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Welcome to Thursday folks! Yes, it's true, Tesla just couldn't HODL like MicroStrategy. Like Michael Saylor, Elon is a brilliant man so is it that he has paper hands OR is he trying to play the dip? It's becoming clear that there might be a bigger dip coming and maybe Elon believes he can time the market? Why do I say that? Because he said he is open to buying Bitcoin again.

That said, he wasn't alone in selling. Finnish Customs gained $45.6M Euros by selling seized Bitcoin. I believe there could be more downside pressure. Why? Well, Bitcoin's third largest whale has moved their Bitcoin to Coinbase and that is never a good sign. Mt. Gox Black Swan situation still is on the horizon. Miner Capitulation is happening as I type supposedly. Bitcoin is struggling to maintain the 200 day-MA. Nigel Green of the deVere group believes we have one final washout still in the works... soooo be cautious of this relief rally. Remain patient and have some dry powder read!

In other news we've got AT&T educating users on Digital Assets (who say that coming?), WEF is hiring a Blockchain and Cryptocurrency lead (they are not going to be left behind), Dogecoin has a new update to the core software brining new functionality (this puppy isn't done yet), Grayscale is gearing up for its day in court with the SEC (they are going to get a spot Bitcoin ETF), and SEC will lose it's case against Ripple (according to FOX Business correspondent.) 

Get ready for the weekend folks it's never boring in the world of Bitcoin. Read (more news below), Watch (The Wolf of All Streets coming on soon), and LISTEN! (to the Pomp Podcast as Alysse talks about VCs in Bitcoin Mining) 

JUST IN

• World’s largest telecom company AT&T to educate users on digital assets (Finbold)
• The World Economic Forum is now hiring a blockchain and cryptocurrency lead (Finbold)
• Finnish Customs gained €46.5 million by selling seized Bitcoins (Finbold | BIC)

TESLA SOLD

• What Tesla’s Big Bitcoin Sale Means for Other Firms Putting Crypto on Their Balance Sheets (Coindesk)
• Here’s The Crucial Silver Lining To Tesla’s Bombshell $936 Million Bitcoin Sale (ZyCrypto)
• [FUD] Rumors Of MicroStrategy Selling Bitcoin Grow With Tesla’s Disclosure (NewsBTC)
• Binance CEO Downplays Tesla's Bitcoin Snub (UToday)
• Bitcoin price dips under $23K after earnings report reveals Tesla sold 75% of its BTC (Cointelegraph | ZyCrypto | Cointelegraph | Finbold | BIC)
• Here's How Much Tesla Lost by Selling Its Bitcoins at $29,000 (UToday)
• Elon Musk Clarifies His Stance on Bitcoin After Tesla’s U-Turn (UToday | Blockworks)
• Experts reveal what Tesla's $936M sell-off means for Bitcoin (Cointelegraph)
  
• Tron Founder Justin Sun Explains Why Tesla Selling Bitcoin Is Great News (UToday)

BITCOIN

• The Case for Investing in Bitcoin During Crypto Winter (Coindesk)
• Market Wrap: Bitcoin Stalls at $23K but Sits Above Cost for Average Investor’s Purchase Price (Coindesk)
• Biggest Whale in Bitcoin Suddenly Dumps Over $1,400,000,000 in Crypto As BTC Cracks $23,000 (TDH)
• Bulls or bears? Both have a fair chance in Friday’s Bitcoin options expiry (Cointelegraph)
• Bitcoin Slips Below $23,000 As Eurozone Moves to Curb Inflation with Interest Rate Hike (Decrypt)
• Bitcoin bulls miss key resistance flip as BTC price sheds 8% (Cointelegraph)
• Third-Largest Bitcoin Whale Transfers All BTC Holdings to Coinbase (CryptoPotato)
• Bitcoin (BTC) Reaches Crucial Long-Term Moving Average (BIC)
• Bitcoin Now Braced For A ‘Black Swan’ Shock As Mt. Gox Prepares To Repay 142K BTC (ZyCrypto)
• Bitcoin ($BTC) Could Soon Move to $30,000 Based on Two Conditions, Says Crypto Analyst (Cryptoglobe)
• Bitcoin (BTC) on-Chain Analysis: Miner Indicators Show Capitulation (BIC)
• Ether price stalls at $1,630 after gaining 50% in under a week (Cointelegraph)

BECOMING ANTIFRAGILE WITH BITCOIN AND BEYOND

ALTCOINS

• Altcoin Market Cap (ALTCAP) Breaks out From 101-Day Resistance Line (BIC)
• Institutions go long on ether as Ethereum's 'merge' approaches, according to Cumberland (TB)
• XRP Trading Volume Hits Frenetic Levels As Ripple Continues To Gain Upper Hand In SEC Lawsuit (ZyCrypto)
• Sell the news? Cardano price risks 20% drop despite Vasil hard fork euphoria (Cointelegraph)

STABLECOINS

• Regulators across the ocean discuss stablecoins and MiCa at joint forum (Cointelegraph)
• US Lawmakers Nearing Agreement on Stablecoin Regulation (BIC)

ANALYST'S CORNER

Positive

• Altcion Sherpa: Here’s What’s Next for Solana, Avalanche and One Hot Ethereum Rival, According to Top Crypto Analyst (TDH)
• Eric Wall: You Just Missed the Bitcoin ‘Fire Sale,’ Says Analyst (BIC)
• JPMorgan: Retail crypto trading is ‘improving’ after ‘extreme phase of backwardation’ (Finbold | Bitcoinist)
• Michael van de Poppe: Crypto trading expert hints ‘potential area for longs’ on Bitcoin is approaching (Finbold)
• DonAlt: Ethereum and Solana Primed To Continue Rallies, Predicts Top Crypto Analyst  (TDH)
• Santiment: Whale Activity in Dogecoin, MATIC, and UNI Is Heating Up (TDH)
• Guy: Latest Developments Are ‘Really Good News’ for Ripple and XRP, Says Coin Bureau Host (TDH)

Neutral

• Michael van de Poppe: Here’s What’s Next for Polygon, Cardano, AVAX, ZIL, and FTM (TDH)

Negative

• Nigel Green: CEO of deVere Group Predicts ‘Final Rinse-Out’ of Crypto Markets Before Considerable Price Bounce (TDH)

NOTABLE VOICES

• Tom Emmer: US Congressman Says SEC Is Overstepping Bounds When It Comes to Regulating Crypto Assets (TDH)
• Sam Bankman-Fried: FTX Rescued Struggling Crypto Companies To Keep Industry Healthy (TDH)
• Coinbase: Crypto firms facing insolvency ‘forgot the basics of risk management’ (Cointelegraph)
• Peter Brandt: Bitcoin Is "Useless Without an Exorbitant Use of Energy" (UToday)
• CZ: Binance CEO says Avoid Crypto Exchanges That Need Funding To Survive (Bitcoinist)

CEFI CONTAGION

• The Same Law Firm Is Representing Celsius, Voyager and Babel Finance (Blockworks)
• Crypto lender Vauld seeks protection against creditors: Report (Cointelegraph | CryptoPotato)
• By The Numbers: The $1.2 Billion Hole In Celsius’ Balance Sheet (Bitcoinist)
• Zipmex says it's exploring all options as it prepares to allow some withdrawals (TB)
• Zipmex Confirms Loans Worth $53M to Babel and Celsius (Coindesk)
• Canadian Pension Fund loses $150 million in Celsius investment bet (Finbold)

MAKING BITCOIN UNSTOPPABLE PART ONE: MESH NETS

BLOCKCHAINS

• Bitcoin Nonprofit ₿trust Launches Africa Open Source Cohort; Names First Developer (Coindesk | BM)
• The Merge Testing Is 90% Complete, Says Ethereum’s Vitalik Buterin (CryptoPotato | Cointelegraph | Coindesk | Decrypt)
• What’s next for the future of Ethereum? Mihailo Bjelic from Polygon explains (Cointelegraph)
• Solana and Ethereum smart contract audits, explained (Cointelegraph)
• Cardano ($ADA) Maintains Development Activity Lead Over Other Top Cryptos (Cryptoglobe)
• This Cardano "Secret Sauce" Brings It into View of Global Financial Infrastructure: Community (UToday)
• New Dogecoin Core Update Has Been Released; Here's What's New (UToday | Cointelegraph | TDH)

PRIVATE ISLAND IN THE BAHAMAS SEEKS BITCOIN LIGHTNING WALLET PROVIDER PARTNERSHIP

EXCHANGES/WALLETS

• Mercado Bitcoin plans to expand to Mexico (Cointelegraph | Coindesk | Bitcoinist)
• Crypto.com rolls out Google Pay integration as Big Tech continues to embrace crypto (Cointelegraph)
• Blockchain.com cuts a quarter of staff, closes Argentina offices: CoinDesk (TB | Blockworks | BIC | CryptoPotato | Bitcoinist)
• Hardware wallet industry to outstrip crypto exchanges: Report (Cointelegraph)

MINING

• Bitcoin mining stock report: Thursday, June 21 (TB)
• Bitcoin Miner Revenues Continue To Plunge, But Will The Rally Change This? (NewsBTC)
• Crypto mining stocks climb as digital asset sector undergoes a resurgence (Finbold)
• Bitcoin Mining Gets Cleaner As U.S. Lawmakers Call for More Transparency (Bitcoinist)
• Commons Foundation Signs 100MW Deal for Crypto Mining in Paraguay (Coindesk)

LEGISLATION/REGULATION/TAXATION

• Coinbase Petitions the US SEC to Begin Rulemaking on Digital Asset Securities (EWN | Coindesk | Blockworks)
• SEC boss is working to register crypto lending firms to ‘protect the public’ (Finbold | UToday | TDH)
• Craig Salm: Grayscale CLO says firm is 'laser focused' on preparing arguments against SEC ETF rejection (TB)
• SEC objects to XRP holders aiding Ripple defense (Cointelegraph)
• XRP: FOX Business Senior Correspondent Says SEC Is Losing Its Lawsuit Against Ripple (Cryptoglobe)
• Tighter Crypto Regulations Says Singapore’s Central Bank, Here’s Why (Bitcoinist)
• South Korea postpones 20% tax on crypto gains to 2025 (Cointelegraph | BIC)

THE BAD

• Former Coinbase product manager arrested on insider trading charges (TB | Cointelegraph | Blockworks | TB | EWN | UToday | Cryptoglobe | CNBC | Coindesk | Coindesk | Cointelegraph | CryptoPotato)
• Australian regulator trials auto take-down of crypto scam sites (Cointelegraph)

PODCASTS

• The Pomp Podcast: #1055 Alysse Killeen On VCs Investing In Bitcoin Mining
• Bankless:  Merge vs. Macro with Travis Kling
• The Wolf Of All Streets: From Losing Everything To Helping People Understand Bitcoin | Natalie Brunell
• Bitcoin Audible: Read_638 - What is Money Anyway? Part 3 [Lyn Alden]
• The Crypto Conversation: RociFi - a new DeFi primitive for under-collateralized lending
• Bitcoin Magazine: Bitcoin And The Environment w/ Troy Cross
• Decrypt Daily: July 20: Mining Resumes in TX, BTC & CFTC, LATAM Sandbox