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Happy Monday Folks! Over the Weekend, Bitcoin 2023 wrapped up with this years conference being not that great for energy or attendance. However, energy is being created for next year as they have announced Bitcoin 2024 in Nashville! Tickets are currently $299 so don't miss out. The price of Bitcoin is currently at $26,788.57. The fear and greed index inched a tad to 49 and the best performing asset for the past 24 hours is $MATIC up 0.66%; in position #9. Let's get on to the news...

Trending News Topics:

• Huobi to shutdown operations in Malaysia (5)
• Accepting Bitcoin Donations (4)
• Decision time for Bitcoin (3)

BITCOIN

There is a six-week descending wedge on the Bitcoin chart and this is bearish. Volatility is on the horizon as trading range narrows to tightest in months. However there is a differentiating of opinions on which way Bitcoin will go: Jamie Dimon is forecasting a plunge and Nicholas Merten is forecasting $12K/Mike McGlone thinks $7K, but Tone Vays believes Bitcoin could move higher as well as Santiment. Who will be right? One thing for sure is what Binance tweeted out: 8B People, 62.5 Millionaires, and only 21M Bitcoin: Do the math. Btw, today is Pizza Day and Bitcoin could soon begin a retest of $30K; don't forget Tether adding buy pressure by allocating up to 15% of its profits.

In addition, the debt-ceiling debate continues to rage on. President Joe Biden won't accept a deal on rising the debt ceiling unless tax loss harvesting is put in place for Crypto. Speaking of Presidents, two candidates for 2024 are accepting Bitcoin donations: RFK Jr and Vivek Ramaswamy; Kennedy vows to defend Bitcoin.

Should corporations add Bitcoin to their holdings? Look at MicroStrategy and Tether - you answer that question. Speaking of MicroStrategy, Michael Saylor appears to be a fan of BRC-20 tokens as long as they are done legally. The BRC-20 tokens continue to raise fees and that could be a good thing. The world’s first ‘Bitcoin Tower’ set to be built in Dubai.

ETHEREUM

Ethereum could reverse and head toward $1,900.

STABLECOINS

Tether trading volume falls to multi-year lows and is added to the STRIKE app.

ALTCOINS

Cardano accumulation in full effect.

EXCHANGES

Don't look now but DCG is under fire because they missed out on sending $630M payment to Gemini. Malaysia tells Huobi to stop operations. Hotbit exchange halts operations, urges users to withdraw funds. Coinbase is lobbying with TV ads "Moving America Forward."

LEGAL CASES

A settlement is coming but, even though it appears the emails from the SEC itself says XRP is NOT a security; it is believed that the SEC could still win it's case against Ripple but I doubt it; meanwhile XRP Ecosystem is thriving. BlockFi has been ordered to withdraw their unapproved reorganization plan; it was shared prematurely.

ATTACKS/HACKS/SCAMS

Tornado Cash DAO gets attacked and 57-year-old Bryan Lee from Nevada faces decades in prison after feds charged him in alleged defrauding 10,000 investors out of $45M in  Crypto.

WATCH

LISTEN

Podcast of the Day: SLP480 The Bitcoin Handbook - Anil Patel | SLP

Other Podcast

• 172 - DEBATE: Why We Need a Digital Dollar | Rohan Grey vs. RSA | Bankless
• Why Ordinals and BRC20 Tokens are Driving Bitcoin Layer 2 Development | The Breakdown