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Veteran Trader Shows When Bitcoin Should Hit $35,000 - FiboSwanny Interview

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Happy Tuesday Folks! Good news all around. First it appears they got him! SBFraud is going to jail and the markets rejoice. Also the show must go on, the hearing will continue without SBF. Second, speaking of markets rejoicing, entire market is up with an overall market cap of $900B, Bitcoin popped to $18K before pulling back a bit; $ETH, MATIC, and $LTC also seeing significant gains. Of course the real reason the markets are rejoicing are the cooler CPI numbers, inflation looks to be tamed. Third, CZ and Justin Sun assures markets following surging $2B Binance withdrawals due to criminal charges against Binance; of course they are calling it FUD. 

Yesterday was just as spicy as we found out Do Kwon is in Serbia and all eyes are on the Ripple vs SEC case once again as the final date approaches. 

WATCH

LISTEN

Podcast of the Day: SBF ‘Loaned’ the CEO of The Block $43M | The Breakdown

Other Podcast

• SLP441 Hermann (Bitcoin Ekasi) - Actually Banking the Unbanked | Stephan Livera
• Contagion Continues For Mining Stocks: Part I | Anthony Power | The Mining Pod 
• How Will the FTX Collapse Affect Silvergate? A Bear and a Bull Debate | Unchained
• Michael Gayed: The Stock Market Will Crash | What Will Happen With Crypto? | The Wolf of All Streets
• Dec 13: SBF Arrested! A Summary of Inmate 14-372 | Decrypt Daily

SOURCES

• Breaking: FTX founder Sam Bankman-Fried arrested and in custody (Cointelegraph | TB | Blockworks | Coindesk | CNBC | Yahoo Finance | Blockworks | TDH | BIC | TB | TB | Blockworks | Cointelegraph | Finbold | Coindesk | Coindesk | CNBC | TB | BIC)
• Bitcoin sees CPI volatility as lower inflation sends BTC price to $18K (Cointelegraph | BIC | NewsBTC | TB | Coindesk | Coindesk | Blockworks | BM | CNBC | Finbold | BIC | BM)
• CZ, Justin Sun Assure Markets Following Surging $2B Binance Withdrawals Due to Criminal Charges (BIC | UToday | Bitcoinist | Cointelegraph | Finbold | NewsBTC)

BINANCE

• FUD or Fact? Binance Rumors, Analyzed (Blockworks)
• Business as Usual Says CZ, Confirming Over $1 Billion Daily Withdrawals (CryptoPotato)
• Binance CEO addresses USDC outflows: 'feel free to withdraw any other stablecoin' (TB | TB)

CRYPTO MARKET

• FSB to lay out global standards for crypto regulation: Reports (Cointelegraph | TB)
• Thailand Regulators Prepare Stricter Rules For Crypto (BIC | Cointelegraph)
• 'Old money has all but fled,' Huobi co-founder discusses challenges of running $400M VC fund (Cointelegraph)
• Coinbase adds 19 million verified users in 2022 despite crashing crypto markets (Finbold)
• US crypto market characterized by top-buying 'herd-like behavior,' JPMorgan finds (TB)

BTC

     Price

• Bitcoin Volatility Sinks To Multi-Year Lows As Chaotic 2022 Approaches Quiet End (Bitcoinist)
• Over $100,000,000 in Shorts Liquidated As Crypto Markets Bounce on Inflation Data and SBF Arrest (TDH)
• This Bitcoin Metric Suggests Selling Pressure May Be Reaching Exhaustion (NewsBTC)
• Bitcoin and Ether in for Quiet Holidays According to Glassnode (CryptoPotato)
• Atypically Bearish Early December Bodes Poorly for Bitcoin Investors (Coindesk)
• Gamers are more interested in earning Bitcoin than NFTs: Survey (Cointelegraph)

    ETF

• SEC looks to intercept Grayscale Bitcoin ETF review bid (Cointelegraph)

     Mining

• Crypto Miner Iris Energy Hit by Class Action Suit (Coindesk)
• Crypto Miner Hut 8 Hires Former IBM Executive as CFO (Coindesk)
• Argo Blockchain Warns Bankruptcy Still on the Table (Blockworks)

     Voices

• ‘Bitcoin Will Go Up’: Senator Lummis Defends BTC In Retirement Plans (Bitcoinist | Cointelegraph)
• Billionaire Arthur Hayes Says Bitcoin Will Outperform Stocks Next Year, Unveils Immensely Bullish Catalyst for BTC (TDH)

USDT

• Tether vows to remove secured loans amid rush to show solvency (TB)
• Tether helps Binance swap 3 billion USDT to Ethereum from Tron (TB)

BNB

• Can Binance Coin (BNB) Price Avoid a Flash Crash as Investors Grow Concerned? (BIC)

XRP

• XRP whale activity soars with price retracement; Bullish trend to continue? (Finbold)
• Is Ripple poised to settle with SEC this week? Crypto Twitter weighs in (Cointelegraph)

DOGE

• DOGE whale transactions soar as traders take advantage of price slump (Finbold)
• Dogecoin (DOGE) Climbs 2.58% In 24 Hours, Can It Reach $0.1 Before The Week Runs Out? (NewsBTC)

ADA

• Cardano Community Expects ADA To Jump 50% By End Of Year, Is This Possible? (NewsBTC)

MATIC

• Polygon Transaction Volume Spikes, Will MATIC Price Soon Follow? (BIC)
• Polygon’s NFT Market Demonstrates Signs of Significant Increased Adoption, but Not Growth in Sale Volume, Nansen Data Shows (Coindesk)

LTC

• Litecoin (LTC) on Verge of Golden Cross, 70% Spike Ahead? (UToday)
• Litecoin Mega Whales Accumulate Nearly $220,000,000 Worth of LTC in Just Five Weeks: Analytics Firm Santiment (TDH)
• Litecoin “Mega Whales” Now Hold 15.4% Of Supply, Highest Since June 2017 (Bitcoinist)

FTX FIASCO

• CFTC files lawsuit against Sam Bankman-Fried, FTX, and Alameda for fraud (Cointelegraph | UToday)
• CFTC Plans to Sue Sam Bankman-Fried for Fraud: Report (Coindesk)
• SBF planned to blame everyone but himself, shows leaked Congress testimony (Cointelegraph)
• The Bahamas Asked SBF to Mint New Crypto Worth Hundreds of Millions, US Lawyers Claim (CryptoPotato | Cointelegraph)
• For SBF and FTX, the fraud started from day one. That and other revelations from the SEC (TB)
• FTX's Bahamas Liquidators Seek to Exclude Over $200M Worth of Luxury Properties From Liquidation (Coindesk)
• How Bankman-Fried Wanted To Attack Binance And Others In Today’s Hearing (Bitcoinist | CryptoPotato)
• Hours before his arrest, SBF denied being part of ‘Wirefraud’ chat group (Cointelegraph)
• SBF Indictment Unsealed: Sam Bankman-Fried Accused Of Conspiracy, Fraud, And Campaign Finance Violations (Bitcoinist | Cointelegraph)
• 'We came, we saw, we researched': Bankman-Fried considered closing Alameda in September (TB)
• John Ray Testifies On FTX’s Murky Waters: This Was Going On For Years (Bitcoinist)
• Bahamian regulator rejects new FTX CEO's bankruptcy coordination allegations (TB | TB)
• Top US Lawmaker Says FTX Hearing Will Continue Without Sam Bankman-Fried (Coindesk | Blockworks)
• FTX hearing: US lawmakers criticize use of Quickbooks, creepy dough, and 'conscientious stupidity' (Cointelegraph)
• FTX Managed Critical Accounting Via Slack, New CEO Testifies (Blockworks)
• FTX execs had ‘free rein’ over exchange, Alameda, CEO Ray says (TB)
• Congressman Brad Sherman Trashes Crypto During Recent Hearing (UToday)

• Robinhood Could Be the Latest Casualty of FTX Collapse, Says Citi Group (BIC)