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Welcome to Thursday! As DJ Khaled says, "Another one!" Yes Celsius has now filed for Chapter 11 Bankruptcy. If you want their video it sounds like this will be a really good thing. However, if you listen to Simon Dixon he has his doubts. I will continue to remain patient, prepare for the worst, and hope for the best. 

Meanwhile, I want you all to really pay attention to what's going on with the Federal Reserve. They've releases a paper on the Lightning Network and Michael Barr, former Ripple Advisor supervising the Federal Reserve, is equivalent to Brian Brooks becoming the acting comptroller of the OCC which sets regulation for the banking industry. Will this have a material impact on $XRP? Will the Ripple network be used and $XRP become the asset to move value around the world? Maybe...

Bitcoin just can't seem to get back above and remain above $20K; sentiment still points south. Now with all the negative sentiment some believe the bottom is near. Even so, Whales are still accumulating. Why? It's because they truly understand and BELIEVE in Bitcoin; their action shows you what they believe. What do you believe? 

Mt. Gox Hack Impact

BREAKING

• New York Yankees will allow workers to convert part of their paychecks into Bitcoin (Finbold | UToday | Decrypt | CryptoPotato)
  

JUST IN

• Former Ripple Advisor Michael Barr Will Supervise the Federal Reserve (Blockworks)
• This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here’s why (CNBC)
• Bitfinex donates 36 BTC to Salvadoran businesses to support economic development (Cointelegraph)

CEFI CONTAGION

• What’s Wrong With Centralized Crypto Lending? (Blockworks)

Celsius

• Celsius bankruptcy documents claim $1.2 billion balance sheet gap (TB | UToday | Blockworks)
• Celsius Network’s Assets Could Be Locked for a Long Long Time Like Mt. Gox’s Crypto, Says Bitfinex Whale. (Cointelgraph)
• Embattled Crypto Lender Celsius Finally Files for Bankruptcy (UToday | Bitcoinist | CNBC)
  
• Investors lose life savings as Celsius goes bankrupt while CEL token loses 85% of its value in 2022 (Finbold | NewsBTC)

Voyager

• YouTube investigator accuses Voyager of false marketing and points out ‘red flags’ (Finbold)
• Voyager Digital’s VGX Skyrocketed 600% in a Massive Short-Squeeze (CryptoPotato)

BITCOIN

Positive

• Richest Bitcoin Whale’s BTC Holdings Explode to Over $2.5B Amid Renewed Accumulation Frenzy (TDH)
• Bitcoin trading volumes post new high in Philippines peso on Paxful (Cointelegraph)

Neutral

• Bitcoin Price Spends Four Weeks At 2017 Peak Prices, What Comes Next? (NewsBTC)
• Pi Cycle Bottom Is Flashing. Has Bitcoin (BTC) Bottomed Out? (BIC)
• Why Does Bitcoin Go Crazy Whenever CPI Numbers Are Published? (CryptoPotato)
• Bitcoin fights key trendline near $20K as US dollar index hits new 20-year high (Cointelegraph | UToday)
• Will Ethereum ever surpass Bitcoin? Crypto community answers (Cointelegraph)

Negative

• Stock Market Correlation With Bitcoin Remains High, But Why? (Bitcoinist)
• Bitcoin derivatives data suggests bears will pin BTC below $21K leading in Friday’s options expiry (Cointelegraph)
• Bitcoin (BTC) on-Chain Analysis: Market Cap Falls Below Realized Cap (BIC)
• Bitcoin analysts weigh sub-$17.5K dip after 'weak' BTC price bounce (Cointelegraph)
• Bitcoin (BTC) Recovers With Bullish Engulfing Candlestick, but Could Still Break Down (BIC)
• Realized Losses Spike as Bitcoin Inflation Hedge Properties Are Questioned (BIC)

ALTCOINS

• 10 New XRP Trading Pairs Listed as Bitrue Expands Support for XRP (UToday)
• An equal number of DOGE holders are in profit and at loss with 48% each, data shows (Finbold)

STABLECOINS

• Circle discloses full breakdown of $55.7B USDC reserves (Cointelegraph | TB | Coindesk)

ANALYST'S CORNER

Positive

• Michael van de Poppe: Ethereum (ETH) Ready for ‘Significant Run,’ Says Top Crypto Analyst – $1,500 is his target (TDH)

Negative

• Guy: Coin Bureau Host Warns Crypto Markets Could Crash Further During ‘Unprecedented’ Economic Turmoil (TDH)
• Glen Goodman: Negative headlines may indicate Bitcoin bottom is near, says crypto consultant (Finbold)
• Justin Bennett: Warns of Massive Bitcoin Plunge to Four-Figure Level As Crypto Reaches ‘Uncharted Territory’ (TDH | Cryptoglobe)
• Arthur Hayes: Expects Fed Intervention Following BTC Price Rise If These Events Happen (UToday)

NOTABLE VOICES

• Michael Saylor: Sings Bitcoin’s Praises As U.S. Inflation Jumps To New 40-Year High (NewsBTC)
  
• CZ: Crypto’s Richest Billionaire Says Banks Should Be More Involved With Digital Asset Industry (TDH)
• CZ: Binance CEO Talks Bailouts, Regulator Demands, and Simulation Theory (Decrypt)
• R. Kiyosaki: ‘Crypto guys are learning early’ the ups and downs of market crashes (Finbold)
• Todd Lenfield: Bear Market a Chance for Crypto Businesses to ‘Pivot,’ Chainalysis Says (Blockworks)
• JPMorgan: Bitcoin’s Cost of Production Has Dropped Dramatically (UToday | TB)
• Charles Hoskinson: Cardano Founder on How Blockchain Technology Could Improve Nation-Station Governance (Cryptoglobe)
• Brian Armstrong: Coinbase CEO Says Company Strained From Fast Growth, Looking for Ways To Be More Efficient (TDH)

ACCEPTANCE/ADOPTION

• 74% of Latin Americans Prefer Businesses That Accept Crypto: Report (Blockworks)
• Bahamas PM says the country will turn to crypto for innovation and offsetting GDP losses (Finbold)

BLOCKCHAINS

• The FED Released A Study Of The Lightning Network. These Are Their Conclusions (Bitcoinist)
• BNB Chain launches dApp aggregator platform with anti-scam alarm (TB)

EXCHANGES/WALLETS

• Binance.US, Gemini to join network of data company Plaid (TB)
• Cardano DEX Sees 54,000% Rise in TVL as Cardano Records Modest DeFi Inflows (UToday)
• Why former Google, Chanel, and PwC employees are building a crypto wallet (TB)

MINING

• Crypto Mining Firms Take Different Approaches to Selling Bitcoin (Blockworks)
• CleanSpark doubles down on discounted bitcoin mining rigs (TB | BM | Cointelegraph | Coindesk)

LEGISLATION/REGULATION

• Biden Administration Wants Public Opinion on New Digital Asset Executive Order (TDH)
• Ripple Wins Latest Legal Round To Compel SEC To Produce Evidence in XRP Lawsuit (TDH)
• South Africa Set To Regulate Bitcoin And Other Cryptos As Financial Assets (Bitcoinist)
• Indian regulator may dismantle crypto exchanges body after months of disputes (Finbold | BIC)

THE BAD

• Illicit Crypto Moving to Mixers on Pace to Double in 2022 (Blockworks)

PODCASTS

• Stephan Livera Podcast: SLP394 Beautyon - Bitcoin is Not Money: EU Attack on Bitcoin
• The Pomp Podcast: #1047 Alyse Killeen On Crypto Investors Coming Back To Bitcoin
• The Chopping Block: Anatoly Yakovenko on Why Solana Is Building the SAGA Phone
• Bankless: Solana is Launching a Phone? | Co-Founders Anatoly & Raj
• Decrypt Daily: July 13: Is There Good News for Celsius?