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Follow Dat Money | Crypto Projections
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Happy Tuesday Folks! Yesterday Alameda/FTX is now suing Grayscale; the drama continues. Today it's all about the miners and as Max Keiser says "price follows hashrate." Let's dive into the news for today...
Trending News Topics:
- Canaan's Q4 revenue sunk 82% (4)
- Thailand offers tax breaks (3)
- Argo increases Bitcoin production (2)
CRYPTO
Global crypto market cap battles to hold above $1 trillion as FUD sets in. Crypto prices whipsaw on Fed Chair Powell's Congressional testimony. Crypto derivatives on the CME reach new milestones amid regulatory uncertainty. Paxos survey shows 75% of respondents 'confident' in the future of crypto. Federal Reserve’s Powell: We Don’t Want to Strangle Crypto Innovation, but Sector Is a Mess.
BITCOIN & ETHEREUM
Bitcoin Markets in ‘Transitional Phase’ Following Psychological Price Rejection. Fed Triggers Bitcoin and Crypto Flash Crash As Jerome Powell Declares Rates Could Rise Higher Than Expected.(2) Bitcoin’s Latest Rejection Coincided With These Whales’ Cost Basis: Glassnode. However, Bitcoin’s historical pattern indicates now is the time to buy BTC.
$BTC may need to dip to $19.3K to cool Bitcoin profit-taking — new data. Argo increases Bitcoin production despite BTC difficulty growth.(2) Crypto Mining Rig Maker Canaan's Q4 Revenue Sunk 82% to $56.8M.(4) Bitcoin Ordinals TwelveFold Launch Was a ‘Financial Success’ for Yuga Labs NFTs.(2)
STABLECOINS
Tether Responds to Allegations of Fake Documents, Says Reports Wholly Inaccurate and Misleading.
ALTCOINS
Tens of Millions of Dogecoin Moved From Binance as DOGE Strives to Overcome $0.0760.(2) Solana (SOL) Price Faces Further Dips Before Correction Is Over.
EXCHANGES/BANKS
Silvergate Solvency In Question As Crypto Banking Troubles Brew.(2)
LEGISLATION/REGULATION/TAXATION
US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements. Latest SEC Crypto Regulation Crackdown Targets Miami Investment Manager BKCoin. ‘Home’ regulator could solve crypto’s ‘fragmented supervision’ issue: Comptroller.(2) Thailand waives crypto tax for investment tokens.(3) South Korea saw over $4B in unregistered crypto transactions in 2022. China announces plans for new national financial regulator.
LEGAL CASES
Ripple v. SEC: Regulator Goes After John Deaton to Revoke His Amicus Status and Judge Issues Ruling On Daubert Motions.(2) FTX Bankruptcy Special Counsel, Advisers Bill $38M for January. Grayscale products buoyed following oral arguments in case against the SEC.(2) Coinbase Sued by Customer Who Says Exchange Refused to Reimburse Him for $96K Lost in Hack.
ATTACKS/HACKS/SCAMS
Hong Kong’s losses to crypto scams doubled to $217M last year. Wallet tied to Uranium Finance hacker reawakens after 647 days, shifting $3.3M.(2)
WATCH
LISTEN
Podcast of the Day: Regulating Crypto in the UK and EU | Bloomberg Crypto
Other Podcast
- How the Fed “Went Broke” with Lyn Alden | What Bitcoin Did
- #400: We're Gonna Win Against Broken Money and Broken Culture with @sovereignbrah | TFTC
- Cosmic Bitcoin - Voluntarianism and a Bitcoin Future w/ Nolan Bauerle | Bitcoin Magazine
- Read_707 - Implications of Open Monetary and Information Networks, Part 1 [Lyn Alden] | Bitcoin Audible
- ETH Denver Debate: Should Testnet ETH Be Free or Have a Price? | Unchained
- Are the WSJ Articles on Binance and Tether ‘Trial by Press’? | The Breakdown
