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The Best Way To HODL Bitcoin

Happy Monday Folks! Another bullish weekend for Bitcoin which is currently trading around $22,337.45. The question on everyone's mind is: Can this rally be trusted? If we zoom out to the weekly, there appears to be overhead resistance around $24K and with the weekly closing above $21.7K it's in play and if it blast through that, we could see a $30K $BTC.  Meanwhile, It appears long-term holders are selling; Bitcoin is still in the accumulation zone; cheap sats for the taking. Analyst are all over the place so again - no one knows for sure what will happen.

There are three major events coming this week that will create crazy volatility: The Ethereum Merge (buy the rumor - sell the news?), Consumer Price Index (CPI) (Analyst warn of headwinds), and Mt. Gox creditor claim deadline (nothing burger). Where the price goes no one know. Nearly 70% of Crypto investors seem themselves as potential Billionaires and when you think about the math behind Bitcoin it's possible: 21M Fixed supply + Massive Demand (8B people) = Number go up!

POD: The Wolf Of All Streets: Crypto OG Dan Held Talks About Bitcoin

5 Things to Know

• Solid weekly close boosts short-term BTC bets
• Inbound CPI combines with dollar nosedive
• The Merge is here
• Difficulty, hash rate tackle all-time highs
• Extreme fear proves sticky

Trending

• Starbucks to Offer NFT-Based Loyalty Program Using Polygon's Blockchain Technology (Coindesk | Decrypt | Bitcoinist | Cryptoglobe | TB | Blockworks | Cointelegraph | TDH | BIC)
• Investment Giant Fidelity Could Allow Bitcoin Trading On Its Platform (Bitcoinist | TB | Coindesk | BIC | Cryptoglobe | Cointelegraph | Blockworks | BM)
• Crypto lobbyists slam SEC in new report for denying investors a spot Bitcoin ETF (Finbold | Coindesk | Cointelegraph | Bitcoinist | Bitcoinist)

BREAKING

• Abra plans to form state regulated bank for digital assets (TB | Cointelegraph | Blockworks | Coindesk | BIC)

CRYPTO MARKET

• Crypto Volatility: 3 Major Events Coming This Week (CryptoPotato | Bitcoinist | TB)
• Crypto Investors: Nearly 70% Still See Themselves as Potential Billionaires (BIC)
• Analysts Warn of Headwinds as Cryptos Gain Ahead of CPI Data (Coindesk)
• This Week on Crypto Twitter: Gensler May Want Ethereum Under SEC Control, Tonga to Make Bitcoin Legal Tender (Decrypt)
• Cryptocurrency is picking up as an instrument for tyranny (Cointelegraph)

BITCOIN & ETHEREUM

Positive

• $BTC: Further Dollar Weakness Helps Bitcoin to Break Above the $22,000 Level (Cryptoglobe | Decrypt | CryptoPotato | BIC | UToday)
• Bitcoin Would Be Ready For $24,000 If the Weekly Closes Above $21.7K (NewsBTC | NewsBTC)
• While the banks were closed, Bitcoin reached 5,000 days online (Cointelegraph)
• Bitcoin Hash Rate Marks New All-Time High After 55% Increase in 2 Months (CryptoPotato)
• Time for a breakout? Bitcoin price pushes at key resistance near $23K (Cointelegraph)
• Bitcoin and altcoins pop to the upside, but upcoming macro events could cap the rally (Cointelegraph)
• TA: Ethereum Gearing For Another Lift-Off to $2k: Rally Isn’t Over Yet (NewsBTC)

Neutral

• The Fed, the Merge and $22K BTC — 5 things to know in Bitcoin this week (Cointelegraph)
• ‘Wall Street’ Doesn’t Need Bitcoin; Bitcoin Doesn’t Need ‘Wall Street’ (Coindesk)
• US Inflation Data Could Test Bitcoin’s Rally (Coindesk)
• Will MicroStrategy Continue Bitcoin Purchases as Lawsuit Looms? (Blockworks)

Negative

• Bitcoin Bearish Signal: Long-Term Holder Selling Ramps Up (Bitcoinist)
• Bitcoin hits 3-week high as trader says 'all signs there' to short BTC (Cointelegraph)
• Quant Suggests Bitcoin Will Be Back In The Driver Seat After Ethereum Merge (NewsBTC)

ALTCOINS/STABLECOINS/CBDCs

• XRP gains 10% in a week as short-term technicals point at potential price bottom (Finbold)
• XRP Bulls Charge Hard To Pull Prices Up Past $0.34 After A Dismal August (NewsBTC)
• XRP Can Now Be Burned via Bitcoin Payment App on XRPL, Here Is How (UToday)
• Top 10 addresses holding XRP control 73% of all coins (Finbold)
• Cardano Attracts Four Times More Funds Than Week Before: CoinShares (UToday)
• Cardano Records Five Times as Many Projects Building in Months: Details (UToday)
• As Solana NFTs Reach New All-Time High, Will SOL Follow Suit? (BIC)
• Tether's USDT stablecoin launches on Near blockchain (TB | Cointelegraph | BIC)
• XRP Network Will Play Central Role in Future CBDC System, Says Macro Expert Raoul Pal (TDH | Cryptoglobe)

THE MERGE

• The Ethereum Merge Matters for Everyone in Crypto (Decrypt)
• Google gets in on Ethereum Merge excitement with nifty easter egg (Cointelegraph | CryptoPotato | TDH)
• Ethereum’s Transition to PoS Could Push PoW By The ‘Wayside’, Ethereum Co-founder Says (Coindesk)
• Ethereum Merge makes network more vulnerable to attack — Security expert (Cointelegraph)
• ‘Ethereum Merge’ Google Searches Now Show Handy Countdown Clock (BIC)
• Hodlnaut Judicial Managers Weigh Unwinding Crypto Lender's Assets Before Ethereum Merge (Coindesk)
• Bitcoin proponent claims PoS rewards aren't 'yields,' Vitalik snaps back (Cointelegraph)
• Decrypt Learn: The Ethereum Merge (Decrypt)
• What’s left for Ethereum GPU miners after The Merge? (TB)
• 64% of staked ETH controlled by five entities — Nansen (Cointelegraph)
• Ethereum’s Merge upgrade is only days away – what’s ahead for ETH? (Finbold)
• Why Ethereum Price Is Unlikely To Dump After “The Merge” (NewsBTC)
• The Merge ‘Completely Changes’ Ether’s Investment Case for Institutions (Blockworks)
• Institutional Investors Pull Out of Ethereum (ETH) Ahead of Merge As Jitters Arise: CoinShares (TDH)
• Ether May ‘Inevitably’ Turn Into a Store of Value After Ethereum’s Merge, Consensys Economist Says (Coindesk)
• Naeem Aslam: All Eyes on Ethereum Price, ETH Merge to Be Main Focal Point: Crypto Analyst (UToday)
• Ben Edgington: The Merge gets rid of ‘proof of waste’ (TB)

CARDANO'S VASIL HARD FORK

• Cardano (ADA) Braces for Move as Final Mainnet Before Vasil Hard Fork Is Released (BIC)
• Cardano On White House Crosshair Can Push ADA Up This Route (NewsBTC)
• Cardano Makes Stunning Progress Toward Vasil Hard Fork (UToday)

EL SALVADOR

• El Salvador's Bitcoin Portfolio Hits $54 Million in Losses, Here's When It Can Return to Profit (UToday)
• El Salvador Launches 2 Debt Repurchase Offers Amid Uncertainty Over Its Bitcoin Bond (Coindesk)

ANALYST'S CORNER

Positive

• State Street: Institutional investors undeterred by crypto winter (Cointelegraph)
• Rager: Bitcoin Bounce Suggesting Bear Market Bottom? Top Crypto Analyst Weighs In on BTC After ‘Brilliant’ Price Action (TDH)
• Ali Martinez: Bitcoin ‘bottom could be in’ as number of daily BTC addresses surge, says trading guru (Finbold)
• DonAlt: Popular Analyst Says Ethereum (ETH) Could Teleport Up, Explains How Bitcoin (BTC) Could Look Really Good Fast (TDH)
• Arthur Hayes: $ETH: BitMEX Co-Founder on Why He Has Bought Ethereum Call Options With a $3000 Strike Price (Cryptoglobe | TDH | UToday | ZyCrypto)
• Cathie Wood: ARK Invest's new chief futurist sees 'unprecedented' asset value appreciation: Exclusive (TB)

Neutral

• Michaël van de Poppe: Crypto expert reveals key XRP price levels for ‘shorts and longs’ as gains mount (Finbold)

Negative

• Tone Vays: Crypto Trader Who Nailed Bitcoin Collapse in 2018 Predicts Big BTC Shift – Here’s His Target (TDH)
• Peter Schiff: Calls Bitcoin Trading Above $21K a “Sucker’s Rally” (Cryptoglobe)
• Sam Bankman-Fried: FTX CEO Makes Prediction for Ethereum (ETH) Merge, Warns of Potential Rough Transition (TDH | Cryptoglobe)
• Brad Sherman: California Congressman, Continues Tirade Against BTC (BIC | Finbold | TDH)
• Credible: Top Crypto Analyst Issues Bitcoin and Ethereum Alert, Predicts Pullback for BTC and ETH As Merge Draws Near (TDH)

NOTABLE VOICES

• Pascal Gauthier: Bitcoin might be down but interest in crypto and NFTs is here to stay: Ledger CEO (Cointelegraph)
• Eugene Fama: Nobel Laureate Says Bitcoin Is Not a Store of Value, Warns BTC Will Blow Up at Some Point (TDH)
• Kevin O'Leary: Names $HBAR, $SOL, and $MATIC as Assets He Believes Could Challenge ETH’s Dominance (TDH)

PEOPLE ON THE MOVE

• Conservative Party of Canada Chooses Bitcoiner as Its New Leader (UToday | Bitcoinist | Cryptoglobe | Coindesk | Cointelegraph)

ACCEPTANCE/ADOPTION

• Norwegian central bank uses Ethereum to build national digital currency (Cointelegraph)

BLOCKCHAIN

• Suggestions That Bitcoin Halving Might Come Sooner Are Mostly Wrong (Coindesk)
  

MINING

• Bitcoin Hash Rate Hits All-Time High, Next Bitcoin Halving Projected for Q4 2023 (BIC)
• This Is How Marathon Digital Performed in August (CryptoPotato)
• White House Crypto Mining Report Draws Praise From Advocates and Critics Alike (Coindesk)
• Hive Blockchain To Mine Other Crypto Assets After Merge (Bitcoinist)
• Argentina’s Tax Authority Conducts First-Ever Raids on Secret Crypto Miners (Coindesk | TB)
• Bitcoin mining stock report: Monday, September 12 (TB)

ETF/OPTIONS/FUTURES

• CME set to launch ether options (TB | UToday | BIC | Cointelegraph)
• Open interest in Bitcoin’s perpetual futures contracts just hit a 4-month high (Finbold)
• Asset Manager Stone Ridge Shutting Bitcoin Futures Fund (Coindesk | TB | Cointelegraph)

LEGISLATION/REGULATION/TAXATION

• SEC to address growing crypto issuer filings with specialized offices (Cointelegraph | Blockworks | BIC | TDH)
• Regulators Tighten Crypto Market Rules in Thailand (BIC)
• Aussies already lost $242M to investment and crypto scams in 2022 (Cointelegraph)
• Here Are Top Five Countries With the Most Progressive Outlook on Crypto Tax: Analytics Firm Coincub (TDH)

LEGAL BATTLES

• SEC Could Soon Settle With Ripple If These Two Key Scenarios Unfold, Say Crypto Legal Expert (ZyCrypto)
  

ATTACKS/HACKS/SCAMS

• Florida Alerts Residents to Auto-Warranty Scams Requesting Crypto Payments (BIC)
• Cream Finance Exploiter Converts $1.75M in Stolen Funds to Bitcoin (Coindesk)

LISTEN

• The Scoop: Ethereum Merge Edition Part 2: Moving to proof of stake is like swapping planes in flight
• Bitcoin Magazine: The Bitcoin Disrupter w/ Adam Meister