19 Sep: Do Kwon On The Run!

19 Sep: Do Kwon On The Run!

By theinspired | Inspiration | 19 Sep 2022


"You can find peace amidst the storms that threaten you."
- Joseph B. Wirthlin

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Happy Monday Folks! Well it appears Do Kwon (Terra Founder) is on the run even though he says he's not on the run. Bitcoin seems to be joining him as it plunges below $19K (guess i was wrong about the color of the candle) and it appears $16.7K is now being looked at as the bottom; wouldn't hurt to set a limit order for $16.9K. The overall Crypto market is a bloodbath with $432M in liquidation; which means a bunch of levered traders lost money. Now that Ethereum is done, it's time to see what Cardano can do with its Vasil Hard Fork upgrade; will it go as smooth? As a result of the upgrade there should be data sharing capabilities and reduced cost on the Blockchain. Dive into the rest of the news below.
POD: What Bitcoin Did: The Quantum Threat to Bitcoin Revisited with Richard Murray

Trending

CRYPTO MARKET

  • The week ahead's three biggest cryptocurrency stories (TB)
  • Data suggests crypto market could be approaching the next altcoin season (Finbold)

BITCOIN & ETHEREUM

Positive

  • ‘Bitcoin Rainbow’ chart marks $16.7k as bottom, hints at a pot of gold in most bullish scenario (Finbold)
  • Bitcoin May Retest $20,000 Zone Before It Drops To $18,000 Level (NewsBTC)
  • Investors are ‘in’ to ‘buy the dip’ as Bitcoin and Ethereum crash, data reveals (Finbold)
  • Ethereum ($ETH) Has Outperformed Bitcoin ($BTC) by 28% in Past 3-Month Period (Cryptoglobe)
  • Solitaire, Counter-Strike, Snake: How casual gaming could be a ‘huge’ Bitcoin on-ramp (Cointelegraph | Coindesk)

Neutral

  • Bitcoin (BTC) Price Needs To Hold $18,000 At All Means, Why So? (NewsBTC)

Negative

  • Bitcoin (BTC) at Risk of Falling to Multi-Year Low After Likely Interest Rate Hike (BIC)
  • Bitcoin Falls to Lowest Level in 3 Months As Market Awaits Outcome of FOMC Meeting (Cryptoglobe | TB)
  • Bitcoin, Ethereum crash continues as US 10-year Treasury yield surpasses June high (Cointelegraph)
  • Bitcoin is trapped in a downtrend, but a ‘trifecta of positives’ scream ‘deep value’ (Cointelegraph)
  • Why Is Ethereum (ETH) Underperforming Bitcoin (BTC) Since The Merge? (BIC)
  • As Ether, Bitcoin Wilt, Trading Firms Blame Lack of Bullish Catalyst for Market Swoon (Coindesk)

ALTCOINS & STABLECOINS

  • Price analysis 9/19: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB (Cointelegraph)
  • Centralization Fears Mount as Over 80% of Ethereum Blocks Were Relayed by Flashbots (BIC)
  • Ethereum (ETH) & Solana (SOL) Become Most Staked Crypto Assets (BIC)
  • XRP Price Rallied 7%, Is It Gearing To Test The Next Resistance? (NewsBTC | UToday)
  • XRP price risks 30% decline despite Ripple's legal win prospects (Cointelegraph)
  • Why Cardano (ADA) Could Crash Below $0.40 Before Vasil Upgrade (BIC)
  • Solana outperforms Ethereum in daily transactions in Q2: Nansen report (Cointelegraph)
  • Stablecoin Adjusted On-Chain Volume Reaches New Highs, Are They Threatening Financial Stability? (BIC)
  • Launching stablecoin without a license in Australia could be an offense soon, here’s why (Finbold)

POST MERGE

  • Here's One Significant Improvement to ETH Network Following Merge, per Glassnode (UToday)
  • Does the Ethereum Merge offer a new destination for institutional investors? (Cointelegraph)
  • $ETH: Star Trek’s William Shatner Congratulates Vitalik on Ethereum Going ‘Green’ (Cryptoglobe)

CARDANO VASIL HARD FORK

ANALYST'S CORNER

Positive

  • Capo: Crypto Strategist Who Nailed 2022 Bitcoin Meltdown Predicts Imminent BTC Rally – Here’s His Target (TDH)
  • Michael van de Poppe: Trading expert says Cardano run towards $1 in play around Vasil hard fork (Finbold)

Neutral

  • Rekt Capital: Crypto trading expert says Bitcoin bottom to occur ‘in Q4 this year’ as new lows loom (Finbold | NewsBTC)

Negative

  • Goldman Sachs' bearish macro outlook puts Bitcoin at risk of crashing to $12K (Cointelegraph)
  • Justin Bennett: Seasoned Price Action Trader Says Bitcoin Price Headed For $12,000 – $5,000 Crash Floor (ZyCrypto)
  • Nicholas Merten: Bitcoin is Heading to $14,000: Here’s Why According to DataDash (CryptoPotato | TDH)

NOTABLE VOICES

  • Evan Van Ness: Implies Bitcoin Is More Centralized Than Ethereum (UToday)
  • Congressman Sherman: Regulation Will Make Crypto ‘The Pet Rock of the 21st Century’ (Cryptoglobe)
  • Robert Kiyosaki: New Crucial Reasons for Bitcoin Purchasing Named by Legendary "Rich Dad, Poor Dad" Author (UToday)
  • Charles Hoskinson: There’s No Going Back on Cardano Upgrade, Details Project Outlook for Next Three to Six Months (TDH)

ACQUISITION/PARTNERSHIPS

  • ZEBDEE Partners With Slice To Allow You To Earn Bitcoin While Browsing the Web (Cryptoglobe)
  • Bitcoin miner Bitdeer bought Singaporean maximum-security vault Le Freeport: Report (TB)

MINING

  • Quebec’s Mohawk Council of Kahnawake explores Bitcoin mining via hydro-power (Finbold)
  • Applied Blockchain extends Marathon contract by 70 megawatts as it breaks ground in North Dakota (TB)
  • Bitcoin Miners & Holders Double Down Despite Bear Market Downturn (BIC)
  • Investment Opportunity with New 3nm ASIC Miners (Bitcoinist)
  • Bitcoin mining stock report: Monday, September 19 (TB)

LEGISLATION/REGULATION

  • Treasury Department Recommends More Research on U.S. CBDC To Develop Future System of Payments (TDH)
  • British regulator lists FTX crypto exchange as 'unauthorized' firm (Cointelegraph | BIC | CryptoPotato | Coindesk)  
  • Australian Senator Includes China’s Digital Yuan CBDC Requirements in New Digital Assets Bill (BIC | EWN | Coindesk)
  • Explained: 9 errors in White House’s report on climate implications of crypto mining (Finbold)
  • Americans Understand Crypto Risks, but Not Regulations, Survey Finds (Blockworks)
  • Russian official says bill to give businesses leeway in use of crypto internationally (Cointelegraph)

LEGAL BATTLES

  • SEC and Ripple each seek ruling in long-running unregistered securities case (TB | UToday | Blockworks | TDH)

ATTACKS/HACKS/SCAMS

  • Profanity tool vulnerability drains $3.3M despite 1Inch warning (Cointelegraph | TB | Bitcoinist)
  • Number Crypto Scams On YouTube Explodes 335% In First Half Of 2022 (Bitcoinist)
  • Panda DAO says it will dissolve and return investor's assets due to internal strife (Cointelegraph)

LISTEN

  • The Wolf Of All Streets: Co-Founder Of Ethereum Anthony Di Iorio: Centralization Is Still The Biggest Issue
  • Stephan Livera Podcast: SLP414 Matt Hill RaspiFUD or fact? Bitcoin nodes and security
  • The Scoop: Why crypto domain names could evolve into the internet's first identity system
  • On The Brink: Steven Goldfeder (Offchain Labs) on Building Arbitrum
  • Bankless: 137 - The Psychology of Crypto with Morgan Housel
  • Bitcoin Explained: Bitcoin, Explained 64: HD Wallets, Mnemonic codes and SeedQR
  • Decrypt Daily: Sept 19: Bloody Monday

     

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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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