20 Jun: Dodged A Bullet?


“It is incredibly empowering to know that your future is in your hands.
- Keanu Reeves

brought to you by STRIKE- Get $10
Buy $BTC and Use the Bitcoin Payments Network at Zero Cost
Better than Venmo and PayPal combined

Happy Monday Folks! Coming off Juneteenth celebrations, it appears the Bitcoin market is giving us a little ray of hope as Crypto market turns green as nearly $70 billion inflows in 24 hours; Bitcoin climbs back above $20K. Did Bitcoin dodge a bullet? According to Paul Krugman no, this is just a dead cat bounce and believes Bitcoin will go to zero; which is just nonsense. Meanwhile, 13,000 "wholecoiners" have been minted in the past seven days; I'd say a lot of folks still believe in it. El Salvador's President continue to urge patience. Peter Brandt and PostyXBT are both bearish on ETH, so be careful in this market, this could be just a relief rally. 

The Tether (USDT) Stablecoin is set to carry out an audit with a top 12 firm in order to provide more transparency on its reserves. Maybe this will stop the stupid rumors about it and will continue to cement its position as #3 or even flip ETH for #2. USDC continues to be hot on its trail. 

The Contagion continues but Voyager is taking steps to avoid becoming part of the casualties it appears; SBF and Alameda Research just tossed them a lifeline. Solend has done the unthinkable and have taken over a whale's wallet; decentralized? Umm no. 

It still baffles my mind that Dogecoin remains in the top 10 but what is even more troubling is that any time Elon Musk says anything about it - it receives massive attention and some appreciation. Will it remain in the top 10 forever? 

JUST IN

  • Crypto market turns green as nearly $70 billion inflows in 24 hours (Finbold)
  • Bitcoin mints more than 13,000 'wholecoiners' in the past seven days (Cointelegraph)
  • Alameda Research lends Voyager Digital 200M USDC and 15k Bitcoin to Safeguard Customer Assets During the Bear Market (EWN | Blockworks | Cointelegraph | NewsBTC)
  • What decentralization? Solend approves whale wallet takeover to avoid DeFi implosion (Cointelegraph | TB | Blockworks)

CELSIUS RESCUE

  • Crypto Firm Celsius Addresses Community As Top Investor Details Potential Recovery Plan (TDH)
  • Celsius says it’s determined to find a resolution a week after halting withdrawals (TB | Blockworks | CNBC)
  • Celsius Lead Investor Proposes Recovery Plan for Network (BIC)

FEARS OF FURTHER CONTAGION IN THE BITCOIN MARKET

CRYPTO MARKET

  • Why This Might Be Crypto’s Worst Year Yet (ZyCrypto)
  • Marcy Residents React Poorly To Jay-Z And Jack Dorsey’s The Bitcoin Academy (Bitcoinist)
  • ‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get? (Decrypt)
  • Glassnode: $7B In Bitcoin Losses Realized In Just Three Days, Highest In BTC History (Bitcoinist | Decrypt | BIC | TDH)
  • Bitcoin Derivatives Exchange Reserve Surges Up As BTC Continues To Plunge (NewsBTC)
  • Crypto Liquidations Hit Almost $300M As Carnage Continues (Bitcoinist)
  • Sports Fans Twice as Likely to Buy Bitcoin, Ethereum, NFTs (Decrypt)
  • More Job Cuts Could Be on the Horizon, Says Coinbase Executive (BIC)
  • Companies list hundreds of new crypto jobs despite recent layoffs (TB)

BITCOIN & ETHEREUM

  • Key levels to watch for Bitcoin’s bullish continuation; Here’s what to expect next (Finbold)
  • The Largest Investors’ Realized Loss in Bitcoin History Just Happened, But There’s Good News (CryptoPotato)
  • 5 things to know in Bitcoin this week (Cointelegraph)
  • Bitcoin Climbs Back Above $20K, A Bit Of A Relief To The Sinking Crypto Market (NewsBTCDecrypt | CNBC)
  • Bitcoin critics say BTC price is going to $0 this time, but these 3 signals suggest otherwise (Cointelegraph)
  • Over $2B Worth Of Bitcoin Leaves Exchanges In Days As HODLers Stick With BTC Through Thick and Thin (ZyCrypto)
  • Crypto Whales Suddenly Move Nearly $2,000,000,000 in Bitcoin As BTC Breaks $20,000 Level: On-Chain Data (TDH | TB)
  • Bitcoin ($BTC) Whale Activity Jumps to 4-Month High as Large Holders Buy the Dip (Cryptoglobe)
  • Last 3 Days Bring Largest Realized Loss for Bitcoin Investors in History of Cryptocurrency Market (UToday)
  • Ethereum risks another 60% drop after breaking below $1K to 18-month lows (Cointelegraph)
  • Ethereum (ETH) Hammered Down To $950 As Crypto Selloff Deepens (NewsBTC)

ALTCOINS

STABLECOINS

  • Tether to undertake full audit by top 12 firm for transparency over USDT reserves (Finbold | TDH)
  • Glassnode Says Stablecoins Are Gaining Massive Popularity Amid Huge Ethereum (ETH) Unrealized Losses (TDH | Cointelegraph)

ANALYST'S CORNER

  • Alex Krüger: Crypto Analyst on Bitcoin: $20K Level Is ‘Decisive’ for Future of Crypto’ (Cryptoglobe)
  • Kevin Svenson: Here’s How Bitcoin (BTC) Could Generate a ‘True’ Bottom, According to Analyst (TDH)
  • Mike McGlone: Top Bloomberg Analyst Says $20,000 Bitcoin May Be the New $5,000 – Here’s Why (TDH | NewsBTC)

Bullish

  • Lyn Alden: Bitcoin Is ‘Only Credible Answer’ to ‘Current Global Monetary Problems’ (Cryptoglobe)
  • InvestAnswers: These Three Catalysts Could Spark a Bitcoin (BTC) Reversal, According to Top Crypto Analyst (TDH)
  • Antoni Trenchev: Co-Founder of Major Crypto Lender Says Bitcoin (BTC) Will Explode by Over 350% – Here’s His Timeline (TDH)
  • Pentoshi & Cantering Clark: Two Crypto Analysts Bullish on Solana That’s Showing ‘Incredible’ Strength (TDH)
  • Michaël van de Poppe: Analyst Unveils Altcoin Picks, Says He’s Bullish on Ethereum and Three ETH Rivals (TDH)

Bearish

  • Benjamin Cowen: Bitcoin (BTC) May Have Further To Fall Until One Catalyst Triggers Reversal (TDH)
  • Jim Cramer: CNBC’s Jim Cramer Sees Bitcoin ($BTC) Drop to $12,000 Level It Had Before ‘Fiasco’ Began (Cryptoglobe)
  • Arthur Hayes: Bitcoin Corrections Not Over Yet, Arthur Hayes Sees More Losses Incoming (CryptoPotato)
  • Capo: Analyst Who Saw 2022 Bitcoin Crash Coming Updates BTC and Ethereum Forecast, Issues Fresh Alert for Crypto Traders (TDH)
  • Paul Krugman: Bitcoin’s Modest Rally Is “Dead Cat Bounce” (UToday)
  • Peter Brandt: Veteran Trader Who Predicted Bitcoin (BTC) 2018 Collapse Unveils Massive Downside Target for Ethereum (ETH) (TDH)
  • PostyXBT:  Ethereum analyst warns of 'clean fakeout' despite 30% ETH price rebound (Cointelegraph)

NOTABLE VOICES

  • Vitalik Buterin: Why Vitalik Buterin Is Not Worried About Ethereum Crashing (Bitcoinist)
  • Hester Pierce: Pro-BTC Commissioner Hester Peirce Slams SEC for ‘Almost Legendary’ Resistance To Spot Bitcoin ETF (TDH)
  • Sam Bankman-Fried: FTX CEO Says Fed Interest Rate Hike Main Reason for Market Crash (BIC)
  • John Carvalho: Synonym CEO’s “Strategies for How To Behave When Bitcoin Is in High vs Low Demand” (Cryptoglobe)
  • Charles Hoskinson: Cardano's IOHK on Rumors of Vasil Hard Fork Delay: "We Are Very Close" (UToday | ZyCrypto | UToday | Finbold | Cryptoglobe | Cryptoglobe)
  • Nayib Bukele: El Salvador president addresses bear market concerns with Bitcoin hopium (Cointelegraph | Cryptoglobe | Bitcoinist | BIC)
  • Mike Novogratz: Billionaire Investor Explains When We Will See ‘Crypto Take Off’ (Cryptoglobe)
  • Kevin O'Leary: Shark Tank’s Host Explains Why Wipeout of Large Digital Asset Firms Is Great for Crypto (TDH)
  • Lee Cooperman: Billionaire Calls Crypto And NFTs “Crap”, Fails to See Markets Recovering Anytime Soon (ZyCrypto)

ACCEPTANCE

  • Russian Ministry of Finance dismisses selling oil for Bitcoin (Finbold)

ETFs

DEFI

  • MakerDAO Pauses DAI Deposits, Cites Adverse Market Conditions (BIC)

BLOCKCHAINS

  • What Ethereum use case can make ETH a $500B market cap asset: Community answers (Cointelegraph)
  • Cardano (ADA) Blockchain Inches Closer to Mithril Update: Why Is This Crucial? (UToday)

MINING

LEGISLATION/REGULATION

  • U.S. Department of Labor Faces Pushback Over 401(k) Bitcoin Plans (BIC)

THE BAD

  • California Man Pays a Hitman $13K in Bitcoin to Kill his Ex-Girlfriend (Report) (CryptoPotato)
  • Think You’re Down Bad? This Ethereum Wallet Got Liquidated Over 71,800 ETH (Bitcoinist)

PODCASTS

  • The Pomp Podcast: #1012 Joe Carlasare & BitcoinT.I.N.A. On Changing Paradigms In Our Global Financial System
  • The Scoop: Institutional appetite for digital assets "has not slowed," according to PolySign and MG Stover CEOs
  • Stephan Livera Podcast: SLP384 zerofeerouting - Zero Fee Routing on Lightning Network
  • Tales from the Crypt: #339: The importance of bitcoin self-custody with Tyler Campbell
  • The Wolf of All Streets: Putting The “Stable” In Stablecoin | Jeremy Allaire, Circle
  • The Breakdown: Why Coin Center Is Suing the US Government
  • Bitcoin Magazine: Breaking Free with Bitcoin w/ Alex Gladstein
  • Empire: The Crypto Renaissance Has Begun | Josh Rosenthal 

How do you rate this article?


24

0

TheCryptoCurator
TheCryptoCurator

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!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.