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Happy Tuesday Folks! Yesterday, we saw yet another hedge fund die at the hands of FTX and $25K is the level that much be defeated if Bitcoin is going to continue this bull run. If it doesn't, a pull back to $20K is probable, but the sentiment is remaining high - will they be correct? Let's get to the news...
Trending News Topics:
- Paxos holding discussions with the SEC
- Polygon reducing headcount
- Hope Finance gets exploited
CRYPTO
BlockTower Capital quietly parts ways with top execs.
BITCOIN
Bitcoin sees fresh $25K rejection as pre-Wall Street volatility returns.(2) However, Bitcoin delivers important bullish signal for first time in over year and this “super” buy signal suggests the Crypto bull trend is strengthening. Bitcoin transaction count momentum reaches highest level in over 2 years. Bitcoin Dominance (BTCD) Reaches Critical Level. So When Altcoin Season? Bitcoin Diamond Hands Sit Tight Despite Rally, 1-Year+ Old Supply Hits ATH. Crypto Analysts Scramble to Explain Bitcoin's Pause Near $25K. Bitcoin slips as altcoins lead drop in prices. “Buy The Dip” Mentality Returning To Bitcoin? This Metric May Suggest So. El Salvador, Which Made $BTC Legal Tender, Wants To Open ‘Bitcoin Embassy’ in Texas.
Clean energy powers more than half of Bitcoin Mining operations.(2) Hut 8 CEO Jaime Leverton weighs in on the bull and bear markets from a mining perspective. Crypto Miner Hive Blockchain posts Q3 loss as Ethereum merge cuts revenue, mining margin. Crypto and Bitcoin Miners Rebrand and Diversify to Survive: A Look at Their New Strategies.
HRF Donates 2 Billion Satoshis To 10 Global Bitcoin Projects.
Ethereum price rally hit crucial resistance as institutional investors are in ‘wait and see’ mode.
STABLECOINS
Mastercard to allow crypto payments in Web3 via USDC settlements.(2)
ALTCOINS
$BNB-Bitcoin ratio drops to lowest level in six months on Paxos-BUSD drama.(2) Cardano jumps 12% as $100K transactions spike. Litecoin network gets its first NFTs after developer forks Bitcoin Ordinals.(2) Ernst & Young adds Dogecoin to its new blockchain analyzer feature. Polygon (MATIC) Price Set to Continue Increase After Short-Term Correction But Buyers Can Re-Enter At This Level. Polygon Reduces Headcount By 20% As Consolidation Ramps Up.(5) Solana Builds Crucial Resistance Amid Positive Long-term Sentiment.
EXCHANGES
Trading Platform eToro Gains New York BitLicense to Provide Crypto Services.
LEGISLATION/REGULATION
Paxos Is Holding a 'Constructive Discussion' With SEC: Reuters.(5) SEC’s Shadow Crypto Rule Taking Shape as Enforcement Cases Mount. Changpeng Zhao Responds to Kraken CEO Jesse Powell’s Comments on Crypto Regulation.
LEGAL CASES
Ripple v. SEC case: Legal expert John Deaton has ‘no doubt Ripple will win.’(3) Will Ripple Vs. SEC go to Supreme Court? it may be favorable. Bankman-Fried searching for tech expert to advise on bail dispute, lawyers say.
ATTACKS/HACKS/SCAMS
Hope Finance exploit results in $2M stolen from users’ funds.(3) Beware of Bing AI chat and ChatGPT pump-and-dump tokens.
Well that is a wrap folks, if you'd like to be in the know throughout the day, join me on Wubits where I am constantly sharing my thoughts about the Crypto market and personal development type topics. It's a community where you can meet REAL people, make REAL connections, and have REAL conversations. Thanks again for reading, watching, and listening with me.
WATCH: Bitcoin vs Ethereum? BEST Investment? Whales BUYING! 🐳
LISTEN
Podcast of the Day: Read_703 - The Banks Are So F**ked – [Callebtc] | Bitcoin Audible
Other Podcast
- Feb 20: Blockchain.com’s $270 Million Hole | gm
- Bull Trap Or Bull Market? Bitcoin Hits 25k | Macro Alf, Dave Weisberger, Mike McGlone | The Wolf of All Streets
- Just a Coincidence? Coinbase and Polygon Lawyers See Bad Omens in SEC Crackdown | Unchained
- What Makes ‘Bitcoin Jesus’ Roger Ver Tick? | Bloomberg Crypto
