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Happy Tuesday Folks! Many are discussing if this pump is real of fake. While the sentiment says fake, I believe it's real; Capo says don't trust it. BTC broke above 106 day resistance line with some volume and $23K could be next. However, the bears are lurking and some analysis say Bitcoin could drop back down to $19K if the pattern plays out. Grayscale believes the currency Crypto bear market could last another 8 months. Another Billionaire says Bitcoin goes to Zero (YAWN.) Meanwhile, Ethereum is crushing everything around it, currently up 36% in the past 7 days; best performing asset in the Top 10 on Coinmarketcap. 

The CeFi Contagion continues as Celsius officially is now in bankruptcy and they received approval for their mining operations. However, their lawyers made it clear - NOT YOUR KEYS NOT YOUR COINS! Three Arrows Capital (3AC) is claims $2.8B as liquidation process intensifies. 

In the world of Bitcoin mining, Marathon has secured facility space to amp up mining to 200Mw so you know what they say, price follows hashrate? Also if you are not keeping up with the primaries (I now many of you might not be political) but it's important to speak to your representatives and more importantly candidates running for office. In Jun we had a slew of primaries so check them out :) Bitcoin and Politics in June!

Bitcoin Price: $22,237.46

Keep Reading, Watching, and LISTENING! 

BITCOIN & ETHEREUM

Positive

• Bitcoin price holds $23.5K, leading bulls to say ‘it’s different this time’ (Cointelegraph | Bitcoinist)
• Bitcoin Dominance Dives As Ethereum Takes Up More Space (NewsBTC)
• Bitcoin price moves toward $24K and traders expect further upside, after a support retest (Cointelegraph | UToday | Cointelegraph)
• Bitcoin sustains short-term uptrend as risk-on assets are gaining momentum (Finbold)
• Bitcoin (BTC) Breaks Out Above 106-Day Resistance Line (BIC)
• TA: Bitcoin Price Smashes Resistance, Why $23K Could Be Next (NewsBTC | UToday | CryptoPotato)
• Ethereum whales accumulate as Merge scheduling pushes price above $1,500 (Finbold | NewsBTC)
• TA: Ethereum Rally Takes Breather But Dips Remain Attractive (NewsBTC)
• 50 fintech leaders predict Ethereum to trade at $1,711 by the end of 2022 (Finbold | NewsBTC)
• How The Ethereum Rally Is Propping Up Large Cap Cryptocurrencies (Bitcoinist)
• Ethereum (ETH) and Polygon (MATIC) Showing Growth in Key On-Chain Metrics: Analytics Firm Santiment (TDH)

Neutral

• Bitcoin Realized Price Recovers But Bears Still Lurking (BIC)

Negative

• New Finder Report Suggests Bitcoin Could Crash As Low As $13,000 Before End Of Year (ZyCrypto)
• Bitcoin (BTC) on-Chain Analysis: MVRV Gives Bottoming Signal in Negative Territory (BIC)
• Bitcoin May Reach $19,000 Again Because of This Pattern: Analysis (UToday)
• The Current Crypto Bear Market Could Last Another 8 Months: Grayscale (CryptoPotato | Blockworks | TDH)
  

BITCOIN SELF-CUSTODY IS NECESSARY FOR FINANCIAL SOVEREIGNTY 

ALTCOINS

• Ripple Co-Founder Jed McCaleb Made $3 Billion Through $XRP Sales, Estimates Suggest (Cryptoglobe | Bitcoinist)
  
• Cardano Broke Past This Important Level, Is The Coin Anticipating A Correction? (NewsBTC)
• $SOL Up 69% Since Celsius Halted Withdrawals, Crypto Analyst Loving Price Action (Cryptoglobe | Decrypt)

STABLECOINS

• Liquidity protocol uses stablecoins to ensure zero impermanent loss (Cointelegraph)
  

CEFI CONTAGION

Celsius

• Celsius first-day bankruptcy proceedings address the interim before a reorganization (TB | Coindesk)
  
• Celsius Begins Restructuring, Receives Approval for Bitcoin Mining Facility (BIC)
• Celsius lawyers claim users gave up legal rights to their crypto (Cointelegraph | CryptoPotato | Coindesk)
• Former employees say issues plagued the crypto company Celsius years ahead of bankruptcy (CNBC)
• Ex-CFTC Chairman Discusses Celsius' Bankruptcy and CBDC Adoption (Coindesk)

3AC

• 3AC borrowed and repaid more than $2 billion from Blockchain.com before outstanding debt (TB)
• Source claims 3AC's Deribit exposure is worth much less than reported (Cointelegraph)
• 3AC Co-founders Used Fund’s Assets for $50M Yacht, Bungalows (Blockworks | Decrypt)
• Three Arrows Capital Claims Near $2.8B as Liquidation Process Intensifies (EWN | Cointelegraph)
• Three Arrows Capital No Longer Has Any Bitcoin or ETH (Trustnodes)
• Three Arrows Owes Polkadot Developer Moonbeam Foundation Over $27M, Court Documents Show (Coindesk)
• Crypto Trading Firm TPS Capital Denied Ties to Insolvent Three Arrows. Court Documents Indicate a Connection (Coindesk)

Skybridge

• Skybridge halts redemptions in fund with exposure to FTX, crypto: Bloomberg (TB | CryptoPotato | Cointelegraph)

Voyager

• Court approves Voyager to pay corporate cards, but clarifies the bar for interim relief (TB)

ANALYST'S CORNER

• Will Clemente: Here’s the Most Compelling Chart in All of Crypto, According to Top On-Chain Analyst Will Clemente (TDH)
• Cred: Crypto Analyst Says Ethereum Going Through ‘Important Breakout,’ Updates Outlook on Solana and Avalanche (TDH)
• Capo: Don’t Trust This Crypto Rally, Warns Trader Who Accurately Called 2022 Bitcoin Collapse (TDH)

NOTABLE VOICES

• Thomas Peterffy: Billionaire brokerage pioneer warns ‘chances are high’ Bitcoin will ‘become worthless’ (Finbold)
• Mike Novogratz: Heart Physician Lost $1 Million with Celsius; says Crypto was more leveraged than he thought (UToday | CryptoPotato)
• 'Lunatic' Mike Novogratz: Crypto Industry 'Looks Like a Bunch of Idiots' (Decrypt)
• Brad Sherman: Urges SEC to 'go after' crypto exchanges that had traded in XRP (TB)

ACCEPTANCE

• UFC fighter will receive full salary in Bitcoin, shrugs off crypto market volatility (Cointelegraph)
  
• Technicals suggest Bitcoin is still far from ideal for daily payments (Cointelegraph)

ETFs

• ProShares Exec: Bitcoin Futures ETF a ‘Real, Robust and First-class Solution’ (Blockworks)
• Institutional Investors Add to Bitcoin Short Positions As Crypto Markets Turn Green: CoinShares (TDH)
  

BLOCKCHAINS

• Bitcoin is for billions: Fedimint on scaling BTC in the global south (Cointelegraph)
• Facebook’s Former Head of Crypto Is Now Co-Founder and CEO of a Bitcoin Startup (Cryptoglobe)
• Amazon.eth ENS domain owner disregards 1M USDC buyout offer on Opensea (Cointelegraph)
• Ethereum Name Service collector buys sony.eth ENS for $72,000 (TB)
• Busking on Bitcoin: How Lightning Network outperforms Ethereum for tipping (Cointelegraph)
• Lido Brings Staked Ether to Layer-2s (Blockworks | Cointelegraph | Coindesk)

EXCHANGES

• Binance Overtakes Coinbase: Now Holds the Most Bitcoin in the World (BIC | Bitcoinist | Cryptoglobe)
  
• Crypto.com becomes latest exchange to gain approval to operate in Italy (TB | Coindesk | BIC | Bitcoinist)

MINING

• Bitcoin miner Marathon secures new 200-megawatt hosting deal (TB | Cointelegraph | Coindesk)
• Bitcoin mining stock report: Tuesday, July 19 (TB)
• Foundry Digital Starts 'Foundry Academy' For Bitcoin Mining Training (Coindesk)
• Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogether (CNBC | BIC)
• 100X Bitcoin energy use would mean 'absurd' $20M BTC price — developer (Cointelegraph)

THE PROOF OF WORK BEHIND PROOF-OF-WORK — BITCOIN MINING PROFITABILITY DOESN’T COME EASY

LEGISLATION/REGULATIONS

• Ripple’s General Counsel: No Country, Including the US, Has Determined XRP to be a Security (EWN | TB | Cryptoglobe | Blockworks | Bitcoinist)
• Lawyer Representing Over 68,000 XRP Holders Says SEC’s Overreach Implicates All Other Crypto Assets (ZyCrypto)
• Crypto market crash gives regulation 'more urgency,' Sen. Gillibrand says (TB)
• SEC Chairman Warns Against Crypto Investment Risks, Here’s Why (Bitcoinist)
• Crypto enforcement takes center stage in SEC appearance before Congress (TB)
• Britain and US Will Cooperate on Crypto Regulation, Says Head of Financial Conduct Authority (TDH)
• Nigerian Central Bank: Crypto has changed functioning of the global financial sector (Finbold)

PODCAST

• The Pomp Podcast: #1053 Brandon Arvanaghi On Offering Corporate Treasury On Crypto Rails
• The Breakdown: The Ethereum Merge Settles In as Next Crypto Narrative
• What Bitcoin Did: Everything You Know About the Economy is Wrong with Jeff Snider
• Bitcoin Audible: Read_637 - What is Money Anyway? Part 2 [Lyn Alden]
• Unchained: Bitcoin in El Salvador: Why Would Cypherpunks Support Government-Mandated Bitcoin Adoption?
• Bitcoin Magazine: Cold Card Wallets w/NVK
• Decrypt Daily: July 18: Are We in Crypto Winter?