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Welcome to Thursday folks! Isn't the news so positive this week? No! Hacktober is here and more and more money is being stolen. Good grief Charlie Brown - when will this industry get it's act together? I thought this was suppose to be Uptober?  However, $575MM worth of BNB burnt by Binance; so that is good. 

Meanwhile, Bitcoin continues it's struggling act and with CPI report coming out - buckle up! On-chain data shows Bitcoin rebound is about to happen and short-term bullish pattern is forming. But what if we enter a recession (we are already in a recession) will Bitcoin tank? 

Podcast of the Day: SLP422 John Haar Choosing Bitcoin & Austrian Econ over 13 years in TradFi

FOLLOW DAT MONEY

READ

Just In: Former MEP Nigel Farage dubs Bitcoin the ‘ultimate freedom’ as government can’t get near it (Finbold)

TRENDING

• Hacktober surprise: Worst month in worst year of hacks, Chainalysis says (TB | Cointelegraph | Coindesk | Decrypt | Blockworks | TDH | Cointelegraph)
• $575 Million Worth of BNB Burnt by Binance (CryptoPotato | Cointelegraph | UToday | BIC | Decrypt)
• Tether eliminates commercial paper from reserves (TB | Cointelegraph | Blockworks | Coindesk | TDH)

     Gaining Traction

• Bitcoin Plunges Below $19,000 Ahead of Fresh U.S. CPI Report (Decrypt | Cointelegraph | UToday)
• Can Coin Center Overturn OFAC Tornado Cash Ban? A Battle for Crypto Autonomy (BIC | Finbold | TDH)

CRYPTO MARKET

• Crypto markets to see ‘explosive volatility’ soon: Arcane Research (Cointelegraph)
• Massive Crypto Market Recovery Is Ahead, According to This Indicator (UToday)
• Ark Invest COO: Wealth Managers Should Be ‘Massive Target’ for Crypto Space (Blockworks)
• Acting CoC Michael Hsu: Crypto is ‘immature,’ but maybe it doesn’t have to go away (Cointelegraph)
• Brazil's Rio de Janeiro will accept crypto-payments for property taxes (Cointelegraph)
• Bank With Crypto Companies at Own Risk, Warns Fed Top Regulator (BIC)
• Crypto traders hit by $203 million in long liquidations, $46 million in bitcoin alone (TB | TDH)
• What is Causing the Total Crypto Market Cap to Fall? (BIC)

BITCOIN

• Bitcoin Rebound Is About To Happen, This On-Chain Data Show (Bitcoinist)
• Bitcoin Price Forms Short-Term Bullish Pattern, Why BTC Could Rise To $20K (NewsBTC)
• Will Bitcoin Tank If A Recession Hits, IMF Issues Warning (NewsBTC)
• Crypto Mining Firm BitNile to Start Bitcoin-Based Marketplace Next Year (Coindesk)
• Hive Blockchain says GPU mining revenues plunged in September (TB)
• Billionaire Mike Novogratz Forecasts How Long the Bitcoin and Crypto Bear Market Will Last (TDH)
• Bitcoin Price Today Will Depend on This Crucial Factor: Report (UToday)
• U.S. Inflation: Bad, but it Could Be Worse; Markets React (BIC | TB | CryptoPotato)
• Bitcoin traders were ready for a hot CPI report, but BTC bears are still in control (Cointelegraph)
• Bitcoin Long-Term Holders’ Profitability Collapses to 2018 Bear Market Levels – Could Price Recovery Be Next? (ZyCrypto)
• BTC price hits 3-week lows on US CPI as Bitcoin liquidates $57M (Cointelegraph)
• Jamie Dimon Slams Bitcoin as "Dirty" and "Expensive" (UToday)
• Marathon CEO: Building More Attractive Than Buying Right Now (Blockworks)

ETHEREUM

• Daily ETH issuance drops 97% post-Merge, significantly cutting emissions (Finbold | Coindesk)
• Ethereum, Solana and Cardano Signal Weakness Is Coming to Altcoin Market, Says Crypto Analyst (TDH)
• Ethereum Becoming Highly Centralized After Transition To Proof-of-Stake, Pundits Warn (ZyCrypto)

USDT

• Tether USDT Turns 8 – a History of FUD, Regulation and Growth (BIC)

XRP

• Ripple Price Prediction: Can XRP Continue To Outperform Bitcoin? (NewsBTC)
• $XRP: Here Are Six Stablecoin Projects Powered by the XRP Ledger (Cryptoglobe)
• XRP Erases 20% from Recent Gains, Here's What Might Come Next (UToday)

SOLANA

• Solana wipes out almost $1.5 billion in a week as network-related hacks mount (Finbold)
• Solana Price Falls Below $30 for First Time Since June (Decrypt)

DOGE

• You Can Now Buy Perfumes With Dogecoin Thanks To Elon Musk (Bitcoinist | TDH)

LEGISLATION/REGULATION

• EU commissioner McGuiness says privacy, AML may look different from US under MiCA (Cointelegraph)
• UK Government Approves Electronic Trade Documents Bill That Aims To Digitize Documents Using Blockchain Technology (EWN | Cointelegraph)
• Accounting Board Rules Will Make Crypto Reporting Simpler for Firms (BIC)
• US lawmaker says crypto regulation from SEC is 'needed now' (Cointelegraph)
• Crypto spot market regulation a 'big step for us' says CFTC chair, amid push for new law (TB)

LEGAL BATTLES

• XRP v. SEC: Ripple Partner Makes Next Big Step After Officially Joining Case (UToday)
• Judge in Ripple and SEC Lawsuit Grants Permission for Remittance Firm To Submit Amicus Briefs (TDH)
• Couple sent $10.5M by Crypto.com claim they thought they won a prize (Cointelegraph)
• Binance UK in Hot Water As Co-Owner Accuses the Exchange of Misrepresenting Reports (BIC)
• Digital Asset Bank Custodia Files Lawsuit in U.S. Court Over BNY Mellon's Crypto Approval (Coindesk)

WATCH

LISTEN

• TFTC: #366: The Colossal Multisig with Paul Miller
• Decrypt Daily: Oct 12: $100 Million Hack