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FOLLOW DAT MONEY! $9B

Welcome to Thursday Folks! Looks like more and more infrastructure is being built and more onramps opening for dirty fiat to make its way toward Crypto Assets. This time it's Fidelity offering ETH custody and trading to their clients. Just last week we saw BNY Mellon offer custody and the question is who is next? Last one in is a rotten egg! In addition, Neobank N26 is launching trading services with more than 100 tokens - seeing a trend here? Last but not least, Voyager customers get a ray of light as it appears they may recover 72% of frozen Crypto under the FTX deal. 

Meanwhile, Bitcoin remains a stablecoin around $20K for the past 5 months - good grief Charlie Brown do something right? Well, I believe something is happening, it's just slow at first then all of a sudden. Technicals are pointing toward a bull run and it's just a matter of time when the halving will happen and then things get really interesting. Buckle up Buttercups! 

Podcast of the Day: The 7th Property - Bitcoin and the Monetary Revolution w/ Eric Yakes (Bitcoin Magazine)

READ

JUST IN

• Crypto-Friendly Britain Prime Minister Liz Truss Steps Down After 44 Days in Office (BIC)

TRENDING

• $4.5T asset manager Fidelity offers ETH custody and trading to clients (Cointelegraph | Bitcoinist | Finbold | Coindesk | Blockworks | TDH | TB)
• Neobank N26 launches cryptocurrency trading with more than 100 tokens (TB | Cryptoglobe | Finbold | Coindesk | Bitcoinist)
• HODL! Tesla hangs onto all its remaining $218M in Bitcoin in Q3 (Cointelegraph | Coindesk | Bitcoinist | TDH | Blockworks)

     Gaining Traction

• Almost 80% of El Salvador’s citizens believe the country’s Bitcoin strategy has failed (Finbold | Bitcoinist | Cointelegraph)
• Voyager customers could recover 72% of frozen crypto under FTX deal (Cointelegraph | Coindesk)

CRYPTO MARKET

• Blockchain Technology Could Be ‘Massive Disruptor’ for TradFi, Says Franklin Templeton CEO (Coindesk)
• Institutional crypto adoption requires robust analytics for money laundering (Cointelegraph)
• Brokerage Firm Bernstein Says Institutional Adoption of Crypto Ongoing Despite the Crypto Winter (Coindesk)
• Crypto adoption: How FDIC insurance could bring Bitcoin to the masses (Cointelegraph)
• Why the World’s Largest Banks Are Bullish on Crypto (BIC)

BITCOIN

• MicroStrategy’s Saylor hails Bitcoin an ‘economic engine’ set to become a ‘freedom machine’ (Finbold)
• Investors take BTC off exchanges de-risking chances of a future sell-off, data reveals (Finbold | BIC)
• Investors’ Time Horizons Will Determine Their Bitcoin Positions (Coindesk)
• Bitcoin May Gain Upper Hand Vs S&P 500 and Surge: Bloomberg’s Mike McGlone (UToday)
• Bitcoin vs. Ethereum smart contracts — Interview with Muneeb Ali: Watch Market Talks (Cointelegraph)
• Bitcoin Bottoms: The Psychology Of Bear Markets (NewsBTC)

     Price

• First Mover Americas: Bitcoin Stays Above $19K as US Stocks Futures Slip Ahead of Earnings Reports (Coindesk)
• Bearish sentiments fading as crypto traders anticipate a rebound in Q4, data shows (Finbold)
• Technicals hint Bitcoin bull market could kick off in April 2023 (Finbold)
• Bitcoin Futures ‘Backwardation’ Could Signal Bearish Mood (Coindesk)
• Bitcoin faces tough daily resistance as BTC price matches UK pound volatility (Cointelegraph)

     Whales

• Bitcoin Whales Accumulating on Binance According to On-chain Metrics (CryptoPotato)
• Capitulation or profit-taking? Bitcoin whale moves 32K BTC dormant since 2018 (Cointelegraph)
• Bitcoin Addresses Holding Up to $1,900,000,000 BTC Hit 20-Month High: Crypto Analytics Firm Santiment (TDH)

     Acceptance/Adoption

• Kraken Co-Founder Explains ‘Why Merchants Should Immediately Accept Bitcoin’ (Cryptoglobe)

     Opinions

• Tone Vays: Bitcoin Gearing Up for 400% Rally, According to Crypto Analyst in 2023 (TDH)

     Mining

• Bitcoin Price Discount to Hashrate Greatest Since Q2 2020 (CryptoPotato)
• P2P Bitcoin Trading in India Doubles From 2021 Despite Bear Market (BIC)
• Bitcoin Miners Sell BTC and Rigs to Cope With High Energy Prices (BIC)
• U.S. Global Investors CEO suggests Bitcoin mining ‘shuts down globally’ if BTC hits $12,000 (Finbold)

     ETF

• A Year After Debut, ProShares Bitcoin ETF Has Underperformed Market By 1.8% (Coindesk)

BITCOIN FACES THE LIQUIDITY STEAMROLLER OF GLOBAL MARKETS

ETHERUEM

• Ethereum staking rewards rise with leveraged stakers seeing 11% APR (TB)

XRP

• XRP and Cardano (ADA) Slowly Becoming Bullish, Indicator Shows (UToday)

CARDANO

• Cardano price prediction – Can ADA climb above $0.55? (Finbold)

LEGISLATION/REGULATION

• Sam Bankman-Fried draws fire from DeFi proponents after regulation proposal (TB)
• FDIC head calls to limit stablecoins to permissioned blockchains (TB | Cointelegraph)
• Andreesen-Horowitz hires McHenry staffer as new head of government affairs (TB)

LEGAL BATTLES

• Do Kwon: Why This Group Of 4,400 Crypto Investors Are Hunting Down The CEO (Bitcoinist | UToday)
• Law Firm Drops Kyle Roche Following Ava Labs Exposé Fallout (Blockworks)
• Two US Men Sentenced For Stealing Crypto Using 'SIM Swapping' (Coindesk)
• Crypto Legal Expert Says SEC Being Bombarded From All Angles As Amicus Briefs Pile Up in Ripple and XRP Lawsuit (TDH)

WATCH

LISTEN

• Cardano’s Growing Ecosystem with Frederik Gregaard (Untold Stories)