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Happy Monday Folks! Light news day once again but the most covered news of the day is about SBFraud not fighting extradition and over the weekend news came out that Nigeria might make Bitcoin legal. Meanwhile, Bitcoin continues to consolidate right under $17K, some seem to believe a reversal is in the making but as always be patient, things can change quite rapidly in this market. Ethereum whales transfer nearly $30MM after 5 years of inactivity; what does it mean? Dunno.  However, here are five things to know in Bitcoin (Cointelegraph):

• BTC spot price: 'Capitulation' or 'slow grind?'
• New U.S. data due as analysis predicts risk asset dive
• Binance CEO calls 'FUD' as foul play claims continue
• Miners up the competition
• Sentiment predicted to fall to 2022 lows

WATCH

LISTEN

Podcast of the Day: SLP443 Conza - Clearing up Bitcoin Misconceptions | Stephan Livera

Other Podcast

• a16z’s Chris Dixon on the state of the crypto market: Exclusive | The Scoop
• Aleks Svetski: Fire, Bitcoin, Teleportation | Bitcoin Matrix
• 149 - Ethereum in 2023 with Vitalik Buterin | Bankless

SOURCES

CRYPTO MARKET

• US Senate banking chair floats possibility of banning crypto (Cointelegraph | Bitcoinist | CryptoPotato | TDH | ZyCrypto)
• Next House committee chair reintroduces bill on crypto innovation (Cointelegraph | TB)
• Crypto’s regulatory fate will be decided in the year ahead (Cointelegraph)
• Coinbase Offers Recommendations on Global Crypto Regulatory Framework (TDH | Cointelegraph | TB | TDH)
• What is crypto market capitulation and its significance (Cointelegraph)
• More crypto exchanges likely to 'blow up' like FTX, Wave Financial CEO says (TB)
• First Accountants Now Insurers Turn Their Backs on Crypto Clients (BIC)
• The Biggest Story in Crypto in 2022: Contagion—From Terra to FTX (Decrypt)
• Peak Crypto Market Negativity Could Be a Bottom Signal, Historical Data Suggests (Cryptoglobe)

BINANCE

• Boris Johnson's Brother Quits as Binance Adviser (Coindesk | UToday | TB | CryptoPotato)
• Binance acquires 100% of Indonesian Tokocrypto after initial investment in 2020 (Cointelegraph | TB | BIC)
• Big Four Accounting Firms ‘Unwilling’ to Audit Binance Despite Long History With Coinbase (BIC)
• Former SEC Official Says Binance's Finances Are Even More Opaque Than Those of FTX (UToday)

BTC

     Price

• Bitcoin Trades Below $17K Following Disappointing Weekly Close (Market Watch) (CryptoPotato)
• Bitcoin (BTC) Price Stands on the Brink of a Major Movement – but Which Way Will It Turn? (BIC)
• Bitcoin Open Interest Falls 8%, Can BTC Still Finish Strong? (Bitcoinist)
• Why Bitcoin Could Return to $17,000 In the Short Term (NewsBTC)
• $16K retest the most likely path for Bitcoin, according to 2 derivative metrics $16K retest the most likely path for Bitcoin, according to 2 derivative metrics  (Cointelegraph)
• Bitcoin and Ethereum prediction: What triggers can drive price action? (Finbold)

     Adoption

• Nigeria Might Support Bitcoin And Cryptocurrencies, New Report Shows (Bitcoinist | Coindesk | BM | BIC)

     Grayscale

• Grayscale may return some capital to investors if GBTC's ETF dreams fail: WSJ (TB | Coindesk | Blockworks | CryptoPotato | Cointelegraph | TDH)
• Grayscale May Be Preparing to Liquidate 600,000 BTC Stash After Failed GBTC ETF (BIC | TDH | NewsBTC)

     Voices

• Here’s What’s Next for Bitcoin and Ethereum in 2023 and 2024, According to Macro Guru Raoul Pal (TDH | Cryptoglobe)
• Commodity guru Mike McGlone says ‘warm spell ahead’ for Bitcoin; 2023 BTC outlook (Finbold)

     Mining

• Bitcoin mining jumps 3.27% after substantial dip. What does luck have to do with it? (TB)

     Misc

• The 10 Biggest Developments in Bitcoin in 2022 (Coindesk)

ETH

• Can Ethereum Prevent More Losses As Altcoin King ETH Slips 7% In Last 7 Days? (NewsBTC)
• Ethereum Whales Transferred Nearly $30M Worth of ETH After 5 Years of Inactivity (BIC | Cointelegraph | NewsBTC | CryptoPotato)
• Quant Analytics Firm Warns of Potential Mass Sell-Off Event for Ethereum (ETH) – Here’s When (TDH)
• Ethereum’s Vitalik Buterin Names Three ‘Huge Opportunities’ in Crypto Right Now (TDH | Cointelegraph | BIC | ZyCrypto)
• PayPal Partners With Crypto Firm ConsenSys To Create Convenient Way To Buy Ethereum (ETH) (TDH)

BNB

• Binance Market Share Bounces Back, BNB Price Consolidating (Blockworks)
• Binance Smart Chain User Activity Tanks, Why BNB Price Could Suffer (NewsBTC)

XRP

• XRP To Decline Further? Whales Deposit $32 Million To Coinbase (Bitcoinist)

ADA

• This Cardano (ADA) Bearish Signal Could Lead to 40% Drop (BIC)
• ‘ADA Whale’ Says ‘Buying Today and Staking It Is a Bit Like Mining Bitcoin in 2013–15’ (Cryptoglobe)

MATIC

• Polygon's next web3 play is an NFT debit card (TB)

LTC

• Litecoin Continues To Slide, Now Below Shiba Inu In Market Cap (NewsBTC)

FTX FIASCO

• Sam Bankman-Fried Expected To Give Nod To U.S. Extradition (Bitcoinist | Blockworks | CryptoPotato | Coindesk | CNBC | Cointelegraph| EWN | Cointelegraph | TB | CryptoPotato)
• The FTX disaster has set back crypto by ‘years’ — here are 3 ways it could reshape the industry (CNBC)
• Guggenheim Partners Chair Says FTX Contagion Is Still Active (Bitcoinist)
• Sam Bankman-Fried's Bahamas Court Appearance Adds to Confusion (Coindesk)
• Alameda gave $400 million to startup based in SBF's Bahamian condo community: CoinDesk (TB)
• FTX-Linked Crypto Firms Are Getting Pushback From Insurers (Bitcoinist)