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Follow Dat Money | Crypto Projections
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Happy Monday Folks! Over the weekend, QuadrigaCX creditors were set to receive 13% of their claims as an interim dividend; price of Bitcoin is currently at $27,401. The fear and greed index inches a tad to 50 and the best performing asset for the past 24 hours is $BTC up 0.10%; in position #1. Let's get on to the news...
Trending News Topics:
- PTJ will stick with Bitcoin (7)
- 1M Wallets hold one Bitcoin (5)
- DOJ Crackdown (5)
Sink or swim at $27K? 5 things to know in Bitcoin this week (Cointelegraph):
- Bitcoin price weekly close offers mixed signals
- Litecoin leads Bitcoin, altcoin "continuation"
- Flood of Fed speakers culminates with Chair Powell
- BTC mining difficulty set to resume all-time highs
- Sentiment flush accompanies market cooling
CRYPTO
Crypto Investment Funds See Outflows for Fourth Consecutive Week.(3) Most Pro Investors Not Invested in Crypto, but About Half Consider Entrance Via ETPs. Give Crypto the Presidential Stage. Bloomberg Report Finds Serious Problems With Crypto Companies.
BITCOIN
Bitcoin price hits $27.2K, but new analysis warns more losses 'likely' and won't go higher until it hits $28.5K 4 alarming charts for Bitcoin bulls as $27K becomes formidable hurdle. However, Bitcoin could be a top 3 asset in the event of US debt default. Bitcoin Holds Above 200-Week Average as Dollar Index Rallies Most Since February. Bitcoin (BTC) to Retest $28,000 Price Level, Shows Skew's Analysis.(3) This Bitcoin options strategy allows early bird traders to prepare for BTC’s next breakout.
Bitcoin transaction fees plummet as Ordinals hype fizzles out. Debunking Bitcoin Transaction Fee Myths: Expert Udi Wertheimer Explores Role of Urgency and BRC-20 Tokens. Going Full Bitcoiner: 1 Million Addresses Now Own 1 BTC or More.(5) Exploring 40 countries with Bitcoin: The truth about traveling the world using BTC.
Miner Bitfarms Sells $28.5M Worth of Bitcoin to Clear Debts. You Can Mine Bitcoin From Your Pocket for Less Than $400. Crypto Mining Data Center Soluna Stock Surges After $14M Investment Deal.
Bitcoin’s Next Frontier: Revolutionizing the Future of Global Transactions.
Opinion: Value of Bitcoin Becoming More Obvious As People Realize Banks Are Risky, Says Macro Guru Lyn Alden.(2) Bearish Investor Sentiment Could Spark Bull Rally, Says Fundstrat. Billionaire Paul Tudor Jones Says Bitcoin Is Less Attractive Now but he will stick with it; recession looming but stock market to end the year higher.(7)
Question: Are ZK-proofs the answer to Bitcoin's Ordinal and BRC-20 problem?
ETHEREUM
Ether Holders Embrace Near Month-Long Wait for Staking ETH and Ethereum staking returns soar to record-breaking levels. Ether Falls Silent As Ethereum Suffers 2 Network Disruptions Within 24 Hours. Ethereum (ETH) Price Dips, Exchange Supply Hits Historic Lows.
Question: End of Ethereum? Here's What Finality Issue Is Really About.
STABLECOINS & CBDCs
Tether boasts of its financial stability after strong profits, money moved out of banks. Samsung and Bank of Korea Strengthen CBDC Partnership. G7 Finance Officials Voice Guarded Support for CBDCs.(2)
Opinion: Tether Boasts Record Profits—But Reserve Claims Remain 'Dubious', Says Former SEC Attorney
ALTCOINS
Ripple (XRP) Price Holds Key Support. Cardano (ADA) Price at a Crossroad; eyes big fund flow amid turbulent Crypto market.(2) Dogecoin Sees Massive Spike in Network Activity. Daily Dogecoin Transactions Briefly Beat Bitcoin After DRC-20 Tokens Bark.(2)
Question: Solana (SOL) Price Set for an Upward Move?
EXCHANGES
Coinbase Buffs Up With Big-name Advisory Board.
LEGISLATION/REGULATION
U.S. crypto firms set sail to Bermuda amid dark and stormy US regulatory environment. U.S. DOJ's Crypto Enforcement Director Eun Young Choi Promises Crackdown on Illicit Behavior on Crypto Exchanges: FT.(5) G-7 Finance Ministers Discuss Crypto Regulation Ahead of Japan Summit Next Week. G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets. Crypto Industry Bets on New Supreme Court Doctrine to Push SEC Out. SEC Commissioner Issues Warning, Says US About To Fall Behind Europe and UK in Crypto Industry.
LEGAL CASES
Ripple Chief Legal Officer Counters SEC Case That XRP is a Security and SEC Made Mention of Ripple Escrow Holding, Crypto Lawyer Highlights. SEC revises $22M punishment against LBRY, seeks $111K instead.(4) Bankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment. Bankrupt BlockFi to Dissolve Cryptocurrency Lending Platform.(4) BlockFi Claims Against FTX, Alameda 'Largest Driver' of More Than $1B in Asset Recoveries, Firm Says. Lawmaker Kim Nam-kuk Crypto Scandal Leads to Upbit, Bithumb Raids.(2) XRP Lawsuit Sees New Twists And Turns As Ripple’s Counsel Exposes SEC’s Slippery Slope in Crypto Regulation. U.S. Prosecutors Drop Extortion Charges Against Early Adviser to Ethereum Network.
ATTACKS/HACKS/SCAMS
Crypto Hacks and Cyberattacks Fund About 50% of North Korea’s Missile Program. Japan leads world in losses from North Korean crypto hacking with 30% of total. How This Scammer Stole Over $15M Worth of Crypto. US strips Ethereum dev Virgil Griffith of export privileges for 10 years.
WATCH
LISTEN
Podcast of the Day: SLP478 Debunking Digiconomist on Bitcoin Mining with Ben Gagnon | SLP
Other Podcast
- The Utter Folly of Biden's Proposed Bitcoin Mining Tax | The Breakdown
- Why Is Solana So Popular? | Anatoly Yakovenko | TWOAS
