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FOLLOW DAT MONEY! $9B
It's Fridayyyy Folks! Looks like the notorious Hinman documents have been found and are now in the hands of Ripple; they say it's shameless what's in them; HODLNAUT wins case with Faketoshi and CFTC touts to "aggressively police" Crypto. In addition, USDC is going to grow globally, Tether is expanding in Brazil, and Prime Trust settles dispute and returns $17MM to Celsius.
Meanwhile, the sentiment is leaning bearish about Bitcoin and the broader Crypto market. That said, $111M in Stablecoins has flooded exchanges which normally precedes a pump in price.
Podcast of the Day: Cathie Wood on Bitcoin (What Bitcoin Did)
READ
JUST IN
TRENDING
- Ripple Obtains Long-Sought Documents of Former SEC Official Who Declared Ethereum Not a Security (Decrypt | TDH | Cointelegraph | UToday | Bitcoinist | Blockworks | CryptoPotato)
- Hodlonaut Wins Norwegian Lawsuit Against Self-Proclaimed ‘Satoshi’ Craig Wright (Coindesk | BIC | BM | Decrypt | BM | CryptoPotato)
- US regulator CFTC touts to ‘aggressively police’ crypto in new report (Cointelegraph | TB | Blockworks | Coindesk | Finbold | TDH)
Gaining Traction
- Coinbase Looking Outside the US To Grow USDC Stablecoin (BIC | Bitcoinist | Cointelegraph | Coindesk)
- Tether stablecoins to expand to 24,000 ATMs in Brazil next month (TB | BIC | Coindesk)
- Prime Trust dispute settled, fee examiner appointed at Celsius hearing (TB | CNBC | Coindesk)
CRYPTO MARKET
- How long will the bear market last? Signs to watch for a crypto market reversal (Cointelegraph)
- Remittances drive ‘uneven, but swift’ crypto adoption in Latin America (Cointelegraph)
- Global recession may last until near 2024 Bitcoin halving — Elon Musk (Cointelegraph)
- Crypto Adoption Slowed in Last Year but Remains Above Pre-2021 Levels: Chainalysis Study (Coindesk)
- Middle East and North Africa dominate the global crypto market growth, study reveals (Finbold)
- Crypto Winter Won’t Freeze Fintech’s Interest (Blockworks)
BITCOIN
Price
- $111M Stablecoins Flow Into Exchanges, Buying Pressure For Bitcoin? (Bitcoinist)
- Bitcoin Flat as Volatility Hits 2-Year Low and Stocks Rise (Coindesk)
Bitcoin Price Still Consolidates, What Could Trigger A Nasty Drop (NewsBTC) - Will Bitcoin Tank Following The Charles Schwab Indicator? Do BTC Investors Need To Worry? (NewsBTC)
- BTC and ETH Pump in Sight? Whales Accumulate Bitcoin and Ethereum Again (BIC)
- Bitcoin, Ethereum, XRP On-Chain Analysis: Top Cryptos Still At Risk (BIC | TDH)
- Bitcoin Now Less Volatile Than S&P 500, Nasdaq for First Time Since 2020 (Decrypt | Finbold)
- Bitcoin’s price each Halloween revealed: What does 2022 hold for BTC? (Finbold)
- Bitcoin Struggles at $19K, Crypto Market Stagnates on Global Inflation Woes: This Week’s Recap (CryptoPotato)
Metrics
- Bitcoin Undervalued by On-Chain Metric, Might Remain That Way: Technical Take (Coindesk)
- 3 historically accurate Bitcoin on-chain metrics are flashing 'bottom' (Cointelegraph)
Opinion
- Mike McGlone: Expert says Bitcoin at $19k may be more attractive for investors than S&P 500 at $3,600 (Finbold)
- Mike McGlone: Bitcoin Could Be Entering an ‘Unstoppable Maturation Stage’, Says Bloomberg Strategist Mike McGlone – Here’s Why (TDH)
- Kevin O’Leary Outlines Bear Market Strategy, Says He’s Selling These Underwater Cryptos To Invest in Bitcoin (TDH)
- Billionaire Mike Novogratz Says These Catalysts Will Launch Bitcoin, Ethereum and Other Crypto Assets Out of Bear Market (TDH)
Mining
- Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners (Cointelegraph)
- Foundry data shows price gap between ASIC buyers and sellers (TB)
- Bitcoin Miner Sphere3D Downsizes Deal for Machines With BitFuFu (Coindesk)
- Pro-crypto Wyoming Not Yet Pro Enough To Attract Bitcoin Miners (Blockworks)
- Made In The USA: WhatsMiner Will Produce Bitcoin Miners In American Soil (Bitcoinist)
Acquisition
- Bitcoin Group considering buying centuries-old German bank: Bloomberg Law (TB)
ETHEREUM
- Will ETH price crash to $750? Ethereum daily active addresses plunge to 4-month lows (Cointelegraph)
- Ethereum (ETH) Price Bearish Breakout Can Destroy Revival Hopes (BIC)
- Staggering $4,550,000,000 in ETH Accumulated by Billionaire Ethereum Whales in Just Over a Month: Crypto Analytics Firm (TDH)
- Ethereum Seeing Waning Address Activity (UToday)
- 30 Days Without New Ethereum, Network Celebrates First Deflationary Month (UToday)
XRP
- XRP Price Prediction: Bullish Breakout In the Works (BIC)
- Ripple Ignites Ultra-Bullish XRP Push With Second Wave of Recipients In Its $250 Million Web3 Fund (ZyCrypto)
- XRP Bulls Prepare For Liftoff As Ripple Acquires Long-Requested Documents Of Hinman’s Speech (ZyCrypto)
CARDANO
- Cardano ($ADA) Transactions Grew 75% MoM As It Became Third-Largest NFT Network (Cryptoglobe)
SOLANA
- Solana (SOL) Breaks Below $30 Support; Have Bulls Given Up So Soon? (NewsBTC)
DOGE
- Dogecoin is Close to Breaking Out From Multi-Year Resistance (BIC)
- Dogecoin Hash Rate Hits 7-Month High, But What Are Price Expectations? (NewsBTC)
LEGISLATION/REGULATION
- Government crackdowns are coming unless crypto starts self-policing (Cointelegraph)
- Stablecoins Could ‘Fundamentally Alter’ Banking System, Says US FDIC Chief (Coindesk)
- Hong Kong government considers permitting retail investments in crypto (Finbold | Cointelegraph)
- UK seeks to introduce measures to regulate crypto ads and ban unauthorized providers (Finbold | Blockworks)
LEGAL BATTLES
- Crypto Lender Voyager Settles With Executives Who Approved $935,000,000 Loan to Three Arrows Capital: Report (TDH)
- U.S. Department of Justice sues founder of Helix crypto mixer to recover $60 million (Finbold | Bitcoinist)
- S. Korean Prosecutors Say Reports of Do Kwon's Stopover in Dubai 'Not False': Bloomberg (Coindesk)
ATTACKS/HACKS/SCAMS
- Mango DAO Readies $42M to ‘Make Users Whole’ (Blockworks)
- Scam Alert: New Method of Stealing Coins Emerges (UToday)
- Hacker drains Olympus DAO's smart contract of $300,000 (TB)
WATCH
LISTEN
- Read_666 - Debunking the ESG Attacks on Bitcoin [Spencer Nichols] (Bitcoin Audible)
- Crypto’s 'tribal battles' will look silly in ten years, says veteran crypto investor (The Scoop)
- Weekly Roundup 10/21/22 (Aptos launch, crypto vigilantes, FTX’s regulatory draft) (On The Brink)
- ROLLUP: Is SBF Killing DeFi?? | Aptos Launch Down Bad | Ethereum Censorship Heats Up | Reddit Onboarding Millions (Bankless)
- Fat Man Terra Speaks: Do Kwon Is a ‘Sociopath’ and a ‘Charismatic Manipulator’ (Unchained)
- The Future Of Institutional Money In Crypto With Matt Hougan, Bill Barhydt And Oliver Linch (The Wolf Of All Streets)
- Oct 20: Is SBF Quietly Lobbying Congress? (Decrypt Daily)
