16 Sep: Regulatory Clarity Coming?

16 Sep: Regulatory Clarity Coming?

By theinspired | Inspiration | 16 Sep 2022


"If you are lucky enough to find a way of life you love, you have to find the courage to live it."
- John Irving

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It's Fridayyyy Folks! We have now entered the Post-Merge era and Bitcoin seems to be poised to pop as the MACD is pushing to cross on the 4hr chart. I expect a bullish weekend despite the current economic environment where $30B left the crypto market in the past 24 hours.

Breaking news is that the White House just put out a framework on regulating Crypto which could be a step in the right direction. Meanwhile, the most covered news of the day remains in the same theme as the Gary Gensler warns Ethereum update could classify $ETH as a security; shocker. Celsius files for approval to sell stablecoin stash to fund operations.

It appears President Bukele will run for re-election, the Digital Dollar is coming, and Voyager assets might be acquired by FTX. 

POD: Unchained: Did the Merge Make Ethereum 'the Most Secure Blockchain in the World'?

WHITE HOUSE FRAMEWORK

  • Biden White House just put out a framework on regulating crypto (CNBCTB | BIC | EWN | Cointelegraph | Finbold | Blockworks | TDH)
  • Blockchain Association calls White House's crypto framework a 'missed opportunity' (Cointelegraph)
  • Here are all of the Biden administration's crypto reports (TB)
  • ‘Outdated and imbalanced’: Crypto industry, lawmakers slam Biden administration reports (TB)

Trending

BITCOIN & ETHEREUM

  • Bitcoin (BTC) Looks Poised to Break out From This Pattern in Short-Term (BIC)
  • Bitcoin price threatens $19.6K as Ray Dalio predicts 30% stocks crash (Cointelegraph | NewsBTC)
  • Bitcoin exchange inflows see biggest one-day spike since March 2020 (Cointelegraph | Finbold)
  • Data challenges the DXY correlation to Bitcoin rallies and corrections ‘thesis’ (Cointelegraph)
  • TA: Ethereum Key Indicators Suggest A Strengthening Case For More Losses (NewsBTC)
  • The floppening? Ethereum price weakens post-Merge, risking 55% drop against Bitcoin (Cointelegraph)
  • Ethereum Continues to Sink Post-Merge: Down 18.5% in 3 Days (Decrypt)

ALTCOINS/STABLECOINS/CBDC

  • Global inflation mounts: How stablecoins are helping protect savings (Cointelegraph)
  • How Stablecoin Innovation Could Offer a Hedge Against Inflation (BIC)
  • US Treasury report encourages instant payment, recommends more CBDC research (Cointelegraph)
  • Amazon among five companies to develop digital euro prototype for the ECB (TB | Cointelegraph)

POST MERGE

  • Ethereum Merge Has Tied Ether Futures Activity to Staking Yields, Traders Say (Coindesk)
  • ‘Green ETH’ narrative to drive investment and adoption, say pundits (Cointelegraph)
  • Kraken: ETH unstaking ‘not available’ until the Shanghai upgrade in 6 months (Finbold | UToday)
  • Ethereum Miners Are Quickly Dying Less Than 24 Hours After the Merge (Coindesk)
  • Ethereum may now be more vulnerable to censorship — Blockchain analyst (Cointelegraph)
  • The Merge To Proof-of-Stake Slashes Ethereum’s C02 Emissions by 99.99% Overnight: Crypto Sustainability Firm (TDH)
  • Is Ether Deflationary Now? It Depends! (Blockworks)
  • What’s next for Bitcoin and the crypto market now that the Ethereum Merge is over? (Cointelegraph)
  • Arthur Hayes: After Ethereum's Merge, The Issuance Chart Is The Only One That Matters (UToday | CryptoPotato)
  • Anatoly Yakovenko: Ethereum (ETH) Is Now ‘Prime Time-Ready’ for Institutional Investors, According to Nexo Co-Founder – Here’s Why (TDH)
  • Jake Chervinsky: $ETH: Blockchain Association’s Head of Policy Says Merge ‘Was a Significant Derisking Event’ (Cryptoglobe)

CARDANO VASIL HARD FORK

  • Here's How Cardano Will Benefit from Vasil Hard Fork (UToday)

EL SALVADOR

  • President Who Lost $56 Million in Bitcoin Trading Seeks Reelection (UToday | TB | Cointelegraph)
  • Fitch downgrades El Salvador's rating to 'CC' (TB | Coindesk)

ANALYST'S CORNER

  • Capo: Popular Crypto Analyst highlights Key Bitcoin ($BTC) Price Levels to Watch (Cryptoglobe)
  • Nigel Green: Ethereum Merge Will Drive Crypto Asset Prices Higher, According to deVere Group CEO (TDH)
  • Justin Bennett: Top Crypto Trader Sees Ethereum (ETH) and Total Market Cap Testing Support, Issues Warning on Stocks (TDH)

PEOPLE ON THE MOVE

  • Wall Street banks on a hunt for tech staff laid-off during crypto rout (Finbold)
  • Latest in Crypto Hiring: Fund Admin Firm Adds Execs To Expand Digital Asset Services (Blockworks)

CEFI/DEFI

MINING

  • Crypto Miners From US, EU Stay Put in Russia Despite War, Sanctions (Coindesk)
  • First solar-power Bitcoin mining plant opens in South Australia (Finbold)
  • Bitcoin mining stock report: Friday, September 16 (TB)

LEGISLATION/REGULATION

  • SEC's Crypto Guidance Pushes US Banks to Rethink Custody Projects: Report (Coindesk)
  • Treasury recommends 'double down' on crypto enforcement, but more guidance too (TB)
  • FSOC to report on regulatory gaps around digital assets next month (TB)
  • South Korea: Financial Watchdog Chief Says Crypto Can Be Subject to Capital Markets Law (BIC)
  • Possession of Bitcoin still legal in China despite the ban, lawyer says (Cointelegraph)
  • Crypto Addresses Tied To Russian Neo-Nazi Paramilitary Group Added To U.S. Blacklist (Bitcoinist | TDH)
  • Growing Illegal Use of Crypto Makes US Justice Department Create New Anti-Crypto Crime Network (UToday)
  • Financial stability regulators to meet on digital assets next week (TB)

ATTACK/HACKS/SCAMS

  • Twitter Verified Scam Accounts Busted for Duping Investors During Ethereum Merge (BIC)
  • Crypto investment advisor faces SEC fraud charges after raising $4.3 million (TB)

LISTEN

  • The Pomp Podcast: #1091 David Puell On If The ETH Merge Will Affect Bitcoin
  • The Breakdown: Welcome to the Post-Merge Era in Crypto
  • The Wolf Of All Streets: The New Era For Ethereum | Experts Discuss What Will Change Post Merge!
  • Decrypt Daily: Sept 15: ETH Merge is Successful! What This All Means
  • What Bitcoin Did: Bitcoin Security & Freedom with Pascal Gauthier
  • Bitcoin Audible: Read_654 - A Bitcoiner's Guide to Proof of Stake [Scott Sullivan]
  • Stephan Livera Podcast: SLP413 Jevi - It’s Time for Bitcoin Self Custody
  • The Scoop: FTX’s Brett Harrison unpacks how regulatory uncertainty holds back the crypto industry
  • On The Brink: Weekly Roundup 09/16/22 (Merge makes it, Chainalysis crypto adoption report, Starbucks NFTs, Coinbase grades Congress)
  • Bankless: ROLLUP: Ethereum Merge Breakdown | Starbucks Polygon | Solana NFTs | Do Kwon Arrest | Binance zkRollups

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theinspired
theinspired

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.


Inspiration
Inspiration

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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