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It's Fridayyyy Folks! Looks like Bitcoin is getting excited about the weekend eh? Bitcoin pushed past $20,000 so has a bullish reversal begun? $25K is the next level of strong resistance on the weekly chart but on the 4 hour chart it's way outside the bollinger band so I anticipate a pull back toward $20K before resuming this nice little run. Will Ethereum keep rallying versus Bitcoin? $ETH price technicals hint at 60% gains ahead; it's currently trading around $1,700. Everyone's talking about the Ethereum Merge as BitMEX CEO warns that it can trigger high volatility.
Charles Hoskinson says he cannot force Vasil hard fork but believes Bitcoin should adopt Cardano's Ofelimous protocol to survive. He says this in response to the White House discussing Proof-of-Work; I high doubt it will ban it - just working to understand it.
Peter Schiff continues to ramble on about selling your Bitcoin, possibly so he can buy it. Poppe, Morehead, and Kaleo are all bullish on $BTC and $ETH. Binance adds former Mexico securities chief to new global advisory council and FTX acquires 30% stake in Skybridge.
UK economic secretary commits to make country a crypto hub under new PM and Indian FM Sitharaman to discuss Crypto regulation with IMF Chief. Legal battles rages on as new major date is scheduled in the Ripple v. SEC as parties will go public, GoDaddy is sued by Ethereum Name Service over eth.link domain, Coinbase backs lawsuit aimed at Treasury’s Tornado Cash sanctions, and creditor representatives support plan to appoint examiner in Celsius bankruptcy.
POD: The Wolf Of All Streets - Trading The Ethereum Merge | Macro Vs. Fundamentals With Joshua Frank (The Tie) And Jeff Dorman (Arca)
TRENDING
- Bitcoin (BTC) Pushes Past $20,000 – Has a Bullish Reversal Begun? (BIC | Cryptoglobe | CryptoPotato | Decrypt | Cointelegraph | NewsBTC | Bitcoinist | TB | Coindesk | Coindesk)
- White House science office looks at crypto’s effect on climate, despite scarce data (Cointelegraph | Blockworks | TDH | BIC | Coindesk | Bitcoinist)
- FTX Ventures to Acquire 30% Stake in Anthony Scaramucci’s SkyBridge (Report) (CryptoPotato | TB | Coindesk | Blockworks | Cointelegraph)
- Bogus Trading Bot Operator Guilty of $100M Fraud (Blockworks | TB | Coindesk)
BITCOIN & ETHEREUM
Positive
- Bitcoin’s short-term technicals indicate a ‘Buy’ as crypto market adds $70 billion in a day (Finbold)
- Bitcoin Surging 9% Causes Sharp Increase in Open Interest on Major Crypto Exchanges (UToday)
- Nearly Half Of Bitcoin Holders Still Enjoy Gains Despite Bearish Misery (Bitcoinist)
- Bitcoin Gives Hope Ahead of Powell's Speech; What It Needs to Keep Uptrend (UToday)
- 3 Bitcoin price metrics suggest Sept. 9’s 10% pump marked the final cycle bottom (Cointelegraph)
- 3 reasons why Bitcoin traders should be bullish on BTC (Cointelegraph)
- Will Ethereum keep rallying versus Bitcoin? ETH price technicals hint at 60% gains ahead (Cointelegraph)
- Why The Ethereum Price Could Rally Above $1,800 Before A Big Crash (NewsBTC)
Neutral
- Bitcoin on the streets: the trick to onboarding UK merchants into BTC (Cointelegraph)
Negative
- Interest in keyword ‘buy bitcoin’ on Google Search drops to a 2-year low (Finbold)
ALTCOINS & STABLECOINS
- Bitcoin, Ethereum, XRP Post Big Gains –Top 3 Price Predictions (BIC)
- Ripple Advisor Hints More CBDC Announcements To Come in Following Weeks (TDH)
- Crypto Exchange Binance to Benefit From Increased Supply of Its Own Stablecoin, BofA Says (Coindesk)
- Cardano ($ADA) Price Could 2X in Short to Medium Term, Says Coin Bureau Host (Cryptoglobe)
- Solana Gains 11% In 2 Days As SOL Cruises Near Resistance Zone (NewsBTC)
- US Treasury to Recommend Issuing Digital Dollar if in National Interest: Source (Coindesk)
THE MERGE
- Everyone’s talking about the Ethereum Merge: New report reveals the most interested countries (Cointelegraph | CryptoPotato)
- What the Ethereum Merge means for the blockchain’s layer-2 solutions (Cointelegraph)
- The Merge: A look at the miner-led Ethereum fork that might happen (TB)
- Alexander Höptner: Ethereum Merge can trigger high volatility, BitMEX CEO warns (Cointelegraph)
- How Ethereum’s monetary policy will change after The Merge (TB)
- Ethereum Kiln Testnet to Be Shut Down Soon, Here's What to Know (UToday)
- Ethereum's potential fork ETHPOW has crashed 80% since debut — More pain ahead? (Cointelegraph)
CARDANO'S VASIL HARD FORK
- NFT projects on Cardano on the brink of reaching 7,000 as Vasil hard fork approaches (Finbold)
- Charles Hoskinson: Cardano Founder Says He Cannot Force Vasil Hard Fork and Bitcoin Should Adopt Cardano's Ofelimous Protocol to Survive (UToday | UToday | CryptoPotato)
- Here's What Cardano (ADA) Holders on Exchanges Can Do to Prepare Ahead of Vasil Hard Fork (UToday)
- Cardano Vasil Upgrade: 15 Exchanges Confirm Readiness for Hard Fork as Whales Load Up On ADA (ZyCrypto)
ANALYST'S CORNER
- Peter Schiff: Bitcoin Detractor Peter Schiff Says It’s Time To Sell BTC, Here’s Why (NewsBTC | Cryptoglobe)
- Michaël van de Poppe: Analyst Says Significant Opportunity Has Arrived for Bitcoin, Ethereum and Crypto Markets (TDH | TDH)
- Dan Morehead: CEO of $4,500,000,000 Crypto Fund Says Bitcoin Has Bottomed Out and Is Ready To Rally (TDH)
- Kaleo: Ether On Cusp Of Outperforming Crypto Majors As Analyst Sets Conditions For $4,800 High (ZyCrypto)
- Ben Cowen: Bitcoin likely to face a ‘final capitulation’ event by the end of 2022, warns CryptoVerse founder (Finbold)
- Alex Kruger: Crypto Trader Predicts Ethereum Will Shoot Up As Major Upgrade Approaches – But There’s a Catch (TDH)
- Revolt: Bitcoin price cracks $21K as trader says BTC buy now 'very compelling' (Cointelegraph)
- Guy: Cardano (ADA) Could Explode by Up to 110%, According to Coin Bureau Host (TDH)
PEOPLE ON THE MOVE
- Binance adds former Mexico securities chief to new global advisory council (TB | Coindesk)
- 3 Senior Executives Jump From Crypto Lender BlockFi: Sources (Coindesk)
- Crypto Tracer Elliptic Hires Software Veteran Jackson Hull as CTO (Coindesk)
- JPMorgan hires former Microsoft exec for payments and blockchain role: CoinDesk (TB | BIC)
- Latest in Crypto Hiring: Morgan Stanley Exec Jumps Ship to Crypto (Blockworks)
ACQUISITION/PARTNERSHIPS
- Investment Management Giant Franklin Templeton to Offer Digital Asset Strategies to Wealth Managers (Coindesk)
- Bitcoin Opponent Schiff Sells His Bank's Assets After Agreeing to Take BTC as Payment (UToday)
- Cardano (ADA) Developer IOG Partners With Stanford University To Launch Blockchain Research Hub (TDH)
EXCHANGES
- Why This Crypto Influencer Believes There Was “Systematic Malice” Within Coinbase (Bitcoinist)
MINING
- Bitcoin miner CleanSpark announces second acquisition in a month (TB | Coindesk | Cointelegraph)
- Argo Blockchain's Crypto Mining Margin Narrows to 20% as Natural Gas Prices Soar (Coindesk)
- Bitcoin mining stock report: Friday, September 9 (TB)
LEGISLATION/REGULATION
- Crypto Doesn't Need More Guidance, SEC Chair Gensler Says (Coindesk | TB | Cointelegraph)
- UK economic secretary commits to make country a crypto hub under new PM (Cointelegraph | Coindesk)
- Indian FM Sitharaman To Discuss Crypto Regulation With IMF Chief (Bitcoinist)
- New French Bill Could Give Authorities Powers to Seize Crypto Assets (Coindesk)
- US lawmakers call on Mark Zuckerberg to address 'breeding ground' for crypto scams: Report (Cointelegraph)
LEGAL BATTLES
- Ripple v. SEC: New Major Date Is Scheduled as Parties Will Go Public (UToday)
- Ripple General Counsel Responds to SEC Chairman Gensler’s ‘Kennedy and Crypto’ Speech (TDH)
- GoDaddy Sued by Ethereum Name Service Over eth.link Domain (BIC | Coindesk)
- Coinbase backs lawsuit aimed at Treasury’s Tornado Cash sanctions (TB | Bitcoinist | Coindesk | TDH)
- Creditor representatives support plan to appoint examiner in Celsius bankruptcy (TB | Coindesk)
- Canadian Crypto Exchange Coinberry Files Lawsuit Against 50 Users After Losing 120 BTC (Coindesk)
- OFAC Lawsuit Details Crypto Industry’s Sanction Concerns (Blockworks)
- Celsius Accused of Misleading Investors by U.S. Regulators (UToday)
ATTACKS/HACKS/SCAMS
- Tornado Cash used to launder $500,000 stolen from DAO Maker last year: security firms (TB | Coindesk | BIC)
LISTEN
- The Scoop: Ethereum Merge Edition Part 1: How The Merge alleviates ESG concerns
- Unchained: Preston Van Loon on Ethereum's Merge and His Lawsuit Against Treasury
- What Bitcoin Did: Fedimint & the Future of Bitcoin Custody with Obi Nwosu
- Bitcoin Audible: Read_652 - Setting the Record Straight [Nic Carter]
- Bankless: ROLLUP: Ethereum Merge Bellatrix Upgrade | Binance USDC Stablecoin Wars | Coinbase Treasury Tornado Lawsuit
- On The Brink: Weekly Roundup 09/09/22 (Stablecoin wars, White House energy report, Gensler attacks)
- Decrypt Daily: Sept 8: The Alleged Celsius Ponzi (Mashinsky) Scheme