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Welcome to Thursday Folks! Looks like the exchanges are making the news today. FTX coming in strong with a $1B raise to acquire more Crypto companies, Binance hiring Max Baucus, former Senator, to setup an advisory board, and Coinbase secures registration from the Netherlands' central bank.
As the Fed raised rates 75 basis points once again, the market volatility was all over the place. First it was up, then down, now it's making a push higher as Bitcoin is trading around $19,239.00. There is a new metric that suggest the bottom is imminent (code word for we have no clue where the bottom is) and Ethereum isn't doing so well Post Merge and now it's Cardano's time. Never a boring moment in the world of Crypto right?
POD: Bitcoin Audible: Read_655 - The Legendary Treasure of Satoshi Nakamoto [Tomer Strolight]
Trending
- Coinbase Refutes Claims It Tested Proprietary Trading (BIC | EWN | Blockworks | Bitcoinist | Cointelegraph | Decrypt | Cryptoglobe)
- Binance Hires Big-Name Former Government Officials to Set Up Advisory Board (Coindesk | Blockworks | TB | Cointelegraph | BIC)
- As XRP Rallies, Some Traders Buy Year-End Bullish Bets in the Options Market (Coindesk | UToday | Finbold | UToday | Cointelegraph)
Gaining Traction
- Crypto Exchange Coinbase Secures Registration From Netherlands' Central Bank (Coindesk | TB | Cointelegraph | Finbold | TDH)
- Russian officials approve use of crypto for cross-border payments: Report (Cointelegraph | CryptoPotato | ZyCrypto | TB | Bitcoinist)
- FTX wants to raise up to $1B at its $32 billion valuation: CNBC (TB | Coindesk | BIC | Blockworks)
CRYPTO MARKET
- Total crypto market cap shows strength even after the Merge and Federal Reserve rate hike (Cointelegraph)
BITCOIN & ETHEREUM
Positive
- New Metric Suggests Bitcoin (BTC) Price Bottom is Imminent (BIC)
- Amount of ‘HODLed’ Bitcoin hits a 5-year high amid heavy market volatility (Finbold)
- This Bitcoin long-term holder metric is nearing the BTC price 'bottom zone' (Cointelegraph)
- Bitcoin Spot Volume Remains Elevated With Price At Deep Discounts (Bitcoinist)
Neutral
- Unpacking The Bitcoin Volatility Triggered By The FOMC (Bitcoinist)
- Stabilizing Ethereum Funding Rates Suggests Recovery Might Be In The Works (NewsBTC)
Negative
- Bitcoin Taps $18,100, Why This Is Dangerous For The Market? (NewsBTC)
- Bitcoin’s 60% year-to-date correction looks bad, but many stocks have dropped by even more (Cointelegraph)
- Ethereum risks another 10% drop versus Bitcoin as $15.4M exits ETH investment funds (Coindesk)
- Ethereum Whales Rapidly Dropped Their Holdings After Merge, Here's Why (UToday)
- Ethereum Token Issuance Plummets 95% Following Merge (Decrypt)
ALTCOINS/STABLECOINS/CBDCs
- Solana-based transactions hit 100 billion milestone in 2 years (Finbold | UToday)
- While Dogecoin Has $7 Billion Market Cap, Bear Market Is Far from Over, Says Prominent Fund Manager (UToday)
- Iran to begin ‘crypto rial’ CBDC trial despite possible lack of infrastructure: Report (Cointelegraph)
- FV Bank and Circle announce integration for USDC deposits (TB)
- Crypto advocate: Industry ‘agnostic’ to ‘mildly negative’ on digital dollar (TB)
CARDANO VASIL HARD FORK
- $ADA: Cardano Ecosystem Ready for Vasil Hard Fork After Meeting ‘Critical Mass Indicators (Cryptoglobe)
- Cardano’s Big Day Arrives, Whales Grab ADA in Last-Minute Rush (UToday)
- Cardano (ADA) Withdrawals on Binance Might Be Temporarily Suspended at These Two Times: Details (UToday)
- Highly Anticipated Cardano (ADA) Vasil Hard Fork Upgrade Scheduled To Go Live in Matter of Hours (TDH | Decrypt)
CELSIUS RECOVERY
ANALYST'S CORNER
Positive
- Dave the Wave: Analyst Who Called May 2021 Bitcoin Collapse Says BTC in Opportunity Zone Despite Market Uncertainty (TDH)
- Guy: Ethereum Merge Likely To Boost ETH Price Over the Long Run, Says Coin Bureau Host – But There’s a Catch (TDH)
Neutral
- Michael van de Poppe: Bitcoin must reclaim $19,000 as support to have any ‘bullishness,’ says crypto expert (Finbold)
- Michael van de Poppe: Bitcoiners Looking for ‘Moon or Doom’ Should Do One Thing Until 2023 (TDH)
- Peter Brandt: Bitcoin Price: Veteran Trader Dispels Age-Long Myth on What Drives BTC (UToday)
Negative
- Guy: Coin Bureau Host Warns of Turbulent Winter Ahead for Crypto Markets, Says High Rates Could Pummel Bitcoin (TDH)
- Mike Novogratz: Billionaire Forecasts Ethereum (ETH) Bottom, Rules Out One Outcome for Bitcoin (BTC) (TDH | Cryptoglobe)
- JPMorgan: Concerns for Ethereum Blockchain After the Merge (Coindesk | Finbold)
NOTABLE VOICES
- Jamie Dimon: JPMorgan Chase CEO Says He Is a Not Skeptic on Blockchain, DeFi, and Utility Tokens (Cryptoglobe)
- Jamie Dimon: JPMorgan CEO blasts Bitcoin and crypto as ‘decentralized Ponzi schemes’ (Finbold)
- Rohit Chopra: Washington is too obsessed with cryptocurrencies, CFPB director says (TB)
ACCEPTANCE
- Regulated fintech in Bahrain enables crypto payments with Binance (Cointelegraph | BM | Bitcoinist)
EXCHANGES/ATMS
- How Bitcoin ATMs in Greece fare during a record-breaking tourist season (Cointelegraph)
MINING
- Amid Market Rout, Crypto Miners Are Still Building (Coindesk)
- Bitmain Discounts Bitcoin Mining Machines in an Already Depressed Market (Coindesk)
- Riot Blockchain Sues Northern Data Over Disclosures Related to Texas Bitcoin Mine Acquisition (Coindesk)
- By The Numbers: How Bitcoin Mining Stacks Up Next To Gold & Oil (Bitcoinist)
- Bitcoin mining stock report: Thursday, September 22 (TB)
- Compute North files for Chapter 11 bankruptcy (TB | Blockworks | Cointelegraph | Coindesk | Coindesk)
LEGISLATION/REGULATION
- Crypto Remains a Priority for UK Under New Leader, Drawing Industry Excitement (Coindesk)
- UK Introduces Law to Seize, Freeze and Recover Crypto (Coindesk | TB | Blockworks | TDH)
- Former CFTC chair rules out the need to enact new laws in regulating stablecoins (Finbold)
- Republican Lawmakers File Amicus Brief in Support of Custodia Bank’s Legal Battle With the Federal Reserve (Coindesk)
- Here’s What’s In the White House’s Crypto Reports (Coindesk)
- Rep. Davidson says 'outside chance' of stablecoin bill this year, likely next year with GOP majority (TB | Cointelegraph)
LEGAL BATTLES
- Messari: Brad Garlinghouse Made Ripple the Crypto Industry’s ‘Unlikely Champion’ (Cryptoglobe)
- XRP Lawsuit: Ripple Moves To Block SEC’s ‘Transparent Attempt’ To Delay Court Proceedings (TDH)
- SEC Wants to ‘Remake the Law,’ Rather Than ‘Apply it,’ Says Ripple General Counsel (Coindesk | Cryptoglobe)
- Chamber of Digital Commerce gets approval to join the SEC vs Ripple lawsuit (Cointelegraph)
- Top Ripple Lawyer Warns Crypto Regulatory Hostility Is Hurting the US Severely – Here’s Why (TDH)
LISTEN
- The Wolf Of All Streets: How Human Behavior Drives Markets | Jim O'Shaughnessy
- What Bitcoin Did: Mining Bitcoin with Nuclear Energy with Ryan MacLeod
- Stephan Livera: SLP415 Prince Philip - Bitcoin, Monarchy, Nation State Adoption
- Unchained: Is Bitcoin Doomed to Fail? Eric Wall and Justin Bons Face Off
- The Crypto Conversation: Aventus Network - From Ethereum to Polkadot
- Decrypt Daily: Sept 21: CBDCs: The Inevitable Erosion of Privacy?
