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Should You Be Investing in Crypto Now?

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It's Fridayyyy Folks! Yesterday was a powerhouse for some wild news. Of course it's about SBFraud and he's OUT on 250MM Bail (which his parents only had to pay 10% of that by leveraging real estate) and Caroline Ellison has made a plea deal where she will probably NOT see prison time; smh. 

Today there really isn't much trending news but Hong Kong legislator aims to woo Web3 business through a startup accelerator. Meanwhile, Bitcoin continues to inch higher in hopes of some kind of Santa Claus rally and Eric Krown believes higher is in order. 

WATCH

LISTEN

Podcast of the Day: Crypto Thesis for 2023 | Ryan Selkis | Bankless

Other Podcast

• Bitcoin Mining's Year In Review with Coin Metrics | The Mining Pod
• SLP445 Dhruv Bansal - Surviving and Innovating In Bitcoin Bear Markets | Stephan Livera
• Dec 22: The Fraudster SBF Has Landed | Decrypt Daily
• Crypto has the highest 'talent density' since the internet's early days, says GSR CEO | The Scoop
• Martin Shkreli Explains Why Sam Bankman-Fried Got Lucky With His Judge | Unchained
• Omnibus Bill, Taxation and Bitcoin Day Naples Florida with Bitcoin Day - December 22nd, 2022 | Cafe Bitcoin

SOURCES

CRYPTO MARKET

• Hong Kong Legislator Aims to Woo Web3 Businesses Through Startup Accelerator (BIC | TB | Cointelegraph)
• Regulate crypto before 'systematic problems' occur, BoE official says (TB | Bitcoinist)
• SEC increasing scrutiny of crypto 'proof-of-reserves': WSJ (TB | Cointelegraph)
• Crypto Auditors Come Under SEC Scrutiny (BIC | Coindesk)
• Is Craig Wright’s Campaign to Convince the World That He Invented Bitcoin Over? (Decrypt)
• Crypto Investors Maintain Optimism Towards 2023 Despite a Tumultuous 2022, Says Report (BIC)
• New Data Shows Over 80,000 Crypto Related Jobs Filled In 2022, Despite Mass Layoffs (Bitcoinist)
• U.S. delays crypto tax reporting rules, as it still can’t define what a 'broker' is (Cointelegraph)

BINANCE

• Binance addresses 7 instances of recent FUD in Chinese blog post (Cointelegraph)
• Investor Mike Alfred claims Binance has no CFO, in talks with W. Buffett’s firm for funding (Finbold)
• $BNB Chain Surpasses Ethereum ($ETH) in Unique Addresses as Daily Active Users Soar (Cryptoglobe)
• Binance Failing to Get US Exchange Listings for BNB Is Yellow Flag for Crypto Analysts (Cointelegraph)

BTC

• Bitcoin Price Poised To Rally Big-Time On Today’s PCE Release (NewsBTC)
• BTC miner Core Scientific gets interim nod for $37.4M bankruptcy loan (Cointelegraph)
• 2023 Will Be the Death of Bitcoin Energy FUD (Coindesk)
• Bitcoin’s new rally could start at this price, historical data hints (Finbold)
• US Inflation Gauge PCE Clocks in at 4.7% YoY (CryptoPotato)
• BTC price ignores US PCE data at $16.8K as Bitcoin rejects volatility (Cointelegraph)
• Crypto miners bracing for impact from brutal winter storm (TB)
• Blockware Customer Accuses Bitcoin Mining Firm of Fraud (Coindesk | Cointelegraph)

ETH

• ZK Rollups Bring Ethereum's Decentralized Vision Into Focus (Coindesk)

XRP

• Former Ripple Executive Defends $XRP’s Utility, Says Smart Contracts Are Coming (Cryptglobe)
• Ripple: SEC Begs Court Not To Disclose Hinman Documents, Threatens Appeal (Bitcoinist)
• Ripple Ally Files Motion for Oral Argument in Objection to SEC's Penalty (UToday)
• Where Now for XRP Price as It Bounces at 192-Day Support? (BIC)
• XRP Price Acts Encouraging as SEC Announces Change in Major Post (UToday)
• XRP Lawsuit Sees New Twist As Ripple And SEC Push For Extension of Joint Motion to January 13 (ZyCrypto)

DOGE

• Dogecoin Enjoys 5% Rebound After Month-Long Tumble (Decrypt | UToday)
• Dogecoin ($DOGE) Listed on ‘World’s Longest Running Crypto Exchange’ Bitstamp (Cryptoglobe)

ADA

• Cardano dazzled in 2022 despite challenging year, network metrics show (Finbold)
• Cardano Turns Bullish As Sharks Accumulate $83 Million ADA In 6 Weeks (Bitcoinist)
• Cardano Developers Roll Out New Ultra-Bullish Innovations Ahead Of 2023 (ZyCrypto)

MATIC

• MATIC Price Enters Recovery Mode But Can It Touch $0.90? (NewsBTC)

FTX FIASCO

• FTX asks court for help in battle over $450 million in Robinhood shares (TB | Blockworks)
• SEC General Counsel Quits After ‘Cozy Relationship’ With SBF and FTX (BIC | Cointelegraph)
• Rating agencies, not regulators, can rebuild trust in crypto after FTX (Cointelegraph)
• Outgoing Top SEC Lawyer Dined With SBF During FTX Lobbying Spree (Blockworks) 
• FTX asks bankruptcy judge to stop BlockFi from claiming Robinhood shares (Cointelegraph | Coindesk | BIC)
• FTX Started Paying Bankruptcy Lawyers Months Before Filing (Blockworks)
• Bankman-Fried's Incredible Shrinking ‘$250 Million Bond’ (Coindesk)
• Billionaire Investor Bill Ackman Defends Sam Bankman-Fried After $250M Bail (BIC)
• Caroline Ellison tells court she knowingly misled lenders: Bloomberg (TB)