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Happy Tuesday Folks! Governments will not be left out of the money game when it comes to Crypto. Portugal has joined many others by hitting investors/traders with a 28% tax on profits. Coinbase gets licensed in Singapore and could this be the bottom? Until $17.5K is broken it's the bottom. We are just in a weird zone and for how long is anyone's guess. Hunter Horsley believes 2024 we could see some significant appreciation in the market; can you wait (HODL) that long? Yesterday's big story was about Huobi's acquisition and the mining difficulty - what will bubble to the top today? 

Podcast of the Day: Bitcoin Audible: Read_661 - Five Examples of Bitcoin's Real World Utility [Trent Dudenhoeffer]

FOLLOW DAT MONEY

READ

Trending

• BNY Mellon Is Now the First US Bank to Provide Crypto Custody (CryptoPotato | TB | Blockworks | Finbold | UToday | BM | BIC | Cointelegraph | TDH | Cryptoglobe | TB)
• OFAC And FinCEN Charged Bittrex Exchange For Over $53 Million (TB | TDH | CryptoPotato | Coindesk | Finbold | Blockworks | Cointelegraph | Bitcoinist)
• Portugal proposes 28% tax on annual crypto trading profits next year (Cointelegraph | CryptoPotato | Blockworks | Coindesk)

Gaining Traction

• Coinbase Stock Pops On Google Deal to Accept Crypto for Cloud (Blockworks | TB | Cointelegraph | BIC)
• Temple DAO Exploited For $2M (Bitcoinist | Blockworks | TB | Cointelegraph)
• ‘Comprehensive’ International Crypto Rules Proposed by Influential Finance Watchdog: FSB (Coindesk | BIC | Cointelegraph)
• Coinbase Secures Crypto License in Singapore As 3AC Liquidators Begin Probe (BIC | Coindesk | Blockworks)

CRYPTO MARKETS

• Major banks record spike in revenue as investors abandon crypto for international trading (Finbold)
• Crypto Funds Witness Minor Outflows – but It's Bullish, Actually (Coindesk)
• Google now showing Ethereum wallet balances (TB)
• 3 Reasons Your Crypto Investment Is at Risk for the Rest of October (BIC)
• The Bigger Picture: Crypto Through The Macro Lens (Bitcoinist)
• Wall Street and Top Financial Institutions Waiting To Go All-In on Crypto, Says Bitcoin Bull Anthony Pompliano (TDH)
• Mass adoption will be terrible for crypto (Cointelegraph)
• Crypto May Be the Future of Investing, According to Bank of America (BIC)

BITCOIN

     Pricing

• Bottom Formation in Play? Glassnode Looks at State of Bitcoin As Whales Accumulate Over $300,000,000 in BTC (TDH | CryptoPotato)
• Bitcoin's Calm Amid Soaring Bond Market Volatility Points to 'HODLer'-Dominated Crypto Market (Coindesk)
• Buying BTC while 50% of holders are at loss ‘will be incredibly profitable’ long-term, says analyst (Finbold)
• Bitcoin risks key support as trader says BTC price bottomed at $17.6K (Cointelegraph)
• Breaking: Bitcoin (BTC) Price Dips Below $19,000, Increasing the Risk of a Sell-Off (BIC)

     Adoption

• Bitcoin Rising In The Gulf: UAE Sees Crypto Market Growing 10-Times This Year (Bitcoinist)

     Mining

• Bitcoin mining facility ordered to shut down as new ordinance goes into effect (TB | Cointelegraph | Coindesk)
• Here’s Why This Expert Thinks Bitcoin Prices Might Fall (NewsBTC)
• Bitcoin Supply In Profit Continues Decline, But Still Not At Historical Bottom Zone (NewsBTC)

     Whales

• Bitcoin Whales Withdrew 15.7k BTC From Exchanges Recently, Highest Since June (Bitcoinist)

     Opinion

• Hunter Horsley: Bitwise CEO says bear markets are moments for making fortunes, projects crypto rally in 2024 (Finbold | TDH)
• Lawrence Lepard: Veteran investor warns ‘we are in the end game of fiat money’, says Bitcoin will take the stage (Finbold)

ETHEREUM

• Ethereum-scaling protocol zkSync’s layer-3 prototype set for testing in 2023 (Cointelegraph)
• Ethereum's weekly supply growth turns deflationary for first time since Merge (TB)
• Ethereum and Other Risk Assets Setting Up for Trend Reversals, Says Macro Guru Raoul Pal – But There’s a Catch (TDH)

XRP

• Ripple Builds New Partnerships in France and Sweden Despite Crypto Bear Market (Coindesk)
• XRP: Ripple Signs Up Its First ODL Customers in France and Sweden (Cryptoglobe)
• Crypto expert identifies ‘sell signal’ on XRP chart – is a major correction imminent? (Finbold)
• XRP: Here Are Next Key Dates in Ripple-SEC Lawsuit (UToday)
• XRP Takes The Lead Among Altcoins – Will It Drop Before Climbing? (NewsBTC)
• 100 Million XRP Moved by FTX Behemoth, Here's What It Means for Market (UToday)
• XRP Might Be in Serious Trouble as Ominous Signal Appears on Chart: Details (UToday)
• XRP Poised To Erupt In Parabolic Rally As Ripple Unveils ODL Service In Sweden And France (ZyCrypto)
• Ripple (XRP) Skyrockets 20% in 14 Days: Here Are The Reasons Why (CryptoPotato)
• Ripple CEO Predicts When SEC Lawsuit Is Likely to End (UToday | CryptoPotato)

CARDANO

• Cardano dips below May’s lows presenting opportunities for ‘interesting longs’ (Finbold)
• After Over 10 Network Outages, Solana Proposes A Genius Solution To Solve Debacle (ZyCrypto)

SOLANA

• Solana Price Prediction: Things Ain’t Looking Good (BIC)
• Solana Network Woes Exacerbated by NFT Airdrop Malware Threat (BIC)

EXCHANGES

• FTX Founder Sam Bankman-Fried Lays Out Upcoming Upgrades for the Crypto Exchange (TDH)
• Gemini expands into Europe, becomes first VASP in Ireland (TB)

ETF

• SEC rejects WisdomTree's application for a spot Bitcoin ETF ... again (Cointelegraph | Coindesk)

LEGISLATION/REGULATION

• Federal Reserve vice chair forecasts restrictive monetary policy 'for some time' (TB)
• Lawmakers Overwhelmingly Back EU's MiCA Crypto Law in Committee Vote (Coindesk | TDH)
• OECD Releases Framework to Unify Global Crypto Tax Reporting (Blockworks)
• Senior U.S. banking regulator sounds stablecoin concerns (TB)
• Circle CEO: House legislation ‘best shot’ for digital dollar competition (TB)
• CFTC Chair: Don't expect crypto tech to be a 'free pass' from regulation (TB)
• Poll: US Voters Who Own Crypto Are on the Rise, Just in Time for Midterms (Blockworks)

LEGAL BATTLES

• Millionaire by Chance Now Pleads Not Guilty in a Court Case Against CryptoCom (CryptoPotato)
• Exposed: Celsius founder is still dumping hundreds of thousands of dollars in CEL across wallets (Finbold)
• Sam Bankman-Fried hedges on whether FTX will make a bid for Celsius (TB)
• Terra Founder Do Kwon Is Still Cashing Out, But Not With Bitcoin (Bitcoinist)

ATTACKS/HACKS/SCAMS

• Fake Solana wallet security update is trying to steal your crypto: Reports (Cointelegraph)
• Hacker drains $2 million from QANplatform bridge, token slumps 94% (TB)

WATCH

LISTEN

• What Bitcoin Did: Europe in Crisis with Lyn Alden
• TFTC: #364: The Sovereign Debt Crisis is Imploding in Real Time with Greg Foss