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It's Fridayyyyy Folks! What a head fake that was right? I mean a wick down to $18K and back up to nearly $20K. Once again until Bitcoin drops below $17.7K the bottom is in; as Mark Yusko says we are in Crypto spring. Even with the bear trap some still believe this is nothing more than a dead cat bounce and some are still talking sub 5 digits; I believe they will be proven wrong. Bitcoin could outpace stock market back to the 2017 ratio. The case against Tether continues as Roche Freedman is removed and speaking of removing, NYDIG lays off a third of its staff. 

Podcast of the Day: Bitcoin Audible: Guy's Take #60 - Digital Money

FOLLOW DAT MONEY

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TRENDING

• US Judge Removes Legal Firm Roche Freedman From Class Action Against Tether, Bitfinex: Report (Coindesk | TB | EWN | CryptoPotato)
• Mango Markets community set to approve $47 million deal with hacker (TB | Coindesk | Decrypt | Cointelegraph | TDH)
• NYDIG Lays Off a Third of its Staff: Report (Blockworks | Coindesk | EWN | CryptoPotato)

     Gaining Traction

• Gensler supports granting CFTC more power over spot markets (TB | Coindesk | TB | TDH)
• Bitcoin Parries Full-Blown CPI Onslaught, Recovers Above $19,000 Level (Bitcoinist | Decrypt | Coindesk)

CRYPTO MARKET

• Mastercard Executive Says Payments Giant Working To Unlock Full Potential of Crypto and Digital Assets (TDH | Cryptoglobe)
• Crypto users renew calls for Satoshi Nakamoto to win Nobel memorial prize for economics (Cointelegraph)
• Community discusses why inflation isn't pushing more people to crypto (Cointelegraph)
• El Salvador focused on bringing investment to Bitcoin City, says ambassador (Cointelegraph)
• Bitcoin Amsterdam 2022: Optimistic outlook for BTC amid shaky economic times (Cointelegraph)
• Crypto Biz: $470B bank enters crypto — Probably nothing, right? (Cointelegraph)
• $50B asset custody platform GK8 enters Brazil with license agreement (Cointelegraph)

BITCOIN

     Price

• Bitcoin ‘bear trap’ sees BTC price near $20K as daily gains top 9% (Cointelegraph | CryptoPotato)
• Bitcoin Unlikely to See Notable Recovery After Thursday's Short Squeeze: Traders (Coindesk)
• Bitcoin could outpace stock market back to the 2017 ratio (Finbold)
• Things Could Get "Ugly" for Bitcoin If It Breaks Below $17.6K (UToday)
• 3 emerging crypto trends to keep an eye on while Bitcoin price consolidates (Cointelegraph)

     Opinion

• Trading expert: Bitcoin could bleed down to $3,500 if the ‘worst case scenario’ plays out (Finbold)
• DBS bank dubs Bitcoin as ‘unique’ despite its volatile nature (Finbold)
• Fujitsu: Quantum computers could ‘massively’ change computing world; What it means for Bitcoin (Finbold | BIC)

     Mining

• Bitcoin Miner Stronghold Digital Bolsters Balance Sheet by Cutting Costs, Slashing Debt by More Than 60% (Coindesk | TB)
• A Huge Glut of Bitcoin Mining Rigs Is Sitting Unused in Boxes (Coindesk)
• This Bitcoin Mine Is Getting Rid Of Pennsylvania’s Leftover Coal Waste (Bitcoinist)

     Lightning

• Bitcoin’s Lightning Capacity Soars, Why The U.S. Plays A Big Role (Bitcoinist)

     Acceptance

• Bank of Canada study shows expansion in bitcoin ownership (TB)

     Scams

• Bitcoin Investor Loses to Giveaway Scam, Here's Surprising Amount Lost (UToday)

ETHEREUM

• Ethereum price eyes 35% rally after 6,000 ETH gets burned in one week (Cointelegraph)
• Ethereum adds almost 90,000 new unique addresses daily since Merge went live (Finbold)
• 51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns (Cointelegraph | Coindesk)

XRP

• Q&A: Kaiko Research Analyst on Ripple’s Legal Troubles and XRP’s Rally (Blockworks)
• DOGE, XRP Now Accepted on Romania's Largest Ticketing Platform (UToday)
• XRP Ledger Goes Cross-Chain with This Release (UToday)

CARDANO

• Warning: Fake Cardano Mobile Wallet Is Stealing Users' Funds (UToday)
• Cardano’s Daedalus 5.1.0 wallet goes live, here’s what you need to know (Finbold)
• Cardano DEX Sets New Record Mere Weeks After Vasil, Here It Is (UToday)
• Cardano Creator Charles Hoskinson Reveals ‘Next Level’ Plans for ADA and Other Crypto Assets (TDH)

DOGE

• Dogecoin Accepted For Elon Musk’s New “Burnt Hair” Perfume (ZyCrypto)

LEGISLATION/REGULATION

• US Bank Regulator Believes Crypto Issues Taking Up Too Much Mental Space (BIC)
• What the Regulators Said at DC Fintech Week (Coindesk)
• Fed governor says the U.S. doesn't need a digital dollar (TB)
• More digital asset firms want to become broker-dealers: FINRA head (TB)

LEGAL BATTLES

• UK Wants to Make It Easier to Seize Crypto in Terrorism Cases (Coindesk)
• Voyager Digital's Creditors Push Back Against Plans to Provide Execs With Legal Immunity (Coindesk)
• Popular Bitcoin Astrologer’s Star Falls on Twitter Following $30K in Celsius Payments (Coindesk)
• Grayscale Lawsuit Moves Forward as GBTC Discount Widens (Blockworks)
• The SEC should be aiming at Do Kwon — But it’s getting distracted by Kim Kardashian (Cointelegraph)

WATCH

LISTEN

• The Breakdown: Inflation Surprise! Markets Swerve Wildly as Core CPI Rises at Fastest Pace Since 1982
• The Scoop: BlockTower’s venture lead unpacks new $150 million fund
• On The Brink: Weekly Roundup 10/13/22 (FASB accounting rules update, Warren’s letter to Texas, Howey’s orange groves)
• Decrypt Daily: Oct 13: 8.2% Inflation Rate Hurts Markets