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Happy Humpday Folks! Today is the day when we will learn the CPI numbers (Watch Data Dash) and it is believed this will have a major impact on the price of Bitcoin and Altcoins so buckle up! Bitcoin fell to support zone of the consolidation pattern it's been in and it continue to circle $20K; Shrimps and Whales continue to buy.

Ethereum risks dropping possibly under $1K, but institutional investors sentiment improves as the merge approaches. In the long term Meltem is bullish on Bitcoin - seeing all time high by 2024 and Kaleo is bullish on $ETH long term - seeing it go to $10K. Things continue to look up for XRP and Cardano's development outpaces all other Altcoins.

Celsius and BlockFi continue to try to dig themselves out of the hold by paying off loans, but investigations continue as to what's going on under the covers.  Keep reading, watching, and listening with me :) 

CEFI CONTAGION

• Celsius has now paid off more than $800 million of debt to DeFi apps (TB | Bitcoinist)
• Celsius Engaged in an Unregistered Securities Offering, Alleged Vermont’s Financial Regulator (CryptoPotato | Cointelegraph | Blockworks | TB | BIC)
• BlockFi Winds Down Loans Backed by GBTC Stock, CEO says (Blockworks)
• Three Arrows Assets Ordered Frozen By Judge – How Much Deeper 3AC’s Trouble Can Get? (Bitcoinist)
• Voyager Token (VGX) Skyrockets 586% After Court Orders Seizure of Three Arrows Capital Assets (TDH)

BITCOIN & ETHEREUM

• Bitcoin Bearish Signal: Exchange Whale Ratio Is Trending Up (NewsBTC)
• How Bitcoin’s strong correlation to stocks could trigger a drop to $8,000 (Cointelegraph)
• 3 reasons why Bitcoin is struggling to flip $20K to support (Cointelegraph)
• Bears Refuse To Budge As Bitcoin Struggles To Reclaim $20,000 (NewsBTC)
• Bitcoin Dominance Rate (BTCD) Finds Support at 44% (BIC)
• Inflation Surges Again in June, Bitcoin Slides, Stocks Open Lower (Blockworks | Cointelegraph | UToday | Finbold | CryptoPotato)
• Bitcoin (BTC) Falls to Support Zone Of Consolidation Pattern; Will It Break Down? (BIC)
• Shrimps and Whales: Both Buy in on Bitcoin Despite Bear Market (BIC)
• Bitcoin not a currency? South Africa to regulate crypto as financial asset (Cointelegraph)
• The FED Measures Inflation In Bitcoin Terms, Tries To Fool The General Public (Bitcoinist)
• Ethereum price risks ‘bear flag’ breakdown, 20% drop against Bitcoin (Cointelegraph | NewsBTC)
• Institutional investor sentiment about ETH improves as Merge approaches (Cointelegraph | NewsBTC)

ALTCOINS

• Binance Coin (BNB) Creates Second Higher Low Since June 18 (BIC)
• Binance Burns Another $444M Worth of BNB (CryptoPotato)
• Dogecoin misses bullish target after Elon Musk snubs Twitter — what's next for DOGE price? (Cointelegraph)

ANALYST'S CORNER

Positive

• Meltem Demirors: $BTC: CoinShares CSO Says ‘We Will See New All-Time Highs in Bitcoin’ by July 2024 (Cryptoglobe | TDH | Bitcoinist)
• Kaleo: Here’s How Ethereum (ETH) Makes Its Way to $10,000, According to Top Crypto Analyst (TDH)
• Santiment: Social Trends Sway in Favor of Bitcoin and Ethereum As Altcoins Take Back Seat (TDH)

Neutral

• Rekt Capital: Here’s When Bitcoin (BTC) Could Bottom Out Amid ‘Tremendously Oversold’ Reading: Top Crypto Strategist (TDH)

Negative

• Glassnodes: Bitcoin (BTC) Investors Not Out of the Woods Yet Despite Capitulation (TDH)
• Benjamin Cowen: Crypto Analyst Says Bitcoin To Remain Under Sell Pressure Due to This Macro Factor (TDH)
• Capo: Cardano ($ADA) Price May Soon Drop as It’s ‘Getting Weaker and Weaker’, Crypto Trader Suggests (Cryptoglobe)

NOTABLE VOICES

• Chamath Palihapitiya: Bitcoin is facing an ‘enormous amount of systemic risk’, says billionaire venture capitalist (Finbold)
• Paul Brody: EY’s Global Blockchain Leader lays out bullish signals for crypto despite market carnage (Finbold)
  
• Alex Tapscott: Crypto winter presents an opportunity amid chaos, says asset group exec (Cointelegraph)
• Charlie Munger: Buffett’s right-hand man Charlie Munger says investing in crypto is ‘almost insane’ (Finbold)
• Vivek Raman: Transaction Fees on Ethereum ‘Will not Come Down’ After Merge, Says DeFi Researcher (BIC)

ACCEPTANCE/ADOPTION

• Crypto Mergers And Acquisitions Keep Pace With 2021, Despite Market Downturn (Bitcoinist)
• You can now buy a condo in Canada with Bitcoin as developer integrates crypto payments (Finbold)
• Survey reveals high penetration and adoption of crypto in Saudi Arabia (Cointelegraph)

ETFs

• Crypto Products See Second Consecutive Week of Negligible Inflows (BIC)

BLOCKCHAINS

• What Are The Different Types of Bitcoin Nodes? How the Bitcoin Network is Maintained (Decrypt)
• Brazil beams Bitcoin from space: A case for BTC satellite nodes (Cointelegraph)
• Ethereum Scaling Solution StarkNet Announces Token Launch for September (Decrypt)
• Cardano Leads in Daily Development Activity, Data Reveals (UToday)
• Cardano Vasil: Developer Debunks Possibility of Likely Delay (UToday)

EXCHANGES/WALLETS/ATMS

• Bitcoin Can Now Be Bought at Over 175,000 ATMs as Hyosung America Adds Crypto Functionality (UToday | Cointelegraph | Bitcoinist)
• Chicago Based Brokerage Firm M1 Finance To Render Crypto Trading Services (Bitcoinist)

MINING

• Full Bitcoin Mining Ban On Europe? ECB Think It’s Probable (Bitcoinist)
• BIT Mining to sell subsidiary Loto Interactive as it expands in the US (TB)
• Bit Digital mined no ETH in June (TB)

LEGISLATION/REGULATION

• XRP: ‘Big Tactical Win for Ripple’ As Judge Netburn Accuses SEC of ‘Hypocrisy’ (Cryptoglobe | UToday | Cointelegraph | CryptoPotato)
• FSB labels crypto as an ‘unreliable store of value’ needing ‘robust regulation’ (Finbold)
• Citing Benefits of Cryptocurrencies, South Africa Plans to Regulate Them as Financial Assets (CryptoPotato)

THE BAD

• Class action law firm starts investigating Solana Labs over potential securities violations (Finbold)

PODCASTS

• Bitcoin Fundamentals: BTC086: The Macro Hurricane w/ Lawrence Lepard (Bitcoin Podcast)
• The Pomp Podcast: #1045 Dylan LeClair On How Bitcoin Humbled Everyone
• The Breakdown: The Battle Around Three Arrows Capital
• Bankless: Solana is Launching a Phone? | Co-Founders Anatoly & Raj
• Decrypt Daily: July 12: If It Walks Like a Defunct Lending Service, Then It Might Be a Defunct Lending Service