11 Jan 2022: Short Squeeze Coming?!


"Determination is the wake-up call to human will."
-Tony Robbins

Bitcoin: $41,774.51 | Dom: 40.5% | HR: 165.980 EH/s

This Just in: Major Bitcoin warning issued by Billionaire Paul Tudor Jones, However investment giant Fidelity to add Bitcoin exposure to its ETFs for Canadian users. Meanwhile, IMF: Crypto is no longer an investment hedge due to stock market correlation.

How Digital Assets Have Revolutionized the Way We Build Generational Wealth

Notable Voices
JOE ROGAN: I have a lot of hope for Bitcoin 
Jay Clayton: Digital Assets will change global financial infrastructure
Kevin O'Leary: Ethereum Is Worth Investing in as Software
Brian Brooks: Good medium term outlook for Bitcoin, says Bitfury CEO.

Follow up
Bahrain’s Central Bank declares its JPM Coin payment test a success and Block job postings reveal Jack Dorsey’s Bitcoin plans.

Tax Reporting For Crypto Is About To Get A Lot Easier, Faster And Cheaper

Bitcoin
Bitcoin returns to $42K as bets start favoring ‘short squeeze’ higher for BTC as the majority of JPMorgan clients are bullish on Bitcoin. In addition, 4,118 $BTC bought since November by Mega Whale who holds 123,000 Bitcoins. However, Bitcoin and Ethereum Whales remain cautious as exchange inflows stay at all-time low; but there is a positive sign. Stocks might be reason behind Crypto and Bitcoin drop; correlation still high. Morocco is number one for Bitcoin trading in North Africa.

Update: Bitcoin price surges to $43K, but traders warn that ‘real pain’ is due for Altcoins. Bitcoin Data: 2nd half Of 2021 saw little spending despite ATH. Was $39,650 the bottom? Bitcoin bulls and bears debate the future of BTC price. Bitcoin “Death Cross”: Here’s why bulls shouldn't be afraid.

Wall Street still not convinced on Bitcoin $100K this year: JPMorgan survey
JPMorgan Chase CEO Hints at Four 0.25% Rate Hikes
Podcast: What Will Happen if the Fed Raises Rates 

Altcoins
Ethereum ($ETH) bounces at crucial support level: Multi Coin Analysis. Large investors purchase Chainlink, MATIC and Fantom dips as Altcoin prices rebound; $MATIC flips $LINK as most popular coin for trading among top 1,000 Ethereum Whales. MATIC, ETH and BAT still keep 80% profitability rate after Cryptocurrency market correction. DeFi project OlympusDAO's OHM token falls 27% amid Crypto crash. Curve DAO Token ($CRV) revisits important level.New Altcoin Moonbeam ($GLMR) built on Polkadot ($DOT) explodes after launch, gets quick listing from Binance. 

Doggie-Coins Watch
7.1 Million $SHIB burned over 24 hours, while 140 Million destroyed in past week. Shiba Inu ($SHIB) Listed by Popular Indian Cryptocurrency Exchange. Majority of Shiba Inu holders now nursing losses amid $SHIB’s sustained downtrend, according to insights firm IntoTheBlock. 407.4 Million $DOGE shifted between anonymous wallets. Bone ShibaSwap (BONE) listed by MEXC Global. 

Analyst's Corner
Utility, circulation, and active addresses is what to watch for Bitcoin's price reversal, according to Santiment.  In October, the pseudonymous crypto trader known as Cheds told his 206,000 Twitter followers that there was a strong possibility that a Bitcoin futures exchange-traded fund (ETF) would launch. He also said that this would send BTC on a rally, but topping out somewhere around $64,000 and then correcting down to $40,000.

In addition, the pseudonymous analyst known as Capo gives the potential bottoms on $BTC ($40K) and $ETH ($3K), plus smart contract platforms Solana ($SOL/$125) and Cardano ($ADA/$1.02). Tone Vays tells his 118,000 subscribers that the momentum reversal indicator (MRI), a signal that predicts the end of a trend based on price momentum, just showed up.

Meanwhile, Bitcoin Discount? Peter Brandt on why you shouldn’t buy the dip. Here’s what’s next for Ethereum rival Fantom ($FTM), Polygon ($MATIC) and three additional Altcoins ($ENJ, $WOO, $ZIL) according to Analyst Michaël van de Poppe; who believe there are "maximum financial opportunities" for Bitcoin. Up to a 370% rally for explosive Altcoin Polygon ($MATIC) inevitable ($10), according to Crypto Trader Lark Davis.

The pseudonymous analyst known as TechDev tells his 334,000 Twitter followers that BTC is still in a long corrective phase.

MUST WATCH

Acceptance/Adoption
Iran to allow crypto payments for international trade: Report. NBA Stars Andre Iguodala and Klay Thompson accept salary in BTC. Bitcoin and Businesses: What is your Bitcoin strategy? Binance sponsors AFCON to further develop crypto adoption in Africa. Axis Bank issues financial contract on state-backed blockchain platform. Nasdaq-Listed Real Estate Company Harbor Custom Development to Embrace Bitcoin, Ethereum, Dogecoin, and Shiba Inu Payments.

Acquisitions/Partnerships
Elrond acquires Crypto payments vendor Utrust.

Follow Dat Money
Citadel Securities raised $1.15B from Sequoia Capital and Paradigm, now valued at $22 billion. Elrond-Based Metaverse Data Start-up Itheum Raises $1.5 Million. Binance Labs backs $200M Oasis Ecosystem Fund.

Funds/ETFs
Crypto investment products see record $207 Million in weekly outflows and Ethereum futures and options data reflects traders’ mixed emotions on $3.2K ETH price.

Blockchains
$ADA: Cardano Foundation reaches goal of planting 1 Million trees — all recorded on Blockchain. Polygon touts faster proving system compatible with Ethereum as Plonky2 launches. Orbs Introduces Multi-Chain staking on Ethereum and Polygon. Stellar Development Foundation launches new account model, how users will benefit.

Green and gold: The crypto projects saving the planet

Exchanges/Wallets/ATMs
Coinbase announces 'nearly the entire company will shut down' for four weeklong breaks in 2022 to allow workers to recharge. Users frantic as Cardano gets shut out on Coinbase, $ADA wavers at critical price level. Australia's largest crypto exchange will sponsor tennis star Ajla Tomljanovic. Binance taps former central bank exec Gleb Kostarev to push compliance in CIS and Russia. Cash App integrates Lightning Network for Bitcoin payments. Bitcoin app Strike launches in Argentina. Ramp expands presence in US with FinCEN regulation.

Mining
NYDIG-backed mining firm Luxor launches new service for buying, selling hardware and Bitcoin miner beats 1 in 1.3 million odds to mine a BTC block. Key on-chain metric shows Bitcoin miners in ‘massive’ BTC accumulation mode.

Regulation
Powell says delayed Fed report on digital currencies will be released 'within weeks'. Bitcoin Mood: How the Fed’s actions might affect the Cryptocurrency. Thailand government to clear up crypto tax confusion. FTX founder Sam Bankman-Friend urges regulators to create a unified crypto framework.

Web3
NFL Star Dez Bryant pairs with Chainlink for dynamic NFTs. Pakistan: Fundraising for charity via trading NFTs. Associated Press to launch NFT marketplace on Polygon to support journalism. Top NFT Marketplace OpenSea trading volume set for record month despite crypto market retreat; here are some projects to consider. New NFT marketplace LooksRare allows traders to earn rewards. NFTs gaining popularity as fundraising method in election campaigns. LinksDAO NFT prices jump after Steph Curry purchase. Macro-driven crypto plunge spares NFT floor prices. OpenSea rival LooksRare tops $110M in Ethereum NFT trading in one day.

Metaverse
Metaverse talent hunt intensifies, Microsoft loses around 100 employees to Meta. Metaverse fans are paying $300,000 for a virtual property instead of buying a real house. Wizardia Play-to-Earn Metaverse Goes Live on Solana.

CBDC
China rolling out Digital Yuan (CBDC) for winter olympics.

With the good comes the bad, FTC issues public warning about new crypto ATM scam and U.S. authorities crack down on crypto ATMs reportedly involved in human and drug trafficking. tZERO settles with SEC over late filings under ATS rules. YouTuber Siraj Raval caught lying about mining $800 in $ETH with a Tesla. Animoca Brands’ Lympo NFT platform hacked for $18.7 million. Billionaire Mark Cuban shuts down Dogecoin critic. South African police investigating alleged Africrypt bitcoin scam. ‘Centralization issues’ are the biggest culprits of DeFi attacks: CertiK.

Top Podcast:

  • The Wolf of All Streets: Why Big Money Is Yet To Come To Crypto | Alex Tapscott
  • The Breakdown: The Macro Battle That Will Shape Crypto Markets This Year
  • Stephan Livera: SLP337 Salvatore Ingala - Ledger’s New Bitcoin App: PSBT, Taproot, Descriptors, Multi-Sig

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TheCryptoCurator
TheCryptoCurator

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The Crypto Curator
The Crypto Curator

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