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Follow Dat Money | Crypto Projections
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Welcome to Thursday Folks! Yesterday, the Fed raised rates 25 bps and Bitcoin popped then dropped but not as much as some would imagine. Now it seems to have found a base above $27K and could be headed higher. I believe the days below $20K might be coming to an end but anything is possible right? Crypto Fear and Greed Index is at 57 down from 62 yesterday - which is good. Let's drive into the news...
Trending News Topics:
- SEC ready to fight Coinbase (9)
- Do Kwon No longer on the run (6)
- Telegram announce USDT payment on TRON (3)
CRYPTO
Crypto Traders Lose Over $250M in Liquidations After Fed Rate Hikes and Regulatory Actions.(2) The Not-so-Secret Plan to Kill Crypto.
BITCOIN & ETHEREUM
Bitcoin Price Corrects But Uptrend Is Still Intact and BTC Could Rally Again. Bitcoin outperforms 97% of all S&P 500 companies in 2023. Bitcoin begins to claw back Fed-related losses, back above $27,500.(2) Bitcoin erases Fed losses as traders eye $40K BTC price target. Bitcoin Holds Steady Above $28K, Ether Rises in Post-Rate Hike Rally. Bitcoin corrects on Fed rate hike, but bulls are prepared for Friday's $1.2B options expiry.
Bitcoin Miners' Revenue From Fees Rises Suggesting the Onset of Major Bull Run. Ethereum faces 6-month lows versus Bitcoin — Will ETH price rebound? Ethereum Network DRPC Aims to Quell Centralization Risks Ahead of Shanghai Upgrade.(2)
OPINION: Balaji Srinivasan Warns US Government Will Cut Off Access to Bitcoin (BTC) As Banking Crisis Deepens
ATTENTION: Bitcoin treasure hunt on the moon: Brilliant scheme or crazy publicity stunt?
STABLECOINS & CBDCs
Telegram Announces USDT Stablecoin Payments on Tron Network.(3) Adopting CBDC could destabilize banks, help households, US Treasury study says. UAE Central Bank launches ‘The Digital Dirham’ CBDC strategy.(3) Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg.
OPINION: Tether CTO on USDC depeg: ‘Bitcoin maxis were right all along.’ Just Saying No to Digital Dollars Means Cementing the Surveillance Status Quo.
ALTCOINS
Does Ripple XRP Price Volatility Mean Bullish Reversal Has Finally Begun? XRP Maintains 25% WTD Growth, Here's What Investors Should Watch out For. $ADA: EMURGO and Bitkub Exchange Join Forces to Boost Cardano’s Presence in Thailand. Dogecoin (DOGE) Signals Imminent Price Resurgence, Is It Time to Buy the Dip?
LESSON: How to stake Cardano (ADA)
EXCHANGES & BANKS
Circle sidesteps SWIFT after bank collapses, turns to Gibraltar's Xapo Bank.(2) Kraken to Suspend ACH Deposits and Withdrawals Following Silvergate Shutdown.(2) Bittrex Global Offers No-Fee Trading on USDC and EUROC Markets.
OPINION: Ledger CEO Pascal Gauthier: The collapse of banks is a ‘crash course to Bitcoin.’(2) Banking turmoil pushes crypto to ‘no oversight,’ says Circle CEO Jeremy Allaire. ARK Invest’s Cathie Wood Says Institutions Will Come for Bitcoin (BTC) Amid US Banking Crisis.
LESSON: What is a Multisignature (MultiSig) Wallet?
LEGISLATION & REGULATION
Crypto Tycoon Mike Novogratz Reacts to Call for Strict Oversight of Digital Assets. French Lawmakers Agree to Effectively Ban Crypto Influencer Promotions. SEC Urges Investors to Be Cautious With Crypto Securities.
OPINION: SEC promotes self-custody and DeFi staking. The SEC’s Scattergun Approach Shows Its Weakness.
LEGAL CASES
Coinbase could face SEC enforcement action for 'potential violations of securities law'; community fired up.(9) Coinbase and Algorand give divergent reasons for staking reward suspension. FTX Bankruptcy Estate to Claw Back $460M From Modulo Capital.(2) Terraform Labs founder Do Kwon arrested in Montenegro.(6) Mysten Labs to Buy Back Equity, Token Warrants From FTX Bankruptcy Estate for $96M; FTX agreed.
OPINION: Coinbase CEO Brian Armstrong on its Wells notice: SEC is like soccer referees in a game of pickleball. Is Brian Armstrong Guilty of Insider Trading? Here's What Community Thinks. Crypto Advocate Brett Quick Sees 'Silver Lining' for the Industry in SEC's Warning to Coinbase.
LESSON: What Is a Wells Notice and What Does It Mean?
ATTACKS/HACKS/SCAMS
North Korean Hacker Attempts To Phish Euler Finance Exploiter Via Encrypted Message.
WATCH
LISTEN
Podcast of the Day: Arthur Hayes Says, “Get your Bitcoin, and Get Out!” | Bankless
Other Podcast
- The Chopping Block: Why AI Will Change the Course of History in Crypto | Unchained
- Why Progressives Need Bitcoin with Trey Walsh | What Bitcoin Did
- Read_713 - How the Fed "Went Broke" [Lyn Alden] | Bitcoin Audible
- The Fed's Balance Sheet Jumped $300B Last Week. Is That Inflationary? | The Breakdown
- The Banks Are Breaking W/ Caitlin Long, Greg Foss, Lawrence Lepard And Many More | Bitcoin Magazine
- Can The Fed Keep Raising Rates Amidst A Banking Crisis? | Michael Howell | On The Margin
