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Happy Monday Folks! Big story of the day is a continuation from the news that broke yesterday about Huobi being acquired. It appeared that Justin Sun and SBF might be the acquirers but in an exclusive with The Block, Justin Sun says "not it." On Altcoin Daily that dropped this weekend, Mark Yusko reiterated his belief that we are in Crypto Spring; as long as #Bitcoin remains above $17.5K he would be right. 

That said, Bitcoin continues to trade sideways between $18K and $22K any breakout of this channel might be violent. Whales continue to buy, explosive historical indicator is flashing, and Bitcoin rainbow change hints $BTC could reach 6-figures within 2 years; can you HODL for that long? van de Poppe sees "very big move on the horizon" and on-chain analysis points to investor confidence, however a brutal sell-off can still happen.  

The conversation about $ETH being a security is debunked by Jake Chervinsky and NLW talks about the same on The Breakdown podcast. Ensure you check out the Podcast of the Day: Bitcoin Explained: Bitcoin, Explained 65: Bitcoin Core 24.0

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Just In

• Exclusive Ross Ulbricht: The Real Story Behind the Silk Road Founder (BIC)

Trending

• Justin Sun denies being 'real buyer' of Huobi stake sale: Exclusive (TB | CryptoPotato | Blockworks | UToday | BIC | BIC | Cointelegraph | TB | Coindesk | Bitcoinist)
• Bitcoin mining difficulty jumps to all-time high levels (TB | Bitcoinist | BIC | Finbold | Cointelegraph | Coindesk | NewsBTC | UToday)
• Why Paul Tudor Jones Always Has Money In Bitcoin (Bitcoinist | Cointelegraph | TDH | Coindesk)

Gaining Traction

• Over 12,000 Brazil companies declare crypto holdings in record high (Cointelegraph | BIC | Coindesk)
• New hashprice-based derivatives instrument gives Bitcoin miners another way to hedge (Cointelegraph | BIC | Coindesk)

CRYPTO MARKET

• Former ARK Invest Crypto Lead Explains What's Wrong with Crypto Market Today (UToday)
• How Ending 2% Inflation Targets Could Positively Impact Crypto (BIC)
• Circle CEO Jeremy Allaire Says JPMorgan and Traditional Finance Threatened by Idea of Full Reserve Banking (TDH)
• Crypto's downturn is about more than the macro environment (Cointelegraph)

BITCOIN 

• 5 things to know in Bitcoin this week (Cointelegraph)
• How Are Big Investors Allocating BTC During the Crypto Market Slump? (BIC)
• Bitcoin Facing Dearth Of Institutional Interest Despite Discounted Price (ZyCrypto)

Whales

• Bitcoin Whale Ratio Surges Up As Leverage Remains High (NewsBTC)
• Bitcoin eyes 'textbook' bottom as $16K whale cost basis comes into play (Cointelegraph)

Indicators

• ‘Bitcoin Rainbow’ chart hints BTC could reach 6-figure price within 2 years (Finbold)
• BTC on-Chain Analysis: Record High Investor Confidence Could Still Lead to Brutal Sell-Off (BIC)
• Bitcoin Volatility Index Suggests Large Price Move Arriving Soon (NewsBTC)
• Bitcoin price poised for 'very big move' as CPI due to spark volatility (Cointelegraph)
• These Indicators Signal About Bitcoin Closing October in Green Zone: Details (UToday)

Traders/Investors

• Bitcoin traders expect sharp volatility, here’s how to profit from it (Cointelegraph)
• Bearish Sentiment Among Institutional Investors Dissipating As Big Players Stop Shorting Bitcoin: CoinShares (TDH)
• Alex Krüger: Bitcoin Indicator That Historically Predicts Explosive Moves Just Started Flashing: Economist (TDH)
• Michael van de Poppe: Crypto analyst sees ‘very big move on the horizon’ for Bitcoin as volatility drops below 25 points (Finbold)
• Nicholas Merten: Top Analyst Issues Bitcoin Warning, Says BTC Facing Make or Break Moment (TDH)
• Raoul Pal: Here’s When Risk Assets Like Bitcoin and Crypto Will Rip Higher, According to Macro Analyst (TDH)

Mining

• Bitcoin Mining Is Cool Again; We Can Thank Africa, Prudence and Growing Hashrate for That (Coindesk)

ETHEREUM

• Ethereum Could See A 15% Drop This Week – A Retreat To The $1,000 Support? (NewsBTC)
• Ethereum adds 135,000 new addresses marking the highest daily network growth in 2022 (Finbold)
• After Ethereum Merge, GPU prices may stabilize with dipping demand (Cointelegraph)
• Has Proof of Stake Made Ethereum More Centralized? (Decrypt)
• Jake Chervinsky on Why Ethereum’s Move to PoS Doesn’t Trigger U.S. Securities Laws (Cryptoglobe)
• Ethereum (ETH) Price Still Rangebound but Network Growth Outshines (BIC)
• It’s Over 9000: ETH’s Supply Change Since The Merge (CryptoPotato)

USDC

• Back to Square One? Circle's USDC Market Cap Drops Below $50B for First Time Since Terra's Collapse (Coindesk | Decrypt)

XRP

• Ripple (XRP) Is This Week’s Best Performer With 18% Gains (Market Watch) (CryptoPotato)
• XRP Price Eyes $0.60 But the Bottom Is Likely Not In (BIC)
• Ripple Keeps Hiring Amid Bear Market (UToday)
• XRP Lawsuit: SEC Case Takes Surprising Turn Following Ripple’s Decisive Win in Suit (ZyCrypto | NewsBTC)
• XRP Price Hits Target Of $0.5, But Can It Break This Key Resistance? (NewsBTC)
• Trader Flips Bullish on XRP and One Additional Altcoin, Says Economic Data This Week To Spark Crypto Market Shift (TDH)

CARDANO

• Cardano (ADA) Price Prediction: New Yearly Lows Underway After Bearish Breakout (BIC)
• Cardano (ADA) Forming Huge Bearish Pattern, According to Legendary Trader Peter Brandt – His Target: $0.25 (TDH)

SOLANA

• $SOL: Real Vision CEO Raoul Pal Explains Why He Likes Ethereum Rival Solana (Cryptoglobe)

DOGECOIN

• Here's How Much Dogecoin Now Held by Robinhood: Details (UToday)
• 2.7 Billion Dogecoin Moved by Mysterious Whales in 2 Million Lumps: Details (UToday)

LEGISLATION/REGULATION

• EU’s landmark digital asset legislation passes committee vote in European Parliament (TB | BIC)
• OECD releases final plan to crack down on international tax evasion using crypto (TB)
• EU Commission to Study Real-Time Monitoring of DeFi Activity on Ethereum (Decrypt | TDH)

LEGAL ISSUES

• California man indicted for laundering crypto in drug trafficking scheme (TB)
• Brazil Police Busted the ‘Bitcoin Sheikh’ for Stealing Over $766 Million (Report) (CryptoPotato)

ATTACKS/HACKS/SCAMS

• Main hacker in Transit Swap exploit agrees to return remaining funds (Cointelegraph | Coindesk)

WATCH

LISTEN

• Bitcoin Magazine: Bitcoin and the White House w/ Jason Brett and Dusty Daemon
• The Breakdown: A Legal Argument for Why Staking Doesn’t Make ETH a Security
• On The Brink: Jon Charbonneau (Delphi Digital) on Building for Censorship Resistance