"Never succumb to the temptation of bitterness."
-Martin Luther King, Jr.
Bitcoin: $40,015.34 | Dom: 40.6% | HR: 174.461 EH/s
This Just In: Bitfarms (Bitcoin miner) buys $40 Million Bitcoin, Legendary investor Bill Miller owns half of his net worth in Bitcoin, and Binance CEO Changpeng Zhao recognized as richest person in Crypto by Bloomberg; $96 Billion and was former burger flipper at McDonald's. Most iconic Bitcoin-related tweet turns 13.
'Most bullish macro backdrop in 75 years' — 5 things to watch in Bitcoin this week
Crypto Market Forecast: Week of January 10th 2022
Update
Here’s how much El Salvador’s Bitcoin is currently worth and single inactive volcano has 90% chance of powering El Salvador's Bitcoin City, according to president.
People on the Move
Swiss crypto broker Bitcoin Suisse taps former Barclays and UBS bank executive Dirk Klee as CEO
Bitcoin
Bitcoin drops below $40K over new Goldman Sachs expectations about Fed interest rates; fear set to "accelerate." Crypto has entered a bear market, but a positive sign is Crypto market lights green as Bitcoin attempts to test bullish divergence; so trying to catch Bitcoin knives? Not so fast: Longs liquidation dominance reaches 69%. However, Hong Kong-based venture fund Token Bay Capital sees ‘broader adoption’ of Bitcoin as the asset heralds in a ‘new era.’ Bitcoin Whales enter active accumulation state, on-chain data suggests. Bitcoin lows could be in and which way Bitcoin goes from here is anyone's guess, but could a short squeeze be in the making?!
Altcoins
Top 5 staking tokens to consider in investment portfolio in 2022. TA: Ethereum could avoid a major downtrend if it closes above one key level. More than 14,000 $ETH burned in last 24 hours. Ethereum, Solana, And Polkadot bore the brunt of last week’s broad market bloodbath.Cardano ($ADA) price continues to slide as it approaches 236-day support level. 28 Million $MATIC bought and sold by Whales over weekend as Polygon ($MATIC) Co-Founder Sandeep Nailwal says in reality Polygon has more traction than Solana. SushiSwap ($SUSHI) price dips back to crucial horizontal support. FTX flips Shiba Inu as biggest token position among Whales. Which layer-one protocols will outperform in 2022? 3 Digital Assets (AAVE, AXS, IOTA) are taking an even bigger hit during Bitcoin's price slump. Crypto markets ready to rally?
Get ETH Address Rapper Tells 10 Million Followers
Doggie-Coin Watch
Shiba Inu holders can now earn interest as $SHIB activates on lending protocol Euler. 196.3 Million $SHIB burned in past 7 days, 2.5 Million destroyed within 24 hours. Shiba Inu at the forefront of the next moon leap — 3 groundbreaking feats expected of $SHIB In 2022. Shiba Inu ($SHIB) fully retraces late-October rally. BabyDoge surpasses ETH as most-traded coin among biggest BSC Whales, soars 16.88%. Can Floki Inu ($FLOKI) Flip Shiba Inu ($SHIB)? ‘that’s the goal’ says team lead.
Analyst's Corner
Pseudonymous crypto analyst Pentoshi tells his 462,300 Twitter followers that he expects Bitcoin to print a bearish lower high setup above $50,000 before resuming its downtrend. Veteran Analyst Peter Brandt issues warning to Ethereum traders, says $ETH will lose value against top competitor. Cardano Bounce in Sight? Crypto analyst Michaël van de Poppe reviews $ADA price action. JPMorgan Analyst Kenneth Worthington predicts Coinbase will be ‘leading beneficiary’ of Crypto growth this year. Intelligence firm Santiment looks at sentiment across large-cap coins including Cardano ($ADA).
Predictions
Three predictions for the year ahead in digital finance
Acquisitions/Partnerships
Grand Theft Auto maker Take-Two eyes 'Web3 opportunities' with Zynga $12.7B acquisition.Alchemy Pay adds direct fiat on-ramps via partnership with Singapore Fintech, NIUM. Soldex, Solana-built decentralized exchange partners with Larix Protocol.
Blockchain.com looking to expand in emerging markets through M&A.
Follow Dat Money
NFT aggregator Flip raised $6.5MM in seed funding
ETFs
World's biggest inter-dealer broker TP ICAP launches crypto ETPs.
Acceptance/Adoption
Harbor Custom Development is the latest real-estate player to accept cryptocurrencies and the company develops properties in California, Texas, Florida, and Washington; the company is proud of its “first-mover” advantage. Central bank of Bahrain trials JPMorgan blockchain and token. UAE regulators pave way for crypto and blockchain adoption, says legal expert. Robots are coming: Blockchain Tech could stop a SkyNet situation. Books on the Blockchain: Small publishers could make greater profits.
Blockchains
Smart Contracts may soon arrive on Bitcoin Blockchain through this integration. Uniswap, OpenSea, 1inch: Nansen Indicates Top Gas Consumers of 2021. Cardano’s climate-positive initiative reaches goal of 1 million planted trees and sees an increase in GitHub commits as network vows updates in early 2022. Polygon ($MATIC) Zero-Knowledge EVM Hermez heading toward mainnet: Date Announced. Solana may become the iOS of the encrypted world.
Mining
Spanish lawmaker sees opportunity amid Kazakhstan’s Bitcoin mining collapse
Exchanges
German neobank N26 to launch crypto trading later this year. XRP-Centric exchange Bitrue launches updated yield farming module. Crypto exchange Binance lists two Altcoins built on Ethereum ($ACH/$IMX), triggering rallies.
Regulation
SEC boss won't say if Ethereum is a security and bear market could ease regulatory pressure, says legal expert Jake Chervinsky.
Web3
Disney patents technology for a theme park Metaverse. Apple not focused on Metaverse for VR/AR right now according to reports. Crypto reporting needs clarity – the Metaverse will help. NFT Ecosystems: Top 5 of 2021 according to BeInCrypto staff. NFT marketplace LooksRare goes live with vampire attack on OpenSea. NFT marketplace OpenSea kicks off the new year with strong volumes. Binance NFT platform introduces "subscription mechanism." Outlook 2022: A new DeFi summer and the emergence of ‘RDeFi.’
CBDCs/Stablecoins
CBDC wallet tops mobile app store charts in China
With the good comes the bad, Arbitrum network suffers minor outage due to hardware failure. Kosovo police seize 300 crypto mining machines amid electricity shortages. Dogecoin Co-Creator fires back at Mozilla’s environmental concerns. Kim Kardashian, Floyd Mayweather, Paul Pierce sued over Ethereum Max promotion.
Top Podcast:
- On The Brink: Rep. Tom Emmer (R-MN) on MMT, CBDCs, and crypto policy for 2022
- The Pomp Podcast: #777 The Bitcoin Ecosystem Report w/ Yassine Elmandjra
- Once BITten: @alexcrognale - US Pro Soccer Player Being Paid In #Bitcoin - #225
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