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16 Aug: Lingering Around

"If fear is cultivated it will become stronger, if faith is cultivated it will achieve mastery."
- John Paul Jones

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Happy Tuesday Folks! Bitcoin is lingering around $24K and it keeps trying to make a run to break through but the resistance at $25K but it is solid; can it target $27K? Bitcoin is trading around $24,041.83 and a couple of indicators are suggesting a reversal is coming with a "final flush" of sellers. XRP is sluggish at resistance and Cardano brings highest level of profits since March; Doge (smh) sprints 30% in a month and is back in the top 10 on CoinMarketCap. Investors are dumping USDC for USDT - not looking good for the flipping. 

Yesterday the big stories that continue to blend over to this morning is Brazil’s largest brokerage, XP, launches Bitcoin, Ether trading and today, Latin America's biggest investment bank Pactual launches Crypto trading platform; see what's happening? More onramps to shift Fiat into Bitcoin. 

Tornado Cash is a new challenge for sanctions compliance, while Celsius is running out of money and their $750MM insurance is a lie; trouble lender Hodlnaut files for creditor protection. Cardano is driving widespread adoption of NFTs and Ripple is powering remittances between Japan and Thailand. Crypto miner Prime Blockchain SPAC fizzles out. 

With the good comes the bad and BitBoy is suing Atozy; so much drama. 


  • XRP Classified as "Digital Currency" by Goldman Sachs, Wells Fargo and HSBC: Report (UToday)
  • Ripple Recognized as One of America's Fastest-Growing Private Companies (UToday)
  • Here Is How XRP Took up 60% of Total Volume on One of Largest Latin American Crypto Exchanges (UToday)
  • Worried about inflation's impact on your retirement savings? Invest in cryptocurrency (Cointelegraph)
  • What Happened to Bitcoin’s Satoshi? New Token-Funded Film Aims to Find Out (Decrypt)
  • Fed: Banks should notify Reserve Board before engaging in crypto activity (TB | Bitcoinist)


  • Bitcoin Price Trades A Little Over $24,000, Can It Target $27,000? (NewsBTC)
  • Bitcoin (BTC) Makes Failed Attempt at Breakout Move Above $25,000 (BIC)
  • Expansion of short-term BTC holders suggests ‘final flush’ of sellers (Cointelegraph)
  • Bitcoin (BTC) on-Chain Analysis: Lifespan Indicators Suggest Reversal Is Coming (BIC)
  • First Mover Americas: BTC Dips Below $24K as Ether Holds Strength (Coindesk)
  • Crypto Twitter Sees 'Bearish Wedge' Pattern in Bitcoin's Price Recovery (Coindesk)
  • Is Bitcoin really a hedge against inflation? (Cointelegraph)
  • Bitcoin traders anticipate new yearly lows after BTC’s $25K rejection — Data disagrees (Cointelegraph)


  • Buenos Aires Will Run Ethereum Validators Starting in 2023 (Blockworks)
  • How The Ethereum Merge Is Boosting ETH Market Dominance (Bitcoinist)
  • Why Coinbase Will Pause Ethereum Transactions During “The Merge” (Bitcoinist | Finbold | Blockworks | Decrypt)
  • Ethereum Classic (ETC) Total Value Locked Doubles Ahead of Ethereum (ETH) Merge (BIC)
  • Ethereum Fork May Be Doomed To ‘Fail,’ but Chandler Guo Is All In. Again. (Blockworks)



  • XRP Sluggish At Resistance – Will It Break Out After 2 Months Of Vertigo? (NewsBTC)
  • Cardano (ADA) Brings Highest Level of Profits Since March, Bulls Are Pushing Up (UToday)
  • Solana (SOL) price is poised for a potential 95% crash — Here’s why (Cointelegraph)
  • DOGE sprints 30% in a month adding $3 billion to its market cap (Finbold | UToday)
  • Dogecoin Foundation Director hails new Libdogecoin test on Android and iOS devices (Finbold)
  • Dogecoin and other dog-themed memecoins rally while crypto market cools off (TB)
  • Dogecoin Continues Weekend Rally, Up 22% in the Last Week (Decrypt)
  • Dogecoin (DOGE) Breaks Out From 441 Day Pattern (BIC)
  • Investors Dump $1.6B in USDC for USDT Amid Regulatory Clampdown (BIC)
  • USDT market cap up by $2 billion following Tornado Cash debacle (Cointelegraph)
  • Optimism fading? Regulatory discussion on stablecoins postponed until Fall (Cointelegraph)


  • Capo: Analyst Who Called Bitcoin Collapse This Year Issues Fresh Warning for Altcoin Traders (TDH)
  • Santiment: Crypto Analytics Firm Says Cardano ‘Is Seeing Its Most Positive Sentiment Since April’ (Cryptoglobe)
  • Crypto Traders Bet on Ether Staking Yields Jumping to 8% Post-Merge (Coindesk)
  • FSInsight: Ether May Well Surpass Bitcoin’s Market Cap in Next 12 Months (Coindesk)
  • Raoul Pal: Ex-Goldman Sachs Executive Predicts Ethereum (ETH) Explodes Through $2,000 Level As Macro Climate Shifts (TDH)
  • InvestAnswers: Top Analyst Says Ethereum Rival Solana (SOL) Should Be Worth More, Believes Crypto Markets Won’t Revisit Lows (TDH)


  • Jurrien Timmer: Fidelity’s Director of Global Macro: Stablecoin Regulation Will Increase Institutional Adoption of Crypto (Cryptoglobe)
  • Edith Yeung: Race Capital’s General Partner expects ‘warm crypto winter’ will drive away short-term traders (Finbold)
  • Sam Bankman-Fried: FTX CEO Names Use Cases That Give Crypto the ‘Bulk of Its Power’ (TDH)


  • TRM Labs says Tornado Cash action is a ‘new challenge for sanctions compliance’ (TB)
  • The Downside of Sanctioning Tornado Cash (Coindesk)
  • Tornado Cash Sanctions Are Spiraling Into Compliance Nightmares (Coindesk)
  • Tornado Cash US Ban Is ‘Bad Precedent,’ but Monero Was ‘Made for This’: Cake Wallet Exec (Coindesk)
  • Coin Center to Seek Legal Redress Over Tornado Cash Sanctions (BIC)


  • Celsius’ $750 million insurance is a lie and the claim is ‘intentional deception’, says lawyer (Finbold)
  • Celsius Lost Over $100 Million In Grayscale Bitcoin Trust Trade: Financial Times Report (EWN)
  • Celsius CEO 'took control' of trading strategy in January and clashed with staff: FT (TB | Cointelegraph | TDH)
  • Crypto Lender Celsius On Pace to Run Out of Cash by October (Coindesk)
  • Troubled crypto lender Hodlnaut files for creditor protection in Singapore (TB | Cointelegraph | BIC | Coindesk)
  • BlockFi tops the Inc. 5000 list with almost 250,000% revenue growth in three years (Cointelegraph)


  • Luxury resort chain now accepts Bitcoin and Ethereum as payment in Maldives and Thailand (Finbold)
  • Public Pension Funds Continue To Show Interest in Cryptocurrency Investments Despite Downturn: Report (TDH)
  • Houston Texans becomes first NFL team to sell game suite with crypto (Cointelegraph)



  • $ADA: IOG and NMKR Join Forces To ‘Drive Widespread Adoption of NFTs on Cardano’ (Cryptoglobe)
  • Ripple to Power Remittances Between Japan and Thailand via New Partnership (UToday | ZyCrypto)


  • Latin America’s Biggest Investment Bank Pactual Launches Crypto Trading Platform (BIC | Coindesk | TB | ZyCrypto)
  • Huobi to End Crypto Derivatives Trading in New Zealand (Coindesk)
  • secures UK registration for ‘cryptoasset activities’ (Cointelegraph | CryptoPotato | Coindesk | EWN)
  • Second Layoff Round at Worse than June Cuts: Sources (Decrypt)


  • Bitcoin miners hodl 27% less BTC after 3 months of major selling (Cointelegraph | Finbold)
  • Crypto Miner Prime Blockchain’s $1.25B SPAC Deal Fizzles Out (Blockworks | TB | Coindesk)
  • Bitcoin miner Riot posts $366.3 million net loss in second quarter (TB | BM)


  • Crypto Investment Firm Digital Currency Group Registers Executive as Lobbyist (CoindeskTB | TDH)



  • The Breakdown: The Arrest Heard Round the World
  • The Wolf Of All Streets: Tornado Cash: The Piece Of Code That Sparked A Worldwide Battle For Privacy And Freedom Of Speech
  • What Bitcoin Did:  Who Needs Bitcoin? With Junseth
  • Stephan Livera Podcast: SLP406 Adi Shankara Bitcoin Needs Technologists & Summer of Bitcoin
  • Untold Stories: The Death of Maximalism with George Harrap
  • Unchained: Coinbase CPO Surojit Chatterjee Explains Why He Believes the Exchange Will Win
  • Bankless: Ethereum’s Progression with Hudson Jameson | Layer Zero

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I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post. If you want to sign up for SMS alerts - text CRYPTO to +1 (214) 380-2013.

The Crypto Curator
The Crypto Curator

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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