"The power for creating a better future is contained in the present moment.
You create a good future by creating a good present."
- Eckhart Tolle

Happy Tuesday Folks! It appears the market is waiting on the CPI numbers and until then Bitcoin once again is stuck in a range - between $18-22K. Like a broken record more CEFI Contagion news continues to roll in and no one knows what will happen with the platforms or the assets on them; nothing you can do so don't worry about it for now. 

Meanwhile, Bitcoin continues to build and be adopted as addresses cross the 1B mark and the Stacks network continue to grow allowing apps to be built on Bitcoin. Analyst's are quite bearish as a result of the pull back, hinting at more downside for not only Bitcoin but other Altcoins. 

Price of Bitcoin: $19,819.42

CEFI CONTAGION

• Celsius Lost Potential $6B Bailout After Refusing To Show Financials, Investor Says (Blockworks)
• Celsius Recovers Over $400M in Staked Ethereum Collateral From Aave Loan (Decrypt)
• Zhu Su Breaks the Silence: Three Arrows Capital to Seek Appropriate Sanctions Over Disappointing Court Filings (CryptoPotato | TB | EWN | Cointelegraph)
  
• 3AC’s Zhu and Davies To Skip Liquidators’ Court Hearing, Email Shows (Blockworks | TB)
• First meeting of Three Arrows Capital's creditors to take place on July 18 (TB)
• Voyager Digital gives update on recovery plan, reinstating user account access (Cryptoslate | Cointelegraph)
• California regulator is investigating firms that offer crypto interest accounts (TB)

BITCOIN

• Bitcoin (BTC) on-Chain Analysis: Inactive Supply Reaches New All-Time High (BIC)
• Bitcoin price hits 7-day low as US warns of 'highly elevated' CPI data (Cointelegraph | Finbold | BIC)
• More Than 62,000 Crypto Traders Liquidated as Bitcoin, Ethereum Take Tumble (Decrypt)
• Bitcoin Supply Still Not Underwater Enough For Historical Bear Bottom Zone (Bitcoinist)
• 3 key metrics suggest Bitcoin and the wider crypto market have further to fall (Cointelegraph)
• Investor Sentiment Nosedives As Crypto Market Sheds $50 Billion (Bitcoinist)

HOW WE SHOULD REALLY THINK ABOUT BITCOIN MAXIMALISM

ALTCOINS

• 40 Million XRP Sold by Jed McCaleb in Last 7 Days, Finish Is Almost Here (UToday | BIC)
• 3 reasons why Solana can repeat Ethereum's 2018 fractal to 5,000% gains (Cointelegraph)

ANALYST'S CORNER

Positive

• Glassnode: Bitcoin LTHs Who Bought During 2017-2020 Aren’t Selling Yet (NewsBTC)
• InvestAnswers: Bitcoin (BTC) Is the Only Safe Haven Amid ‘Full-Blown Recession,’ Says Host of InvestAnswers (TDH)
• Credible Crypto: Bitcoin ($BTC) Could Reach $100,000 by 2023 After Unexpected Rally, Crypto Trader Predicts (Cryptoglobe)
• Raoul Pal: Macro Guru Raoul Pal Names Three Conditions That Could ‘Absolutely’ Benefit the Crypto Markets (TDH)
• Sanitment: Cardano Sharks Accumulate Nearly 80 Million ADA in Just 30 Days While Whales Stay Flat (TDH)
• Guy: Cardano (ADA) vs. Algorand (ALGO)? Coin Bureau Weighs In on Potential Rivalry Between Top Ethereum Challengers (TDH)
• Coinshares: Institutional Investor Sentiment in Ethereum Improving As Big Network Upgrade Approaches (TDH)

Neutral

• Raoul Pal: Macro Guru Says Bitcoin (BTC) and Crypto Markets Controlled by One Big Driver (TDH)
  

Negative

• Charlie Munger: Bashes Crypto as an “Open Sewer” of Evil Actors (CryptoPotato)
  
• DaanCrypto: 'Very small chance' BTC price could hit $24K, says trader as US dollar cools (Cointelegraph)
• Andrew Left: "Complete Fraud" - Citron Research Founder Lambasts Crypto (UToday)
• Peter Brandt: Legendary Bitcoin Analyst Peter Brandt Warns Cardano Is Forming ‘Ugly’ Pattern (TDH)
• Capo: Trader Known for Calling 2022 Bitcoin Crash Says Cardano (ADA) and CRO Primed for Another Leg Down (TDH)
• Glassnode: Bitcoin Is Yet to Form a Resilient Bottom (CryptoPotato)

NOTABLE VOICES

• Bank of Indonesia: Crypto Could Strengthen the Global Financial System but There’s a Catch (CryptoPotato)
  

ACCEPTANCE

• Cardano Can Now Be Accepted As Payment At Over 7 Million Businesses — ‘Bringing $ADA To The Masses’ (ZyCrypto)

ETFs

• SEC extends window to decide on ARK 21Shares spot Bitcoin ETF to August (Cointelegraph | BIC)
• Bitwise Not Ruling Out Suing the SEC, Exec Says (Blockworks)

BLOCKCHAINS

• Total number of Bitcoin addresses ever created hits 1 billion milestone (Finbold)
• theBlock Research Pins Stacks as a Key Player in the BTC Network (NewsBTC)
  
• Smart contracts on Cardano on the brink of reaching 3,000 (Finbold)

MINING

• Bitcoin mining stock report: Tuesday, July 12 (TB)
• Texas Bitcoin miners are being paid to shut down and return energy to the grid (Finbold)
• Greenidge Generation mined rougly 18% more bitcoin in June (TB)
• Compass Mining recovers machines from hosting provider following court order (TB)

CAN BITCOIN MINING MAKE NUCLEAR ENERGY ABUNDANT AND FREE?

LEGISLATION/REGULATION

• Per Biden's executive order, Treasury requests public comment on digital currency policy (TB | BIC)
• Ripple v. SEC: Attorney Jeremy Hogan Speaks on Recent "Good Outcome" in Lawsuit (UToday)

THE BAD

• Hackers Nab $8M in Ethereum via Uniswap Phishing Attack (Decrypt | Bitcoinist | TB | NewsBTC)

PODCASTS

• The Wolf Of All Streets: Wall Street Will Fail | Mike Belshe On Bitcoin, Institutional Investors, Regulation & US Dollar
• The Pomp Podcast: #1043 Russell Starr On Why Now Is The Time To Build In Crypto
• Bitcoin Audible: Read_635 - 21 Million is Non-Negotiable [Zach_of_Earth]
• Stephan Livera Podcast: SLP392 Pete Rizzo - Is Bitcoin Maximalism Still Needed?