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Follow Dat Money | Crypto Projections
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Folks, Guess what day it is? HUMPDAY! Yesterday, Bitcoin blasted off and today it's coming back to earth. Which way will it go? Analyst are predicting back to $23K all the way to $250K by Tim Draper in 18 months; he's moving the goal post before it was by the end of 2023. Let's get to the news...
Trending News Topics:
- Signature Bank investigation (5)
- Bitcoin's Fall Back (5)
- Voyager-Binance.US deal getting push back (3)
CRYPTO
Institutions Ditched Bitcoin, Ethereum and Crypto Market at Record Pace Right Before Massive Rallies: CoinShares.
BITCOIN & ETHEREUM
Bitcoin Falls Back To $24,000 After Briefly Topping $26K; 4 signs it's done for now or not.(6) But, new Bitcoin pattern signals start of massive bull run. Bitcoin, crypto prices trade lower, while some suggest stocks might be overvalued. Credit Suisse Crisis Has Bitcoin Investors Feeling Bullish. Bitcoin Options Market Still Afraid of USDC Volatility. Bitcoin Dominance Reaches 9-Month High.
Bitcoin hash rate continues to rise, but DeFi is under threat. How Current Bitcoin Halving Cycle Stacks Up Against Past Ones. Crypto Winter Ends Era of Bitcoin Mining ‘HODLers.’
Ethereum's Network-to-Value Ratio Slides to 3-Month Low as ETH Rallies 20%, but Displays Bullish Pattern. MEV Rewards on Ethereum Reach All-Time High During SVB Bank Run and USDC Depeg. Ethereum price reaches lowest level relative to Bitcoin in 5 months. Ethereum: Final Testnet Upgrade Brings Shanghai Closer Than Ever. Ethereum Shapella Upgrade Prepares for Mainnet After Successful Test. Forget HTTP: Ethereum has a new URL standard that can't be blocked.
OPINION: Bitcoin Just Formed Rare Megaphone Pattern, Says Veteran Trader Peter Bandt. Bitcoin Isn’t Trading as a Currency, but as a Speculative Asset: Morgan Stanley.(2) Bitcoin to $100K next? Analyst Charles Edward eyes 'textbook perfect' BTC price move.(2) Bitcoin Will Soon Shatter $250,000 Per BTC in 18 Months, Says Billionaire Tim Draper. Evaluating Bitcoin as a Store of Value.
STABLECOINS
KuCoin leads $10M funding for Chinese yuan stablecoin issuer.(3) National Australia Bank Successfully Carries Out Self-Issued Stablecoin Transaction.
ALTCOINS
Ripple XRP Price is Starting to Look Bullish. Cardano (ADA) Signals New Upswing as Crypto Investors Buy the Dip. Dogecoin (DOGE) Bulls Set to Take Control After Big Slump. Dogecoin (DOGE) Now Worth More Than Credit Suisse. Should You Trust This Polygon (MATIC) Price Rally?
EXCHANGES & BANKS
Coinbase Announces Banking Partnership with Standard Chartered Amid Singapore Expansion(2) and Brian Armstrong Reveals Coinbase’s 5-10 Year Game Plan As COIN Stock Rallies. Australia's Treasury and Reserve Bank Held Consultations With Coinbase, Others.(2) Signature Bank Was Under Criminal Investigation Before Its Collapse.(5) DOJ and SEC to probe SVB collapse and insider stock sales. Who Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner? Financial Giant Credit Suisse on Verge of Collapse As Bitcoin Banking Narrative Takes Hold. Silvergate Wasn't Cut Off From Loans, Lender Says.
OPINION: Crypto Must Do Better to Be Banked, Say Industry Executives. When Will Crypto Learn From the Mistakes of Banks? 'We're trying to save crypto from the banks': Circle CEO Allaire. Don’t Get Your Hopes Up: SVB's Demise Won't Bring Interest Rates Down.
LEGISLATION/REGULATION/TAXATION
SEC to vote on cybersecurity, consumer privacy rule proposals. Europol shuts crypo tumbler ChipMixer, seize $46m in bitcoin.(5) UK taxpayers must file crypto profits separately from 2025.(2) US lawmaker Rep. Tom Emmer accuses FDIC of using banking instability to attack crypto.(2) U.S. Lawmakers Digging Through Crypto Legislation for Bipartisan Winners: Senator. Gensler suggests proof-of-stake tokens are securities.
LEGAL CASES
Voyager-Binance.US' $1B Deal Should Be Halted, U.S. Government Says.(4) Ripple Lawsuit: SEC Underestimated 'Fight' Inside XRP Holders, John Deaton Says, but if they don't win other crypto companies are in jeopardy. Sam Bankman-Fried wants FTX to prioritize covering his legal bills.
ATTACKS/HACKS/SCAMS
Hacker Steals $390K From Poolz Finance Just Days After $180M Euler Finance Exploit. Euler Finance’s offer to hacker: Keep $20M or face the law.(3) SEC, DOJ charge businessman Guo Wengui connected to Steve Bannon with fraud involving crypto.(2)
WATCH
LISTEN
Podcast of the Day: BTC121: Bank Failures & Bitcoin w/ Steven McClurg | Bitcoin Fundamentals
Other Podcast
- US Banks Are Breaking and All Roads Lead To Bitcoin | Bitcoin Magazine
- Brett Harrison on how the meltdowns of Silvergate and Signature can reshape crypto | The Scoop
- The Banking System Broke; Will That Force a Fed Pivot? | The Breakdown
- The U.S. Banking System, Federal Reserve, & USDC Post-SVB Collapse with Ram Ahluwalia | Bankless
- gm: Coinbase's Top Lawyer Gets Real | gm
- Bitcoin Mining Stocks Rally As Fed Bails Out SVB | Anthony Power | The Mining Pod
