"The foolish man seeks happiness in the distance, the wise grows it under his feet."
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Happy Monday Folks! Bitcoin remained above $20K so that is the first step in calling this a bottom. Will we ever see it under $20K again? That is the question. Bitcoin must remain above $21.5K if that doesn't hold, we will see below $20K once again but I still believe the bottom is in. The Fed will have an opportunity to try and push it down further by raising rates higher and higher, so let's remain patient and prepare for whatever might happen. 

Last week we saw billions of dollars of Bitcoin hit Coinbase and now someone has amasses $3B in Bitcoin in just 3 days? Weird stuff going on folks as we have another metric positioning Bitcoin for a massive run. We've got a tech entrepreneur selling his $7M (AU) apartment to buy Bitcoin while a Costa Rican using Bitcoin to pay for a holiday; and they say Bitcoin has no utility? Acceptance and Adoption is here. 

CEFI Contagion drama continues with law suits with Terra and Celsius and bankruptcy negotiations with Voyager and FTX. Make time today or this week to read these articles, watch the videos, and LISTEN to the podcast - lots of good stuff to kick off the week! 

Bitcoin Price: $21,910.00

JUST IN

• Tesla Recorded $64M Gain on Bitcoin Sales in Q2 (Coindesk | Coindesk | Decrypt | CryptoPotato | Cointelegraph | TB | Blockworks | Coindesk)
• Investor seeks to deploy $75,000 robot dogs to retrieve $176 million in lost Bitcoin (Finbold | Cointelegraph)
• Chipotle Launches ‘Buy the Dip’ Game That Will Give Away $200K in Cryptocurrency (Cryptoglobe | Cointelegraph)

HOW TO LEARN ABOUT BITCOIN USING VIDEO TUTORIALS

BITCOIN & ETHEREUM

Positive

• 3 signs Bitcoin price is forming a potential 'macro bottom' (Cointelegraph)
• Bitcoin HODLers Not Selling As BTC Sharks Heavily Accumulate Sats In The Dip (ZyCrypto)
• First Mover Americas: BTC and ETH Outperform Traditional Markets in July Despite the Dollar's Strength (Coindesk)
• Bitcoin (BTC) Reaches Weekly Close Above $20,000 Despite Some Weekend Weakness (BIC | CryptoPotato)
• Mysterious Bitcoin Wallet Amasses $3,000,000,000 Crypto Fortune in Just Three Days (TDH)
• New Bullish Metric Positions Bitcoin For A Massive Run, Mirroring 2020’s Bull Run (ZyCrypto)
• $BTC: Tech Entrepreneur Considering Selling AU$7 Million Apartment to Buy More Bitcoin (Cryptoglobe)
• FTX Token Trading Volume Shows Ethereum Whales Are Becoming Bullish (Bitcoinist)
• Ethereum Weekly Exchange Net Flow Points To Growing Accumulation Trend (NewsBTC)
• Ethereum Sees Increased Buying Pressure By Whales As ‘The Merge’ Fuels Gains (ZyCrypto)

Neutral

• The battle between crypto bulls and bears shows hope for the future (Cointelegraph)
• Bitcoin Has 14 Hours to Return to $22,000 Price Range or Market Will Face Problems (UToday)
• Could Ethereum Be Classified as a Security After The Merge? (BIC)
• Is Ethereum Stronger Than Bearish Macro Factors? Why ETH Will Be Tested This Week (NewsBTC)

Negative

• Bitcoin Addresses In Profit Falls Below 50% (Bitcoinist)
• Fed policy and crumbling market sentiment could send the total crypto market cap back under $1T (Cointelegrpah)
• Crypto Market Observes $150m Liquidations As Bitcoin Slips Under $22k (Bitcoinist | NewsBTC | NewsBTC)
• First Mover Americas: BTC and ETH Outperform Traditional Markets in July Despite the Dollar's Strength (Coindesk)
• Bitcoin drops below $21.8K realized price as FOMC spooks markets (Cointelegraph | Coindesk | Decrypt)
• Will the Fed prevent BTC price from reaching $28K? — 5 things to know in Bitcoin this week (Cointelegraph)
• Bitcoin Dominance Rate (BTCD) Falls as Altcoins Flourish (BIC)
• TA: Ethereum Stuck In Key Range, Why $1,480 Is The Key (NewsBTC | Cointelegraph)

ALTCOINS

• Bitcoin, Cardano, XRP, Ether Plunges Ahead Of This Week’s Interest Rate Decision (ZyCrypto | UToday)
• Top 5 cryptocurrencies to watch this week: BTC, ETH, BCH, AXS, EOS (Cointelegraph)
• Price analysis 7/25: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX (Cointelegraph)

STABLECOINS

• Stablecoin projects need collaboration, not competition: Frax founder (Cointelegraph)

ANALYST'S CORNER

• DonAlt: Here Are Two Most Likely Outcomes for Bitcoin (BTC) in Coming Weeks, According to Top Crypto Strategist (TDH)
• Michael van de Poppe: Top Analyst Predicts Bullish Momentum for Crypto Markets, Updates Outlook for Ethereum Going Into September (TDH)
• Coinshares: Institutional Investors Pile Into Ethereum (ETH) at Highest Rate Since November 2021 (TDH)
• Citi: $2,200,000,000,000 Banking Giant Says Crypto Contagion Has Likely Passed: Report (TDH | Cryptoglobe)
• Santiment: Cardano (ADA) Showing ‘Surge Signs’ As Vital Metric Flashes Green: Analytics Firm (TDH)

NOTABLE VOICES

• Mark Cuban: SEC Regulating Crypto Will Be a ‘Nightmare’ (Decrypt)
  
• Alan Lane: Silvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending (Coindesk)
• Jeremy Almond: The best bear market plan? ‘Relentless optimism for the future,’ says fintech CEO (Cointelegraph)
• JJ Kinahan: Trading veteran sees more young investors choosing crypto over gold (Finbold)

CEFI CONTAGION

• Three Arrows Capital founders miss the mark in first interview since firm's collapse (TB)
• 3AC: A $10B hedge fund gone bust with founders on the run (Cointelegraph)
• Sam Bankman-Fried Comments on Voyager Declining FTX’s Bailout Offer (CryptoPotato)
• Voyager rejects Alameda buyout offer, as it ‘harms customers’ (Cointelegraph | TB | Blockworks | BIC | Coindesk | Coindesk | Bitcoinist)
• Celsius and Do Kwon get hit with yet another class action suit by U.S. law firm (Finbold | UToday)
• Failed Crypto Lender Cred Blames Its Demise on Uphold Exchange in Suit (Coindesk)

ETFs/401Ks

• Crypto Investment Products Saw Mid-Month Inflow Spike (Blockworks | BIC | Cryptoglobe)
• Fintech Startups Move in Amidst Rising Interest in Fidelity Bitcoin 401(K) (BIC)

ACCEPTANCE/ADOPTION

• Third-largest U.S. party calls Bitcoin a ‘decentralized monetary revolution’ (Finbold)
• Texas GOP Aims to Enshrine Crypto in State’s Constitution (Coindesk)
• Parents Turn to Crypto To Save for College (Cryptoglobe)
  
• Costa Rican Bitcoin Fan Pays For Entire Holiday in BTC (Cryptoglobe)
• What is dollar-cost averaging (DCA) and how does it work? (Cointelegraph)

HOW TO MAINTAIN PRIVACY WHEN SPENDING MIXED BITCOIN

BLOCKCHAINS

• Ripple Expands Its Remittance Technology to Philippines via QNB in First-of-Its-Kind Move (UToday)
  
• Dogecoin Nodes Migrating to Recently Released Core Version: Details (UToday)
• zk-STARKs vs. zk-SNARKs explained (Cointelegraph)

EXCHANGES

• Nasdaq-Listed Brazilian Financial Services Firm Launching Crypto Trading by Mid August (Cryptoglobe | BM | BIC)
• Crypto Platform Zipmex Says Its Considering A Possible Offer With “Interested Parties.” (EWN | CryptoPotato | Cointelegraph | Coindesk)
  

MINING

• Bitcoin Mining Stocks Face Market Reckoning Amid Widespread Selloff (Blockworks)
• Bitcoin mining stock report: Monday, July 25 (TB)

LEGISLATION/REGULATION

• US Rep. Josh Gottheimer Proposes $3M Boost to Treasury’s Crypto Crime-Fighting Unit (Coindesk)
• Bill addressing stablecoins risks in US likely delayed until September: Report (Cointelegraph | Coindesk | Blockworks | BIC)
• Lawmakers race to release draft of stablecoin bill ahead of August recess (TB)
• CFTC will evolve LabCFTC hub into Office of Technology Innovation (TB | Cointelegraph)
• Led by exchanges, crypto industry lobbying grew 17% in Q2 despite bear market (TB)
• Judge Losing Patience in Ripple and XRP Lawsuit As SEC Changes Its Story Too Many Times: Crypto Legal Expert (TDH)
  

THE BAD

• Titanium Blockchain CEO Pleads Guilty in $21M Securities Fraud Case (Coindesk | Decrypt | Blockworks)
• The Inside Story Of The Roger Ver Vs. CoinFLEX Conflict (NewsBTC | CryptoPotato)

PODCASTS

• Bitcoin Magazine: Michael Saylor Interview: The Future of Bitcoin
• Bankless: 129 - Why the Crypto Critics Are Wrong | Matthew Green
• The Pomp Podcast: #1058 Why Are So Bitcoin Miners Selling?!
• The Breakdown: Jim Bianco on Inflation, Recession and the Need to Reimagine the Economy for a New Era
• The Wolf Of All Streets: 1.7 Billion People Are Unbanked. Crypto Fixes This. | Staci Warden, Algorand
• Stephen Livera Podcast: SLP397 Stack Hodler - Money Printing Around the World
• The Scoop: Abra CEO reveals how his lending firm weathered the Three Arrows Capital storm, and why other lenders failed
• TFTC: #345: There will be Bitcoin with Griffin Haby