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It's FRIDAY Folks! Bitcoin is seeing some relief and Analyst's are somewhat positive thinking that we could see a rally/short squeeze coming up. However, some also see Bitcoin dropping to about $15-$18K. As I've said before you should be prepared for both situations: If it pops you have enough exposure to see the needle move, if it drops you have enough dry powder to deploy and BTFD. If the market rallies, Ethereum and Cardano both will see significant appreciation as well. XRP could also see a rally due in part to Jed no longer having $XRP to sell. 

CEFI crap continues with a lot going on with Celsius and 3AC; DeFiance Capital distances itself. In the Mining world, prices, mining cost, and difficulty are all slumping; but the rate on miners in Kazakhstan are rising. 

Price of Bitcoin: $20,812.37

CEFI CONTAGION

• Celsius ‘much like a literal Ponzi scheme’, class action suit alleges (Finbold)
• Celsius Network’s Depositors May Not Get Their Money Back, Warns Economist (CryptoPotato)
• EquitiesFirst owes crypto lender Celsius $439 million: Financial Times (TB | Coindesk)
• Celsius says it owes its users US$4.72B amid a US$1.19B balance sheet deficit (Forkast)
• Celsius bankruptcy filings show a company in deep trouble (Cointelegraph)
• Celsius Network 'Could Stick Around' After Bankruptcy, Restructuring Expert Says (Coindesk)
• Analysts See Recovery for CEL Token Despite Celsius Bankruptcy (Coindesk)
• Tezos co-founder says it is ‘completely unsurprising’ Celsius would go bankrupt (Finbold)
• 3AC liquidators petition Singapore court to recognize BVI proceedings: Straits Times (TB | Coindesk | CryptoPotato)
• Crypto Biz: 3AC’s founders are nowhere to be found (Cointelegraph)
• DeFiance Capital distances itself from bankrupt crypto fund Three Arrows Capital (TB | Coindesk | CryptoPotato)
• DeFiance Capital Has Been 'Materially Affected' by Three Arrows Liquidation (Coindesk)

BITCOIN & ETHEREUM

Positive

• Bitcoin Funding Rate Turns Highly Positive, Long Squeeze In The Making? (NewsBTC)
• Bitcoin Volume Saw False Spike Due To Binance’s Fee Removal (Bitcoinist)
• The $863B Crypto Market May Be Close to Bottom, Mayer Multiple Suggests (Coindesk)
• Data suggests Bitcoin is a better investment than S&P 500 despite volatility (Finbold)
• Ethereum Jumps 12% as Merge Event Fast Approaches (Decrypt | CryptoPotato | CryptoPotato | NewsBTC)

Negative

• Bitcoin is now in its longest-ever 'extreme fear' period (Cointelegraph)
• Two Bitcoin price prediction polls, same outcome: $10K BTC is coming (Cointelegraph)
• Bitcoin whales still 'hibernating' as BTC price nears $21K (Cointelegraph | BIC)
• 2018 Ethereum price fractal suggests a $400 bottom, but analysts say the merge is a ‘wildcard’ (Cointelegraph)

ALTCOINS

• XRP Price Might Spike with Jed McCaleb's Holdings About to Empty as Soon as Tomorrow (UToday)
• 50 fintech leaders predict Cardano trading above $0.60 by the end of 2022 (Finbold | NewsBTC)
• Ethereum, Solana, Avalanche Post Significant Gains as Crypto Market Rebounds (UToday)
• Dogecoin Braces For Impact As Elon Musk’s $44 Billion Twitter Acquisition Deal Heads South (ZyCrypto)

STABLECOINS

• Circle Unveils USDC Liquidity And Availability In Reserves (Bitcoinist | TDH | Decrypt)

ANALYST'S CORNER

Positive

• Santiment: One On-Chain Metric Could Signal a Bitcoin (BTC) Breakout, According to Crypto Analytics Firm (TDH)
• Arthur Hayes: Doom Loop: Bitcoin Could Rally Soon, Says Former BitMex CEO (BIC)
• Ki Young Ju: Bitcoin Analyst Predicts "Big Short Squeeze" (UToday | Cryptoglobe)
• Pentoshi: Crypto Analyst Predicts $SOL Could Explode by Up to 110%, Says Cardano Is Primed To Fall Further (TDH)

Neutral

• BitMEX: Crypto Exchange Says MVRV Reveals When Bitcoin Bear Market Will End (TDH)

Negative

• Kevin O'Leary: Crypto markets need to hit ‘total panic’ before revival: Kevin O’Leary (Cointelegraph)
• Capo: Here’s What’s Next for Bitcoin ($15-18K), Ethereum ($600-700) and Cardano ($.29-.31), According to Trader Who Predicted 2022 BTC Collapse (TDH)

NOTABLE VOICES

• Charles Hoskinson: Cardano founder says blockchain can ‘radically’ transform how governments operate (Finbold)

ACCEPTANCE

• Crypto payments gain ground thanks to centralized payment processors (Cointelegraph)

BLOCKCHAINS

• Central African Republic set to launch Sango bitcoin sidechain (TB)
• Ethereum’s Shadow Fork 9 Goes Live in Lead-Up to the Merge (Coindesk)
• Sept 19: Ethereum devs confirm the perpetual date for The Merge (Cointelegraph | Decrypt | TDH | Coindesk)

EXCHANGES/WALLETS/ATMS

• ADA, DOGE and SHIB Can Now Be Sent and Swapped at More Than 6,000 ATMs Through This Feature (UToday)

MINING

• Bitcoin mining stock report: Friday, July 15 (TB)
• 7 largest U.S. crypto mining firms use enough electricity to power Houston, Congress finds (Finbold)
• Bitcoin Mining Rig Prices Slump to Near 2-Year Lows Amid Celsius Bankruptcy (Coindesk)
• BTC mining costs reach 10-month lows as miners use more efficient rigs (Cointelegraph)
• $BTC: JPMorgan Analysts Concerned About the Lower Cost of Mining Bitcoin (Cryptoglobe | Coindesk)
• Bitcoin Mining Difficulty Adjusts Downward For Second Time In A Row (Bitcoinist)
• New High Tax Rate On Crypto Miners In Kazakhstan, Here’s Why (Bitcoinist)

LEGISLATION/REGULATION

• US lawmakers ask about EPA, DOE monitoring of crypto mining emissions, energy consumption (Cointelegraph)
• Crypto execs gave more than $150,000 to Sen. Gillibrand in Q2 (TB | BIC)
• SEC Considers Exempting Crypto Companies From Certain Securities Laws (BIC)
• ECB report likens PoW to fossil fuel cars, PoS to electric vehicles (Cointelegraph)
• US and UK set to ‘deepen ties’ on crypto regulation, says British watchdog (Finbold)
• Vladimir Putin signs bill banning digital assets as payments into law (Cointelegraph)

PODCASTS

• On The Brink: Weekly Roundup 07/15/22 (Celsius files Chapter 11, 3AC not cooperating, Circle clarifies USDC reserves)
• Unchained: Three Crypto Bankruptcies: 3AC, Celsius and Voyager. What Happens Now?
• Untold Stories: Celsius and Monetary Cycles with Simon Dixon
• The Breakdown: Giving Up the Ghost? It’s Chapter 11 Time for Celsius
• Bitcoin Audible: Read_636 - What is Money Anyway? Part 1 [Lyn Alden]
• Bitcoin Magazine: What Does The Current Recession Mean For Bitcoin w/ Jimmy Song
• The Scoop: Domain Money CEO on responsible crypto asset management and where failed lenders went wrong
• Decrypt Daily: July 14: Is There Such Thing as FUD?