Disclaimer: If you take anything I post as financial advice that's on you boo! I curate news information daily (with the knowledge I've acquired since 2011) to provide you a view of what is happening around the Digital Asset space. If YOU decided to buy, hold, or trade Digital Assets as a result of reading what I've posted, that is YOUR decision and this isn't advice. You should discuss any investments with your financial advisor and if you don't have one, find one. 

"We receive exactly what we expect to receive."
- John Holland

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Happy Monday Folks! It's a raining one here and the Crypto market is reflecting the same as it struggles to hold on to the $1T Market Cap; Gloomy. The IMF says correlation is growing between crypto and equity markets in Asia. Bitcoin is trading around $21,241.09 with resistance right at $21.5K. This week, all eyes are on Jackson Hole where the Fed officials, together with banking figures from around the world, will meet for the annual Jackson Hole symposium on Aug. 25-27. Outlook remains gloomy for Bitcoin and other Digital Assets. Hash ribbons show miners out of capitulation phase and exchange balances his new 4-year lows; sentiment gauge drops 40% in a week. 

So what could possibly be happy about today? Well, the opportunity to get cheap sats. It's hard to think about let alone buy when the market outlook seems so gloomy but buying small amounts of Bitcoin systematically on a periodic basis has shown to be the best way to own Bitcoin. Michael Saylor is still trying to convince Elon Musk to buy more instead of buying a sports team. 

There continue to be a lot of other things going on like the CeFi Contagion, Tornado Cash sensorship, Stablecoin regulation, global adoption of Digital Assets, etc - so remain vigilant. 

CRYPTO MARKET 

• Correlation growing between crypto and equity markets in Asia, says IMF (Cointelegraph)
• Crypto Market Cap Falls To $1 Trillion After Bitcoin Takes A Blow (NewsBTC)
• Why Crypto Could Heading For A Retest Of The Summer Lows (NewsBTC)

BITCOIN & ETHEREUM

Positive

• Dormant Bitcoin addresses now ‘hodl’ largest-ever amount of BTC (Finbold)
• Bitcoin long position interest hovers at highest levels in the last 12 months (Finbold)
• MicroStrategy’s Michael Saylor Signals Elon Musk to Purchase More Bitcoin (ZyCrypto)
• Bitcoin whales attack sellers at $22.3K as euro drops below USD parity (Cointelegraph)
• Hash Ribbons Give Buy Signal – Has Bitcoin Already Bottomed? (BIC | UToday | TDH | BIC)

Negative

• BTC to lose $21K despite miners’ capitulation exit? 5 things to know in Bitcoin this week (Cointelegraph)
• Bitcoin's 10% Weekly Drop Puts Bears in Control Ahead of Jackson Hole Symposium (Coindesk | Cryptoglobe | Cointelegraph)
• Bitcoin Corrects 17%, But Market Expects Fresh Rally Report Says (NewsBTC)
• Brace For Impact: Bitcoin MVRV Triple Ribbon Again Forms Bearish Cross (NewsBTC)

THE MERGE

• Crypto Researcher Points Out Ethereum’s Most Titanic Threat After The Merge (ZyCrypto)
• Ethereum Classic Continues To Feed Off “Merge” Hype As Hashrate Reaches ATH (Bitcoinist)

ALTCOINS & STABLECOINS

• XRP (XRP) Bounces Close to 900-Day Support Line (BIC)
• Cardano (ADA) Reclaims Strong Buy Territory – Here’s How (NewsBTC)
• Stablecoin issuers hold more US debt than Berkshire Hathaway: Report (Cointelegraph)
• USDC whale holdings percentage lowest in almost two years (Cointelegraph | NewsBTC)

ANALYST'S CORNER

Positive

• Willy Woo: Bitcoin Price Dropping To $21,000 Is Actually Not A Bad Thing, This Analyst Says (Bitcoinist)
• Gavin Michael: ICE-founded Bakkt CEO affirms ‘crypto isn’t going away’ despite heightened volatility (Finbold | Bitcoinist)
• Peter Brandt: Bitcoin Reached Potential Bottom; but can see more dumps (UToday | NewsBTC)
• Dave the Wave: Analyst Who Nailed May 2021 Bitcoin Crash Says BTC Looks Bullish With Plenty of Wiggle Room Despite Pullback (TDH)
• Raoul Pal: Crypto Market Cap Could Burst to $200,000,000,000,000 Amid Largest Wealth Accumulation in History: Macro Guru Raoul Pal (TDH)
• Raoul Pal: “I Think Everybody’s Underweight the ETH Merge Still” (Cryptoglobe | TDH)
• Arthur Hayes: Ethereum ($ETH): BitMEX Founder Says ‘The Short-Term Price Action Is Ugly,’  but ignore it (Cryptoglobe | TDH)
• Anthony Scaramucci: Traders Are Sleeping on BlackRock’s Crypto Move and 1B Wallets Required for BTC to Be Considered as Inflation-Hedge, Says Hedge Fund CEO (TDH | BIC | CryptoPotato | Cointelegraph | Bitcoinist)
• Mark Yusko: Hedge Fund Manager Details What He Thinks Will Bring In ‘Gazillions’ of New Crypto Users (TDH)

Neutral

• Santiment: XRP Network Abruptly Comes to Life As Number of Whale Transactions Surges to Three-Month High (TDH)
• Vitalik Buterin & John Deaton: Ripple and XRP Twitter Scuffle (TDH | Bitcoinist)

Negative

• Justin Bennett: Top Crypto Analyst Predicts Brutal Ethereum (ETH) Collapse Toward End of Year – Here’s His Target (TDH)
• Meltem Demirors: Chief strategist: The Merge is a ‘buy the rumor sell the news situation’ (Finbold)

NOTABLE VOICES

• Kim Dotcom: Big Crash Needed for Crypto to Go Mainstream (BIC)
• Evan Van Ness: Solana Might Be Going Back to "Zero," Says Famous Ethereum Maxi (UToday)
• Ted Cruz: Texas senator lauds Bitcoin mining as ‘a net plus for the environment’ (Finbold)
• David Duong: This Will Decide What Happens Next With Crypto, According to Coinbase’s Head of Institutional Research (TDH)

ACCEPTANCE/ADOPTION

• Ripple Execs Had A Word With Mayor Of Japan’s Fastest Growing City — Is XRP Adoption Likely? (ZyCrypto | Cryptoglobe)
• US, Ukraine, and UK lead in overall use of crypto globally, new study reveals (Finbold | Blockworks)

TORNADO CASH

• Cardano Founder Charles Hoskinson Says Tornado Cash Sanctions Set Extremely Dangerous Precedent (TDH)
• 75% of Laundered ETH Lands on Tornado Cash: Report (CryptoPotato)
• Tornado Cash Developer’s Arrest Sparks Protest in Amsterdam (Blockworks | Coindesk | EWN) 

CEFI CONTAGION

• Celsius CFO Says Company’s Cash Flow Will See It Through 2022 (BIC)
• Bankrupt Lender Celsius CEO Owes Creditors Transparency, Crypto Lawyer Says (Coindesk)
• Hodlnaut Encounters A Financial Deficit Of $193 Million: Report (EWN | TB)

BLOCKCHAINS

• Average Bitcoin transaction fee drops under $1 as network difficulty recovers (Cointelegraph)
• Ethereum advances with standards for smart contract security audits (Cointelegraph)
• What’s going on with Cardano’s testnet and Vasil hard fork? (Cointelegraph)
• 31% of Cardano SPO Nodes Have Upgraded to v1.35.3 (CryptoPotato)
• Cardano Now ‘Better Than Ever,’ Declares Ecosystem Dev Who Warned Of Catastrophic Testnet Issues (ZyCrypto)
• Grayscale Claims ‘Ripple Network Does Not Facilitate the Creation of Tokenized Assets’ (Cryptoglobe)

EXCHANGES

• XRP Rewards Announced by Binance for Users: Details (NewsBTC)

MINING

• Bitcoin miners’ revenue drops to a 12-month low as crypto industry struggles (Finbold)
• SBI Holdings Plan To End Crypto Mining In Russia Following The War (Bitcoinist)
• Bitcoin mining stock report: Monday, August 22 (TB)

LEGISLATION/REGULATION

• What Did US Lawmakers Ask Miners Core Scientific, Riot, Marathon & Stronghold? (Bitcoinist)
• Can Ethereum Fight Back Against the US’ Sweeping Censorship Attempt? (Coindesk)
• Australia Steps up Crypto Regulation With ‘Token Mapping’ Exercise (BIC | Coindesk)
• Ripple Lawsuit: John Deaton Predicts Shocking Thing That Might Happen After Summary Judgment Briefings (UToday)
• Ripple SEC Lawsuit: Why "Lot Is at Stake," John Deaton on Fox Business (UToday)

THE BAD

• Bitcoin ATM Company Targeted by Hackers Exploiting Zero-Day Bug: Report (TDH)

PODCASTS

• Stephan Livera Podcast: SLP408 Jeff Booth Bitcoin’s Signal in the Noise
• Bitcoin Magazine Podcast: Bitcoin Education in College and University w/ Korok Ray
• The Breakdown: Are Crypto Safe Harbors an Idea Whose Time Has Come?
• The Wolf of All Streets: Dan Gunsberg Disrupts The Derivatives Markets And Expects Billions Of Dollars Into Crypto
• What Bitcoin Did: What’s Happened Between Ukraine and Russia with Matthew Mežinskis
• On The Brink: Brooke Pollack (Hutt Capital) on the Blockchain Fund of Funds Landscape
• The Crypto Conversation: The 300th Episode of the Crypto Conversation
• TFTC: #352: Freedom of speech in the digital age with Preston Byrne