"I can't change the direction of the wind, but I can adjust my sails to always reach my destination."
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Most Covered News:
- BlockFi uncensored financials reportedly shows $1.2B FTX exposure; nope.(5)
- Pantera, Kraken, and Others Join Consortium for Injective Labs’ $150M Fund (CryptoPotato | Coindesk | Cointelegraph | TB) (4)
- Short-term Bitcoin investors are taking profit after the pump as Bitcoin seesaws above and below $23K again.(3)
Guess what day it is? HUMPDAY! Folks, on this slow news cycle Wednesday, the warnings are beginning to flow in that Bitcoin might see some downside pressure. Both Lyn Alden and Glassnode believes more downside is coming in the short term so pay attention.
How Industry Can Prevent the Crypto Winter From Becoming an Ice Age. Sweeping Crypto regulation? First update the Bank Secrecy Act. Arizona Senator Wendy Rogers introduces bill to make Bitcoin legal tender in the state.(3) ARK Invest Predicts Market Rebound, Says Crypto Assets To Become Valued for Scarcity in Age of Abundance. Financial Advisers Mostly Unfazed by Crypto’s 2022 Volatility. US Needs ‘Rules of the Road’ for Crypto or Risk Falling Behind in Market Leadership. Elizabeth Warren rallies crypto critics to defend the SEC's record post-FTX.(3) White House science office calls for comments on its digital asset research agenda.
Indonesia Regulatory Switch Could See Crypto Classed as Securities, Not Commodities. Irish Central Bank Chief Calls for Ban on Crypto Advertising: Bloomberg.(2) What You Need to Know About Crypto Regulation in Hong Kong, Singapore, Japan.
Bitcoin trading around $22,400 as crypto prices pullback with equities in the red; $1.48B in Bitcoin options expire on Friday — Will BTC hold $22K? Bitcoin nears first-ever death cross on 1-week chart; End of BTC rally? Bitcoin's Upswing Is Reminiscent of 2019 Bull Revival, but Lyn Alden believes Bitcoin faces 'considerable danger' from Fed in 2023. In addition, analytics firm Glassnode issues Bitcoin alert, says $BTC may face sell pressure from short term holders. Meanwhile, ‘Bitcoin Rainbow’ chart suggests $BTC is now officially in a bull run; But is it? El Salvador Wins Its Bitcoin ($BTC) Bet, Critics Fail and Goldman Sachs ranks Bitcoin as the best-performing asset of 2023.
Bitcoin Bull Market to Start Once US Inflation Drops to 4-5%: Scaramucci. Tesla Held All Its Bitcoin Through Crypto Market Turmoil.(2)
More turbulent times ahead for bitcoin miners, Galaxy Digital says. Top TradFi institutions lent Millions to Crypto miner Core Scientific. Bitcoin mining brings more than money to this East African country. Australia ranks 3rd in crypto ATM installations after US and Canada.
Ether Price Is Losing Ground Against Bitcoin. Ethereum ($ETH) may soon gain privacy features while number of new Ethereum validators remains flat ahead of Shanghai upgrade. Binance USD Stablecoin Sees $2B Reduction in a Month Amid Token Mismanagement. Bulls keep close eye on $XRP for breakout amid lengthy consolidation phase. $1 $ADA Price Beckons As Cardano’s Djed Stablecoin Is Finally Scheduled For Launch Next Week. Majority of Dogecoin ($DOGE) holders now in profit. Chris Burniske believes you shouldn't be bearish on Solana ($SOL.)
Crypto lender Celsius wins court approval for customer withdrawals, flare token airdrop.(3) Judge denies motions from Celsius users seeking to reclaim assets. Grayscale won’t back down even if court backs SEC’s spot Bitcoin ETF decision.(2) 'Bitcoin Jesus' Says He Has the Money to Pay Ailing Crypto Lender Genesis.(4) DCG companies have laid off over 500 employees as contagion spreads.
Ripple vs. SEC: Plaintiff’s Supporter Wants to Remain Anonymous. Ripple, Binance impersonators target XRP holders via fake staking program. Owner of Bithumb Slapped with Arrest Warrant Request.(3) Robinhood's Twitter hacked, users tricked into buying fraudulent crypto project.(2)
Well that is a wrap folks, if you'd like to be in the know throughout the day, join me on Wubits where I am constantly sharing my thoughts about the Crypto market and personal development type topics. It's a community where you can meet REAL people, make REAL connections, and have REAL conversations. Thanks again for reading, watching, and listening with me.
Podcast of the Day: BTC114: Bitcoin is Banking & Electrifying the Developing World w/ Lyn Alden and Alyse Killeen | Bitcoin Fundamentals