"Change is the law of life. And those who look 'only' to the past or present are certain to miss the future."
- John F. Kennedy

Happy Monday Folks! We are about halfway through the month of July and it is status quo for now. July 1, 2022 the price of Bitcoin traded around $19,269.37 and rn $BTC is trading around $20,553.32 so meh right?  

Five things we will be watching this week will be the 200-week moving average, the dollar continuing to rise, Inflation, MACD, and Crypto Fear & Greed index.  Most covered news is Ruchir Sharma thinking Bitcoin can rebound, Celsius hiring restructuring lawyers (Watch Simon Dixon on InvestAnwsers), and CoinFLEX suing Roger Ver. So not a great way to start the week but it is what it is right? I will remain patient, create value so I can continue to buy Bitcoin weekly, HODL, and not worry about things I can't control; may you do the same. 

CEFI CONTAGION

• The Crypto Bailouts Have Begun. Is This the Only Way? (Decrypt)

Celsius

• Celsius Network Withdraws 6k Wrapped BTC Worth $124M from Aave (EWN | TB)
• Celsius Hires New Restructuring Lawyers Amid Debt Repayments (Blockworks | EWN | Cointelegraph | TB | Bitcoinist)
• Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize (Coindesk)
• How Celsius Is Scrambling to Wind Down Its DeFi Activity (Decrypt)

3AC

• Three Arrows Creditors Get Emergency Hearing As Founders Fail to 'Cooperate' (Coindesk)
• Three Arrows Capital Bankruptcy Filing Claims Location of Co-founders is Currently Unknown (EWN | BIC | Blockworks)

Voyager

• Voyager can't guarantee all customers will receive their crypto under proposed recovery plan (Cointelegraph)
• Investors lament potentially lost ‘millions’ on Voyager bankruptcy (Cointelegraph | Bitcoinist)
• US State Regulators Investigating Crypto Brokerage Voyager, Looking Into Potential Improper Disclosures (TDH)

BlockFi

• Private Equity Firm Slashes Valuations of BlockFi Investments (BIC)

CoinFLEX

• CoinFLEX to Sue Roger Ver for Margin Call Repayment (BIC | Cointelegraph | Blockworks | CryptoPotato)

Vauld

• Vauld CFO leaves struggling Asian crypto lender: sources (TB)
• Vauld issues letter to its creditors, disclosing $70 million shortfall (TB | BIC)

BITCOIN & ETHEREUM

• US inflation data will be ‘messy’ — 5 things to know in Bitcoin this week (Cointelegraph)

Positive

• Bitcoin (BTC) Successfully Breaks Through Important Resistance: What's Next? (UToday)
• Bitcoin eyes best weekly gains in 3 months as BTC price slips below $21K (Cointelegraph)
• Ethereum (ETH) Number of Non-Zero Wallets Prints All-Time High: Glassnode (UToday)
• 10.9% of Ethereum Supply Now Deposited in ETH 2.0 (UToday | Bitcoinist)
• PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher (Cointelegraph)

Neutral

• Bitcoin in 'Accumulation' Phase, Onchain Indicators Suggest (Coindesk)
• Institutional Whales Are Waiting to "Buy the Blood," Messari Report (UToday)
• Bitcoin (BTC) Reaches Weekly Close Above $20,000 But Trouble Could Still Be on the Horizon (BIC)
• A brief history of Bitcoin crashes and bear markets: 2009–2022 (Cointelegraph)

Negative

• Bitcoin Bearish Signal: Leverage Ratio Is Still Very High (NewsBTC)
• Wall Street sees Bitcoin dropping to $10,000 next rather than $30,000, survey finds (Finbold | ZyCrypto | TDH)
• Bitcoin Reserve Risk Indicator Falls to All-Time Lows (BIC)
• TA: Bitcoin Price Trims Gains, Key Breakdown Support Nearby (NewsBTC)
• TA: Ethereum Revisits Key Support, Can The Bulls Protect More Losses (NewsBTC)
• Ethereum’s failure to close above $1.3K prompts analysts to predict more downside (Cointelegraph)

ALTCOINS

• Price analysis 7/11: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX (Cointelegraph)
• Crypto Community Remains Upbeat On XRP, Despite Bearish Market Conditions (NewsBTC)
• XRP Community Predicts Extremely Favorable Price with Anticipated Release of Smart Contracts on XRPL (UToday)
• Cardano 'sharks' scoop up 79.1 million ADA ahead of Vasil hard fork (Cointelegraph)
  
• Cardano, Solana, Polkadot and Four More Altcoins Are Top Smart Contract Platform Holdings for Grayscale (TDH)
• Dogecoin Has Risen 78,000% from Its All-Time Lows (UToday)

STABLECOINS

• Tether fortifies its reserves: Will it silence critics, mollify investors? (Cointelegraph)

ANALYST'S CORNER

Positive

• Messari: Capital Flooding in Bitcoin and Ethereum Tends to Stay (CryptoPotato)
• DonAlt: Top Crypto Strategist Says Bitcoin (BTC) at $22,000 Is Where ‘Dreams Are Made’ – Here’s What It Means (TDH)
• Kevin Svenson: Bitcoin Rally in Sight As BTC Flashes ‘Textbook’ Bullish Reversal Pattern, According to Top Crypto Strategist (TDH)
• Benjamin Cowen: Bitcoin Potentially Already in Accumulation Phase, Gearing Up for Next Bull Market (TDH)
• Lyn Alden: Bitcoin ($BTC) Is in ‘A Deep Value Zone Here’ (CryptoGlobe | TDH)
• Jan Happel and Yann Allemann: Pronounced Bitcoin Move Impending, According to Glassnode Co-Founders (TDH)
  
• Michael van de Poppe: Rallies Incoming for Bitcoin ($28K), Ethereum ($1.5K) and FTM ($0.55) (TDH | Finbold)
• Michaël van de Poppe: Analyst Predicts Sharp Rallies for Cardano, Binance Coin, ATOM, and ONE (TDH)

Negative

• Meltem Demirors: Chief strategist sees ‘no upside catalysts’ for crypto as BTC yet to sink into a recession (Finbold | CryptoPotato | ZyCrypto)

NOTABLE VOICES

• Chelsea Manning: Chelsea Manning Bullish on Bitcoin Technology but ‘Skeptical’ of Economic Impact (Decrypt)
• Ruchir Sharma: Rockefeller International Chairman expresses confidence in Bitcoin’s comeback (Finbold | Coindesk | BIC | Bitcoinist)
• Kevin O'Leary: Kevin O’Leary Warns Massive Crypto Panic Event Incoming, Predicts Much of Industry Will Be Wiped Out (TDH)
• Jim Bianco: Longtime Investment Analyst Names Major Problem for Bitcoin (UToday)
• Michael Saylor: Ethereum is 'obviously' a security (Cointelegraph | BIC | TDH)
• Marcel Harmann: CeFi Should Be Regulated Like Traditional Banks, Says DeFi Boss (BIC)

ADOPTION

• Crypto Adoption Rate In Kenya Highest In Africa – Here’s Why (Bitcoinist)
  

PARTNERSHIPS

• Ripple Partners up with Major Web3 Company to Bring XRPL NFTs to CrossTower's Marketplace (UToday)

ETFs/ETNs

• Grayscale legal officer says Bitcoin ETF litigation could take two years (Cointelegraph | ZyCrypto)
• A New Physically Backed Bitcoin ETH Just Launched in Germany (BM)

BLOCKCHAINS

• dcSpark CTO: Cardano’s Vasil Upgrade Allows “A New Class of Tokens To Be Ported Over” (Cryptoglobe)
• Cardano Network Stands Near 60% Under Utilization, Data Finds (UToday)

EXCHANGES/WALLETS/ATMS

• Binance.US Shooting To Go Public With Hire of New CFO, Says Chief Executive (TDH)
• US dominates crypto ATMs installations and BTC hash rate worldwide (Cointelegraph)
• Global crypto ATMs growth shrinks by 32% in Q2 (Finbold)
• ING sells digital custody tech to Gmex Group (TB | Cointelegraph | Coindesk)

MINING

• Compass Mining recovers machines from hosting provider following court order (TB)
• Heatwave Forces Texas Bitcoin Miners to Shut Down (CryptoBriefing | TB)
• Bitcoin Mining Hashrate Drops to New Low, as Miners Face Crypto Winter (BIC)
• As Energy Costs Rise and Bitcoin Prices Fall, How Home Miners Are Learning to Adapt (BIC)
• China Can’t Seem to Stop Bitcoin Mining (Coindesk)

LEGISLATION/REGULATION

• Crypto needs regulation to mitigate risks, says Bank of England exec (Cointelegraph)
• Global Financial Watchdog FSB to Propose Crypto Regulations in October (Coindesk)
• G20 regulators call for new global rules on cryptocurrencies (TB | Blockworks | TDH)
• International Organization of Securities Commissions publishes crypto roadmap for 2023 (Finbold)
• US crypto regulation bill aims to bring greater clarity to DAOs (Cointelegraph)
• Ripple Accuses SEC of Taking "Extreme Position" on Expert Reports (UToday | Finbold)
• Ripple vs SEC: Legal Expert Warns Adverse Ruling in Lawsuit Would Be Catastrophic for Crypto Industry (TDH)

THE BAD

• Romance Crypto Scams on the Rise: Accounted for $185M in Losses for Americans (CryptoPotato)
• Hacker drains $1.4 million worth of ETH from NFT lender Omni (TB)

PODCASTS

• The Pomp Podcast: #1042 Balaji Srinivasan On The Network State 
• Bankless: 127 - Is this the End? | Lyn Alden
• Decrypt Daily: July 11: Bears are for Shaking Out & Building Up