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. 

"Courage is being scared to death - but saddling up anyway."
- John Wayne

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Happy Tuesday Folks! Bitcoin struggles to initiate a bounce from $21K and is currently trading around $21,478.78; the addresses that are in loss have hit a 1-month high. In addition, data shows Bitcoin and altcoins are at risk of a 20% drop to new yearly lows. On the daily chart, overhead resistance at $22.8K will need to be broken through with volume and if that happens, I can see a strong rally back to retest $25K and possibly breaking through if it does; this might happen by this weekend. Note: DBS reports 4x growth in Bitcoin buys - someone is accumulating right?

Analyst's Poppe and Smart Contracter both see sharp rallies for Bitcoin, Ethereum, and the Crypto Markets; Ethereum is currently the most actively developed Crypto. Miners continue to struggle but believe the opportunity outweighs the crisis because if Bitcoin hits $2M then energy cost will be .5% of global energy; ESG continues to be of concern as Iran clamps down on mining.

CRYPTO MARKET

• Crypto Markets Stabilize After Steep Weekly Declines, Traders Show Near-Term Bearish Bias (Coindesk)

BITCOIN & ETHEREUM

Positive

• Investors Take Bitcoin Off Crypto Exchanges ‘Like Never Before’. A Reason To Cheer? (ZyCrypto | TDH | Bitcoinist | Bitcoinist)
• Bitcoin price eyes $22K as US PMI data hits lowest since May 2020 (Cointelegraph)
• Crypto community sets Bitcoin price for September 30, 2022 – Survey (Finbold)
• $BTC: A Weaker U.S. Dollar Allows Bitcoin and Rest of the Crypto Market to Move Higher (Cryptoglobe)
• Ethereum Sees Turnaround in Sentiment Among Institutional Investors As Merge Approaches: CoinShares (TDH)

Neutral

• Crypto City Guide to Prague: Bitcoin in the heart of Europe (Cointelegraph)
• Why Bitcoin And Ethereum Saw A Spike In Correlation With Asian Equities (NewsBTC)
• Here’s why holding $20.8K will be critical in this week’s $1B Bitcoin options expiry (Cointelegraph)

Negative

• Bitcoin (BTC) Struggles to Initiate Bounce From $21,000 (BIC)
• Bitcoin addresses in loss hit 1-month high as BTC price retests $21K (Cointelegraph)
• Data shows Bitcoin and altcoins at risk of a 20% drop to new yearly lows (Cointelegraph)
• Warren Buffett pivots to U.S. Treasuries — a bad omen for Bitcoin's price? (Cointelegraph)
• This Bitcoin Indicator Flashes Once Again; Will BTC Weakness Continue? (UToday)
• Crypto community predicts Ethereum to trade above $2,000 by end of September 2022 (Finbold)
• What crashed the crypto relief rally? | Find out now on The Market Report (Cointelegraph)
• Bearish Indicator: Bitcoin Retail Volumes Show Weakness In Rally (NewsBTC)
• Bitcoin Realized Losses Going Down, But Still At Significant Value (NewsBTC)
• Analyst Says Bitcoin (BTC) and Crypto Bear Market Just Getting Started – Here’s Why (TDH)
• Bitcoin (BTC) Will Not Reach New ATH Until 2025 – 7991 People Poll (BIC)
• A bullish Bitcoin trend reversal is a far-fetched idea, but this metric is screaming 'buy' (Cointelegraph)

NEXT STEP TO WIDESPREAD BITCOIN ADOPTION: COMMUNITY BANKS

THE MERGE

• ConsenSys Highlights 5 Misconceptions About Ethereum’s “Merge” Upgrade (Cryptoglobe)
• The Merge’s initial success is key to driving Ethereum much higher, Nexo CEO reiterates (Finbold | TDH)
• Bitfinex offers new chain split tokens ahead of Ethereum Merge (Cointelegraph)
• Weekly Ethereum Staking Deposits Hit Record Low Just Weeks Before Merge (Decrypt)
• With Ethereum’s “Merge” 22 Days Away, CZ Says “Trade $ETH for Free on Binance” (Cryptoglobe)

ALTCOINS & STABLECOINS

• Ripple Sells Millions of USD in XRP as It Partakes in Shifting 318 Million XRP (UToday)
• XRP and Cardano (ADA) Managed to Attract Positive Flows Last Week Despite Crypto Market Drop (UToday)
• Cardano (ADA) Can Now Be Bought Directly with Japanese Yen Due to New Listing (UToday)
  
• Solana SOL Eyes Key Support At $31, Will It Survive The Next Leg Down? (NewsBTC)

TORNADO CASH

• Ethereum community splits over solutions for transaction censorship (Cointelegraph)
• Tornado Cash saga highlights legal issues affecting the crypto market (Cointelegraph)
• US Lawmaker Emmer Asks Treasury Department to Explain Tornado Cash Sanctions (Coindesk | TB | Decrypt | Bitcoinist | Cointelegraph | BIC | Blockworks)
• Tornado Cash Used to Obfuscate Over $2,440,000,000 Worth of Ethereum (ETH) in First Half of 2022: Report (TDH)

CEFI CONTAGION

• Celsius & KeyFi Lawsuit (EWN | TB | Bitcoinist | Decrypt | Cointelegraph | Blockworks | CryptoPotato | BIC | UToday | TDH | Coindesk | Coindesk | Finbold)
• Celsius, 3AC demonstrated why financial infrastructure should move on-chain (Cointelegraph)
• Celsius Alleges Prime Trust Owes $17M In New Lawsuit (Blockworks | TB | Cointelegraph)
• Creditors of Bankrupt Voyager Digital Oppose Company Giving Out Bonuses to Employees (TDH)

ANALYST'S CORNER

• Michael van de Poppe: Popular Analyst Predicts Sharp Rallies for Bitcoin and Crypto Markets, Says Latest Pullback Flashing 2018 Bear Market Bottom Vibes (TDH)
• Smart Contracter: Analyst Who Called 2018 Bitcoin Bottom Predicts Strong Ethereum Rally by End of 2022 – But There’s a Catch (TDH)
• Negentropic: These 5 Factors Speak Against Bitcoin: Glassnode Co-Founder (UToday)
• Peter Schiff: Bitcoin Basher Pounces Again, Warns BTC Doomed For Another Terrifying Crash (ZyCrypto)
• Raoul Pal: Here’s the Worst-Case Scenario for Bitcoin (BTC) in 10 Years (TDH)

ARE HIGHER EDUCATION INSTITUTIONS STARTING TO EMBRACE BITCOIN?

NOTABLE VOICES

• Kathy Kraninger: Certain regulatory clarity could be 'hugely detrimental' for crypto, says former CFPB director (Cointelegraph)
• Andreessen Horowitz: Crypto Can Shift Power Away From Big Internet Companies: Report (Coindesk)
• Eric Wall: POS Argues Ethereum Will Be Censorship and OFAC Resistant (BIC)
• Charles Hoskinson: Cardano Creator Addresses Criticism About "Hush-Hush" Culture (UToday)
• Ted Cruz: Texas Senator Says Bitcoin Can Bring Prosperity, Calls BTC Mining a Net Plus for Environment (TDH)

BLOCKCHAINS

• Ethereum is currently the most actively developed crypto, Polkadot ranks 2nd (Finbold)
• Cardano (ADA) Beats PayPal, Netflix & YouTube In Annual Energy Efficiency (ZyCrypto)
• Dogecoin-Ethereum Bridge Expected to Go Live in 2022 (UToday)

THE SCALING PROBLEM FOR LIGHTNING LAB’S TARO ON THE BITCOIN BLOCKCHAIN

EXCHANGES

• DBS bank reports 4X growth in Bitcoin buys on DDEx exchange in June (Cointelegraph | BIC | NewsBTC)
• Coinbase faces class action for crashing during volatility, listing securities (TB | CryptoPotato | TDH)

MINING

• Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits (Cointelegraph)
• Bitcoin mining to cost less than 0.5% of global energy if BTC hits $2M: Arcane (Cointelegraph)
• Transparency Is Coming to Bitcoin Mining as Institutions Eyeball ESG (Blockworks)
• Iran Continues Clamp Down on Illegal Crypto Mining (BIC | Blockworks | Bitcoinist)
• Bitcoin mining stock report: Tuesday, August 23 (TB)

LEGISLATION/REGULATION

• Crypto Attorney Predicts Tidal Wave of Evidence in Ripple and XRP Suit When Summary Judgment Motions Go Public (TDH)
• Former CFTC Chair: Here's How SEC and CFTC Can Work Together to Regulate Crypto (Coindesk)

THE WIERD

• Tech mogul John McAfee ‘faked death and is alive’ in Texas, ex-girlfriend claims (Finbold | ZyCrypto) 
• Heather Morgan from Bitfinex money laundering scandal breaks 6-month social media silence (TB)
• DOJ charges Miami-based trio with defrauding banks, crypto exchange for $4 million (TB | BIC)

PODCASTS

• Bitcoin Magazine: Bitcoin's Incentives Are Perfect w/ Tomer Strolight and Nico
• Unchained: Why Is Ethereum Trying to Maximize Value From Users? Two Sides Debate
• Bitcoin Audible: Read_645 - A Look at the Lightning Network - Part 2 [Lyn Alden] 
• Decrypt Daily: Aug 22: FTX’s Revenue Soars 1000%!