"The number one skill in life is not giving up."
-Bryant McGill
Bitcoin: $41,833.00 | Dominance: 39.9% | Hashrate: 173.748 EH/s
This Just In: Major Bitcoin warning issued by Billionaire Paul Tudor Jones
BIG NEWS: Markets uncertain after early morning dip; ETH lags BTC but, over 5,300 BTC bought by three of the largest Bitcoin Whales on January 7. But be careful buying Bitcoin Dip? Peter Brandt has cautionary lesson. CoinDesk formally joins Tether Freedom of Information case in New York, Tether responds.
FOLLOW-UP: New York City Mayor Eric Adams confirms he’ll take first 3 paychecks in Bitcoin ($BTC)
Bear Market “partially confirmed” as Crypto market loses $300 Billion in first week Of 2022. Bitcoin clings to $42K as key moving average break from July reappears, but Bitcoin may pass $30K September lows, trader warns. How could reducing the pace of the Fed’s asset purchases affect Bitcoin? Bitcoin leverage ratio reaches new highs. Bitcoin could frustrate Bulls and Bears in 2022 and why Bitcoin is having such a brutal week.
Altcoins
Ethereum is Now Most Oversold in Almost 2 Years, According to RSI. Cardano ticks positive in net network growth as active users spike 50% in 2022. Chainlink ($LINK) giving mixed signals despite price rebound. $XRP price wavers as update in SEC lawsuit puts Ripple at crossroads and 440 million $XRP wired by major players with 225 million shifted in single lump. Three Ethereum rivals ($SOL, $DOT, $LUNA) are growing at an unprecedented rate, rising faster than ETH itself. MATIC whale holding 20 Million tokens buys extra $10 Million worth. Cosmos rises 12.5%, defying Crypto market dip; 1% away from a new all-time high - also the ecosystem tokens are rallying. SushiSwap ($SUSHI) Fails to Bounce From 2021 Lows- Biggest Weekly Losers.
Here are the most predictable tokens of 2021 – for those who knew where to look
Doggie-Coin Watch
Number of $BABYDOGE token holders surpasses that of Shiba Inu ($SHIB) but Shiba Inu ($SHIB) Whale address activity increases as large caps going through sell-off. 27.6 Million SHIB burned in 24 hours, while $SHIB community keeps growing.
Analyst's Corner
This year could be a little rocky for Bitcoin, according to Morgan Creek’s Mark Yusko. Market strategist Gareth Soloway: Bitcoin is under a ‘nasty’ pattern that will lead to a ‘dot-com moment.’ Economist H. Dent projects ‘the greatest financial downturn ever’ for 2022. Analyst Smart Contracter: Bitcoin Can Bottom at $37.5K En Route to $100K; here's how much resistance Bitcoin needs to break to reach $47,000 again. However, Bitcoin and Ether is heading toward $100K and $5K in 2022: according to Mike McGlone of Bloomberg Intelligence. $ETH could drop as Ethereum’s rivals take bites out of its DeFi dominance, JPMorgan warns; they also believe 2022 could be the "Year of the Blockchain Bridge." Here’s how high Cardano ($ADA) could rise in coming months, according to Coin Bureau. Chainlink ($LINK) approaching decision time, according to Crypto Analyst Benjamin Cowen. Shark Tank Star Kevin O’Leary says this nascent sector of the Crypto market could outshine Bitcoin. Altcoins predicted to tank 90% by Arthur Hayes. $100B of DeFi locked value comes from less than 1,000 developers: Electric Capital Report.
Acquisitions/Partnerships
Bitcoin-based tracking platform Eggschain partners with Boston IVF. Bitso lands sponsorship deal with lauded São Paulo soccer club.
Adoption
UK air traffic tech firm uses Hedera Hashgraph to track drones and the biggest consumer brands that engaged with crypto in 2021.
Follow Dat Money
Tribal Credit raised $40MM in 'hybrid' debt round funded by dollars and stablecoins. $139MM Terra proposal to ‘bring awesome UST use-cases’ to DeFi projects. Serum community foundation raises $100MM in token sale from Tiger Global and others. Large venture capital firm KRH ready to invest $900MM in Cryptocurrency industry. Pantera’s Bitcoin Feeder Fund reaches $63.7 million in funding.
Blockchains
Vitalik proposes new ‘multidimensional’ Ethereum fee structure and Cardano average blockchain load hits highest level since November 2021; ecosystem explodes.
Exchanges
Crypto exchange giant Crypto.com lists privacy-focused Altcoin Oasis Network ($ROSE) amid market jitters
Mining
Exploring the thesis that Bitcoin miners can replace global consensus. Bitcoin mining stocks halve as ‘turbo-charged’ thesis plays out. Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan. Spanish lawmaker proposes turning Spain into Bitcoin Mining hub.
Regulation
Crypto companies brace for year of regulation in 2022. Number of nations that have outlawed Bitcoin has doubled in 3 years. UK lawmakers form crypto advocacy group for parliament. Crypto VC heavyweight a16z unveils principles for crypto regulation.
Web3
GameStop turn to NFTs, plans to launch marketplace later in the year; their stock rise and they hired 20 folks. This NFT farming game is clogging up Ethereum scaling solution Polygon. Sega will likely not introduce NFTs for play-to-earn if 'perceived as simple money-making.' MoonPay — the unicorn snapping up NFTs for celebs — just bought a $3 million punk. AOZ introduces soul NFT mechanism, allows participants to bring NFTs to life. Mintverse releases advanced solution for NFT tracking. Genie is driving Ethereum NFT bulk buying and 'Floor Sweeps.' Rarible launches tool to block 'risky' Ethereum NFT sale orders on OpenSea.
Exclusive: DJ Justin ‘3LAU’ Blau on NFTs and Music Royalties as an Asset Class
Virtual Land: The cost in Decentraland just blew past $3.5MM.
Ertha Metaverse Joins Cryowar P2E Arena Brawler and A digital identity fit for the Metaverse. SPACE onboards new talent to help grow VR commerce in The Metaverse.
Does your favorite DeFi token vote-lock? Multi-chain ecosystem growth DeFi, allowing users to earn while they borrow, will launch on Fantom. DeFi Protocol ($AAVE) with over $13,000,000,000 in Total Value Locked launches liquidity pool for financial institutions. Terra to deploy $139 Million in DeFi projects to enhance UST use cases.
Stablecoins
Algorithmic vs Collateralized: Stablecoins not so stable
With the good comes the bad, Crypto withdrawals frozen at exchange Coinsuper backed by Pantera Capital, police tipped off. SEC files complaint against operator of ‘unregistered’ $33M Crowd Machine ICO. Dogecoin Co-Founder Billy Markus slams Mozilla for backpedaling on Crypto donations. Spanish LGBT token responds to critics, says it expects listings soon. CoinMarketCap appears to reverse policy on Hex after class action threat [UPDATED]. Solana explains reasons behind the recent network slowdown. Scammers loot over $100 million from Pakistani investors via fake Binance-themed apps. ImmuneFi report $10B in DeFi hacks and losses across 2021. High risk of illicit transactions via Estonia, reports Crypto regulator.
Bitcoin Audible: Guy's Take #50 - Lightning and the Web
Unchained: 65% of Active Developers Joined Web3 in 2021
Crypto Conversation: Tom Bilyeu is going HARD on NFTs & the Metaverse
Top 3 Podcast:
The Breakdown: Why Bitcoin and Crypto Are Crashing
Fed Watch: Big Trends of 2021 and 2022 - FED 76
Crypto 101: Ep. 408 - The Next Internet with Matt Cutler of Blocknative
