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Happy Tuesday Folks! Following a bloody Monday we are waking up to yet another hack - this time for $160MM from Wintermute, the SEC continues to rack in the dough as Sparkster settles with them over the 2018 ICO launch, and Alameda is happy to pay back $200MM to Voyager; hopefully it will make some of the investors whole.
Meanwhile, Bitcoin regains $19K and $ETH rises as FOMC meeting nears. The 100 SMA is key and overhead resistance which is right around $19,650, if $BTC clears those levels, it will have some room to run; otherwise it's headed toward $16K as a bottom. The bulls are still fighting as proof of the hammer candlestick. However, there are two on-chain signals that precedes Bitcoin falls: BTC dumping of coins aged between 7 years to 10 years and ETH dominance rising up.
POD: Bitcoin Audible: Guy's Take #59 - We're Not Going Anywhere
Trending
- Wintermute Hacked for $160 million (TB | BIC | EWN | Cointelegraph | Coindesk | Cryptoglobe | UToday | Decrypt | Blockworks | TB | Cointelegraph | TDH | TB | Cointelegraph | BIC | TB)
- Michael Saylor can’t stop: MicroStrategy now holds 130,000 Bitcoin (Cointelegraph | CryptoPotato | TB | Finbold | BIC | ZyCrypto | Bitcoinist | TDH)
- Sparkster (SPRK) Settles With SEC Over 2018 ICO (BIC | TB | Bitcoinist | Coindesk)
- Alameda to repay $200 million to bankrupt lender Voyager (TB | Coindesk | Cointelegraph | BIC)
- Nasdaq reportedly preparing crypto custody services for institutions (Cointelegraph | CryptoPotato | UToday | Finbold)
Hot News
- Colorado now accepts crypto payments for state taxes (TB | BM | Cointelegraph | BIC | Blockworks)
- For $5 A Month, Crypto Now Has Your Cell Plan Covered (Blockworks | TB | BIC)
CRYPTO MARKET
- The market isn't surging anytime soon — so get used to dark times (Cointelegraph)
- Crypto Market May Rally on September 21, Here's Why (UToday)
- Coinbase CEO Draws Criticism For Suggesting Crypto Industry is ‘Moving Offshore’ (BIC)
- Crypto Awaits Sizable Rate Hike from the Fed: Here’s What to Expect (BIC)
- Number of new cryptocurrencies surpasses 21,000 despite shaky markets (Finbold | NewsBTC | Cointelegraph)
- Roth IRAs: The ideal long-term cryptocurrency investment? (Cointelegraph)
- Crypto market dumps after Ethereum Merge, why? Watch The Market Report (Cointelegraph)
- Cryptos, Equities Slide on Central Bank Decisions, Merge Aftermath (Blockworks)
- Bearish Crypto Market Sentiment Sends Investors Back To Stablecoins (Bitcoinist)
BITCOIN & ETHEREUM
Positive
- Market Wrap: Bitcoin Regains $19K and Ether Rises as FOMC Meeting Nears (Coindesk)
- TA: Bitcoin Price Attempts Recovery, Why 100 SMA Is The Key (NewsBTC)
- Bitcoin (BTC) Hammer Candlestick Keeps Bullish Hopes Alive, While Ethereum (ETH) Continues to Fall (BIC)
Neutral
- Long the Bitcoin bottom, or watch and wait? Bitcoin traders plan their next move (Cointelegraph)
- 3 Experts Take On The Bitcoin Price, Will $19,000 Hold Or Break? (NewsBTC)
- Bitcoin Price Recovers Above $19,000, But Is The Onslaught Over? (NewsBTC)
Negative
- These Two On-Chain Signals Precede Bitcoin Falls, Suggests Analyst (NewsBTC)
- First Such Signal in Bitcoin (BTC) History: Death Cross on 200W MA (BIC)
- Bitcoin Long-Term Holder Dumping May Have Been Behind Revisit Below $19k (NewsBTC)
POST MERGE
- Crypto Investors Yanked Money From ETH Products Despite a Smooth Ethereum Merge (Coindesk | NewsBTC)
- How Ethereum Traders Actually Played the Merge (Decrypt)
- Post Merge: Ethereum Investors Act With Caution (Report) (CryptoPotato)
- Ethereum’s price plunges 15% after the Merge despite bullish anticipation (Finbold)
- Glassnode: Ethereum Validators Observed Sharp Increase of 11.4k In Sept Alone (Bitcoinist)
- Here’s the Best-Case Scenario for Ethereum (ETH), According to Its Co-Creator (TDH)
ALTCOINS/STABLECOINS/CBDCs
- BNB Chain launches a new community-run security mechanism to protect users (Cointelegraph)
- Almost 94% of the Total Supply of Binance BUSD Held in Just Four Wallets (BIC)
- XRP Braces For Turbulence Amid Looming Fed Hike, Ongoing Ripple-SEC Court War (NewsBTC)
- Ripple Shovels 50 Million XRP to Anon Wallet, Here's What It Means for Market (UToday)
- Solana Holds Key Support To Avoid Drowning, How Long Can This Last? (NewsBTC)
- Dogecoin Surpasses Polkadot – Can DOGE Maintain Its Aggressiveness? (NewsBTC)
- Exclusive: Voters skeptical of Federal Reserve digital currency, poll finds (TB)
- Robinhood Lists Its First Stablecoin – USDC (UToday | NewsBTC | TDH)
- Reserve Bank of India seeks a ‘phased implementation’ of the digital rupee (Finbold)
- China expands trial of its e-CNY CBDC to four new provinces: SCMP (TB | Cointelegraph)
ANALYST'S CORNER
Positive
- Cheds: Top Crypto Analyst Unveils Bitcoin Bottom Scenario, Updates Outlook on Ethereum and XRP (TDH)
- Willy Woo: On-Chain Analyst Willy Woo Says Bitcoin (BTC) Price Being Suppressed by Political Agenda (TDH | Cryptoglobe)
- Michael van de Poppe: Massive Cardano (ADA) Rally in Play Heading Into Vasil Upgrade (TDH)
- Smart Contracter: Crypto Strategist Who Nailed Bitcoin 2018 Low Calls Ethereum Bottom, Says ETH Primed for New Leg Up (TDH)
Neutral
- Citi: Ether Remains Relatively Stable Despite Significance of the Merge (Coindesk)
Negative
- Gareth Soloway: Chief market strategist expects Bitcoin to sink ‘another leg lower’ to $12,000 (Finbold)
- Mike McGlone: ‘FED sledgehammer’ will further batter BTC, ETH prices — Bloomberg analyst (Cointelegraph)
- DonAlt: Bitcoin (BTC) Primed To Print New 2022 Lows Amid ‘Atrocious’ Stock Market Performance, According to Top Analyst (TDH)
- Cumberland: ETH's correlation to the Nasdaq creates problems for crypto-native traders (TB)
NOTABLE VOICES
- CZ: Binance CEO Changpeng Zhao Says Bitcoin, Ethereum and Rest of Crypto Should Decouple From Stocks (TDH | TDH)
- Raoul Pal: Macro Guru Raoul Pal Says $SOL May Become Crypto Giant in Next Cycle (TDH)
- Charles Hoskinson: IOHK Head Explains The Future Cardano Roadmap, Says Vasil Upgrade Is On Track For This Week (EWN | Cryptoglobe)
- Vitalik Buterin: Ethereum co-founder shares vision for layer-3 protocols (Cointelegraph)
- Adrian Day: Wealth manager warns gold prices will collapse if Fed raises rates by 100bps (Finbold)
- Sam Bankman-Fried: FTX CEO Says Regulation Could Prevent Next Crypto Contagion (TDH)
- Cameron Winklevoss: Billionaire Gemini Founder Says White House Crypto Report Misses The Mark (TDH)
ACCEPTANCE/ADOPTION
- Kenya’s central bank governor admits pressure to convert country’s reserves into Bitcoin (Finbold)
- Four Stories From Argentina, Where Bitcoin And Crypto Rule The Land (Bitcoinist)
- Crypto Wallet Provider Looks to Turn Philippines Resort Boracay into ‘Bitcoin Island’ (BIC)
- Russia Plans to Offer International Crypto Payment Options, Says Finance Ministry Official (BIC)
BLOCKCHAINS
- Ethereum Layer 3 Protocols Might Be A Thing, Here’s What To Expect (Bitcoinist)
EXCHANGES/STORAGE/CUSTODY
- Solana-based Hxro launches bitcoin derivatives marketplace (TB)
- Alameda-backed Volmex Labs launches bitcoin and ether volatility indexes: Exclusive (TB)
- Kraken joins consortium to build enterprise-grade liquid staking protocol (TB)
MINING
- Report: Bitcoin Mining Companies Spend Excessively On Administration Compared To Other Industries (Bitcoinist)
- Bitcoin Miner Bitfarms Starts Production in Argentina, Increases Hashrate to 4.1 EH/s (Coindesk)
- Crypto Miner Bitdeer Bought Physical Safety Vault Le Freeport for Over $28M: Report (Coindesk)
- Ethereum miners dump 30K ETH, stonewalling 'ultra sound money' deflation narrative (Cointelegraph | EWN | NewsBTC)
- Bitcoin mining stock report: Tuesday, September 20 (TB)
LEGISLATION/REGULATION/TAXATION
- The crypto industry can trust Cynthia Lummis to get regulation right (Cointelegraph)
- White House’s first crypto framework and missed opportunities — Law Decoded, Sept. 12-19 (Cointelegraph)
- CFTC commissioner visits Ripple offices as decision in SEC case looms (Cointelegraph)
- US Treasury plans to ask public if crypto-related regulations are 'no longer fit for purpose' (Cointelegraph | Coindesk | TDH)
- Congress demands crypto payments notification from DOS when helping Ukraine (Cointelegraph)
- Treasury official: Sanctions against crypto mixers can deter financial crimes (TB | Cointelegraph | Blockworks)
- All Your Ethereum Transactions Belong to Us, Claims the SEC (BIC)
LEGAL BATTLES
- Ripple claims XRP is not a security since there was no ‘investment contract’ as SEC suit drags on (Finbold)
- Ripple Lawyers Should Feel Confident in XRP Lawsuit Summary Judgement, Says Crypto Legal Expert (TDH)
- SEC lawsuit claims jurisdiction as ETH nodes are ‘clustered’ in the US (Cointelegraph | CryptoPotato)
- SEC v. XRP: CFTC Commissioner Does Not Support SEC and Visits Ripple CEO (UToday | ZyCrypto)
- XRP Lawsuit: SEC Made One ‘Glaring’ Mistake In Recent Filing for Summary Judgment: Crypto Lawyer (TDH)
- Craig Wright’s Satoshi Proofs ‘Not Credible’ and a ‘Farce,’ Hodlonaut Lawyers Say (Coindesk)
- Galaxy ‘Concocted’ Story to Walk From $1.2B Merger, BitGo Says (Blockworks | TB)
ATTACKS/HACKS/SCAMS
- FTX CEO Issues Scam Warning After UK Finance Regulator Suggests the Exchange is Operating Unlawfully (BIC)
- Hackers take over CoinDCX Twitter account, promote fake XRP ads (Cointelegraph)
- TribeDAO Holds Vote to Repay Rari Capital Hack Victims for the Fourth Time (CryptoPotato)
LISTEN
- The Breakdown: Bleak Week as Bitcoin Hits 3-Month Low
- Unchained: Is Bitcoin Doomed to Fail? Eric Wall and Justin Bons Face Off
- The Crypto Conversation: NGRAVE - the next generation hardware wallet