inspiration | 6 Oct 2022


"Our deeds determine us, as much as we determine our deeds."
- George Eliot

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

Welcome to Thursday folks! It appears the media can't get enough of the Kwon drama. Is he on the run? Did they freeze his assets? Are they revoking his passport? Did the Korean police arrest others involved with the Terra collapse? Dunno. It's hard to turn away from a train wreck right? On to the next train wreck, it appears more executives at Celsius withdrew funds prior to them filing for bankruptcy.

Beside drama being the most covered news, Bitcoin is finding some stability above $20K once again; can it maintain it for a few more days? We are heading into the weekend and normally we see some wild price action so fingers crossed. I've decided to rearrange the news I curate and am adding more focus on the articles I share to hopefully create better quality and eliminate a lot of the noise so I hope you all enjoy.

Podcast of the Day: Stephen Livera: SLP419 Matthew McClintock- UHNW Bitcoin Strategies

FOLLOW DAT MONEY

Trending

Gaining Traction

CRYPTO MARKET

  • Crypto expert indicates we’re in a ‘tempting bear market rally’ with potential gains up to 20% (Finbold)
  • Coinbase CEO Brian Armstrong Says Institutional Interest in Crypto Growing Despite Bear Market (TDH)
  • Report: On-chain data points to crypto consolidation in Q3 (Cointelegraph)
  • Middle East Crypto Adoption Outstripping Rest of World – Report (BIC)
  • Nasdaq Executive Says There’s Massive Demand and Opportunity in Custody (TDH)
  • Are Californians About to Buy Crypto With These Relief Checks? (BIC)
  • More than 30% of Canadians plan to purchase crypto by 2024, says OSC head (Cointelegraph)
  • Colorado is accepting crypto for tax payments — it could be a mess or a shining example (Cointelegraph)

BITCOIN

Price

  • Bitcoin beats out shorts as BTC price attempts to crack $20.5K (Cointelegraph)
  • Interest Surges in Bitcoin Speculation, But It Might Be Bearish (Coindesk)
  • Bitcoin Now Costs $12,500 at This Trust, And You Can Even Buy It (UToday)
  • BTC to outperform ‘most major assets’ in H2 2022 — Bloomberg analyst (Cointelegraph)
  • Bitcoin Could Bottom in Q4 2022 and Enter New Bull Run in Q1 2023 (BIC)
  • 'Violent' Bitcoin breakout due as BTC open interest nears all-time high (Cointelegraph)
  • Market Wrap: Bitcoin Trades Flat for a Second Consecutive Day, but Outpaces Traditional Markets (Coindesk)

Opinion

  • Rekt Capital: Popular Crypto Analyst Pinpoints Window for Bitcoin (BTC) Bottom, Claims Ethereum (ETH) Is Meeting Resistance (TDH)
  • Autumn bulls vs. winter bears — Will October be bullish or bearish for Bitcoin? Watch Market Talks (Cointelegraph)
  • Fed-Fueled Crypto Bear Market Could Last 12-18 More Months: Solana Co-Founder (Decrypt)

Acceptance

  • Namibia’s central bank says Bitcoin can be accepted as payment (Finbold)
  • Global Bitcoin adoption is ‘still in its infancy,’ but here’s how it might accelerate (Cointelegraph)

Metrics

  • Bitcoin’s market dominance hits a 4-year low under sustained volatility (Finbold)
  • Bitcoin and Gold Correlation Spikes to Yearly Highs (CryptoPotato | Coindesk)

Whales

  • Bitcoin Whales Escalate Feeding Frenzy, Collectively Add Over $930,000,000 in BTC: Santiment (TDH | Cryptoglobe)
  • Since January 2017, Whales Bought BTC at an Average Price of $15,800 (Analysis) (CryptoPotato)

Mining

  • Bitcoin’s hash rate grows 3x since China ban despite crypto winter (Finbold)
  • Solar ‘Bazooka’ Bitcoin mine warms warehouse amid Europe’s energy crisis (Cointelegraph)
  • Marathon Reveals $80M in Total Exposure to Bankrupt Crypto Mining Data Firm (Blockworks | TB | CryptoPotato)
  • Norway’s government proposes eliminating reduced electricity tax for Bitcoin miners (Cointelegraph)
  • Bitcoin Mining Is About to Get Tougher With Difficulty Primed for Another Sharp Rise (Coindesk | TB | Bitcoinist)

DeFi

  • Bitcoin can solve the DeFi onboarding crisis, argues exec (Cointelegraph)

Misc

  • How to earn passive crypto income with Bitcoin (Cointelegraph)
  • From first downs to crypto: A former NFL player gets into digital assets (Cointelegraph)

ETHEREUM

  • Ethereum open interest hits $7.7B, raising the chance of a short squeeze above $1.5K (Cointelegraph)
  • Ethereum PoS Is Not a Security, Here Is Why (BIC)

XRP

  • XRP Goes Through Successful Breakout, Next Target Is Set: Crypto Market Review, October 6 (UToday)

CARDANO

  • Cardano Price May Be at Bottom as This Indicator Signals: Details (UToday)
  • Cardano ($ADA) Going to $15 in Long Term, Says Founder of Crypto Capital Venture (Cryptoglobe)
  • Cardano Discloses Encouraging On-Chain Stats for September, Here's Detailed Insight (UToday | Cryptoglobe)
  • Cardano TVL drops to 8-month low as Vasil fails to attract staking interest (FinboldNewsBTC | BIC)
  • Staked Cardano (ADA) drops to 8-month low despite Vasil upgrade (Finbold)
  • Cardano (ADA) and Algorand (ALGO) Are Two Blockchains To Watch Next Bull Cycle, Says Coin Bureau – Here’s Why (TDH)
  • Can Cardano DApps Reach ETH as Users Skyrocket? (UToday)

SOLANA

  • This Is the Reason Solana (SOL) Price Could Crash to $13 (BIC)

DOGECOIN

  • Dogecoin Loses Momentum From Musk Twitter Acquisition News (Coindesk)
  • Dogecoin (DOGE) To Explode Much Higher Amid ‘Insane’ Accumulation, Says Trader Who Predicted 2018 Bitcoin Bottom (TDH)
  • Nearly 1 Billion DOGE Transferred After Elon Musk Resumed Buying Twitter (UToday)
  • Dogecoin (DOGE) Defies The Bear, Outperforms Bitcoin And Ethereum, Lingering Trend? (NewsBTC)

STABLECOINS/CBDCs

  • Stablecoins shed $38B since May as yields plunge, projects collapse (Cointelegraph)
  • Atlantic Council Director Sees 'Splintering' Financial System if US Falls Behind on CBDCs (Coindesk)

LEGISLATION/REGULATION

  • Republican Lawmakers Who Oppose a Fed-Issued CBDC Ask for Justice Department's Assessment (Cointelegraph)
  • US CFTC as Crypto’s Regulatory Savior? Crypto Firms Might Not Like What They Get (Coindesk)
  • CFTC’s Regulation by Enforcement Needs to Change, Commissioner Says (Coindesk)

LEGAL BATTLES

  • Ripple Slams SEC for Opposing Amicus Briefs from Two Firms (UToday | TDH | TDH)
  • Celsius' Crypto Customers Face Big Obstacle in Trying to Claw Back Their Deposits (Coindesk)

ATTACKS/HACKS/SCAMS

  • FBI Issues New Warning on Rise of Scammers Posing As Successful Crypto Traders To Defraud Victims (TDH)

LISTEN

  • Bitcoin Audible - Read_660 - Bitcoin is Digital Scarcity [Dergigi]
  • Bankless: What Happens Next in Crypto? with Fiskantes & Matti
  • On The Brink: Vivek Raman (BitOoda) on Second Order Effects of the Merge

How do you rate this article?

12


theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.

Page not displaying correctly?