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ANALYZING CYCLES WITH FIBOSWANNY

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It's Fridayyyy Folks! I hope each of you had an amazing Thanksgiving; I did! My Cowboys took care of business and hopefully that will continue. Cathie Wood has proven herself to be a savvy investor and if she believes Bitcoin will come out of this smelling like a rose, I wouldn't bet against her. She's not alone, Institutional Investors (while cautious) haven't given up on Bitcoin nor the Crypto market. Boom/Bust cycles aren't new to Bitcoin and this will not be the last cycle it will go through. See Fibo's cycles video above and remember there is a 4 year cycle with Bitcoin. Same applies to Ethereum, these are the blue chips when it comes to Crypto assets as a whole.

In addition, Binance CEO Changpeng Zhao says he’s planning to set up a $1 billion fund (Make that $2B) to rescue distressed crypto assets. Others have joined in to support and contribute to this fund as well. If this doesn't show you the seriousness of this asset class and it's longevity, I am not sure what will. There is a whole lotta buying going on right now and only in hindsight will many either say I wished I had or I am glad I did - which will you be? Altcoin Daily captures Cathie's points and take time to listen to the Podcast of the day. Other podcast have a mining theme to it so check them out as well. 

WATCH

LISTEN

Podcast of the Day: Why Ernst & Young Is Already All In On Crypto | Paul Brody, Global Blockchain Leader At EY | The Wolf of All Streets

THE WEEDS

BILLION DOLLAR FUND

• Binance Deploys $2 Billion To Save Crypto Industry After FTX’s Fall From Grace (ZyCrypto)
• Billionaire Changpeng Zhao Exploring $1,000,000,000 Fund To Purchase Distressed Crypto Assets (TDH)
• Binance clarifies initial $1 billion recovery fund deposit came from own assets (TB)
• Billion-Dollar Binance Crypto Recovery Initiative Rallies 7 Others to Contribute $50M (BIC)
• Justin Sun, Tron DAO line up to contribute to Binance recovery fund: Exclusive (TB)
• Jump Crypto, Polygon Ventures, GSR contribute to Binance's $1 billion recovery fund (TB)

MATRIXPORT

• Crypto Lending Still Popular as Biggest Lender in Asia Aims to Raise $100 Million (BIC)
• Crypto lender Matrixport seeks $100M funding despite lending crisis (Cointelegraph)
• Matrixport is seeking to raise $100 million in funding at a $1.5 billion valuation (TB)

BITCOIN

• Bitcoin addresses holding at least 1 BTC close in to a million (Cointelegraph)
• Users Can Now Verify the Bitcoin They Own on Binance via Merkle Tree (CryptoPotato | Cointelegraph)
• Matrixport Favors 'Systematic Bitcoin Call Overwriting' Strategy for 2023 (Coindesk)
• El Salvador Launches a National Bitcoin Office (ONBTC) (BIC | CryptoPotato)

     Price

• Last Time This Happened, Bitcoin Rallied 300% (UToday)
• Bitcoin Will Explode by Over 5,900%, Come Out of Bear Market ‘Smelling Like a Rose’: ARK Invest’s Cathie Wood (TDH)
• If Bitcoin Is So Valuable, Why Is It Down So Much This Year? (Cryptoglobe)
• Can MicroStrategy And Saylor’s Levered Bitcoin Bet Crash The Market? New Research Answers (Bitcoinist)
• Bitcoin bears overpower bulls despite stabilising prices; Will BTC drop below $16,000? (Finbold)
• $15.5K retest is more likely, according to Bitcoin futures and options (Cointelegraph)

     Institutional Investors

• Harvard Research Paper Tells Governments And Central Banks To Hold Bitcoin (ZyCrypto)
• New Coinbase Survey Reveals Where Institutional Investors Expect Crypto Prices To Be in One Year (TDH | NewsBTC)

     Notable Voices

• Macro Guru Raoul Pal Says Crypto Markets Still Fundamentally Bullish Despite Peak Negative Sentiment (TDH)
• Former Goldman Sachs Exec on How To Survive Current Crypto Bear Market (Cryptoglobe)

     Bitcoin Bonds

• Should Argentina Offer Bitcoin Bonds to Follow El Salvador? (BIC)

     Legislation/Regulation

• Belgium says BTC, ETH and other decentralized coins are not securities (Cointelegraph | TB | BIC | CryptoPotato) 
• Is the US SEC Trying to Manipulate the Bitcoin Supply? (BIC)

     Mining

• Bankruptcies and falling profits spell doom for crypto mining industry (Finbold)
• Bitcoin miners look to software to help balance the Texas grid (Cointelegraph)
• Bitcoin Hashrate Declines As Mining Difficulty Stays At ATH Levels (Bitcoinist)

     Attacks/Hacks/Scams

• UK’s 'biggest ever' scam leads to 100 arrests after police track bitcoin records (TB)

ETHEREUM

• Ether Whales Load Up Over $1 Billion Worth Of ETH As Price Rebounds, But There’s A Catch (ZyCrypto)
• 3 Reasons Why Ethereum Might Blow up Next Week: Crypto Market Review, Nov. 24 (UToday)
• Ethereum developers decided on eight proposals for the Shanghai update (Cointelegraph)
• Ethereum core developers signal support for 'proto-danksharding' (TB)
• Ethereum (ETH) Fees Might Drop by 100x as EIP 4844 Upgrade "Considered for Inclusion" (UToday)
• Ether tests $1,200 but bears better positioned for $1.13B options expiry on Nov. 25 (Cointelegraph)
• Ethereum Now 62% Dependent on Amazon, Decentralization Under Threat? (UToday)

BNB

• Binance Coin Revives Its Bullish Strength Above $290; Will Bulls Defend This Area? (NewsBTC)

XRP

• XRP rallies 8% in 24 hours as Ripple records minor wins against SEC (Finbold | UToday)
• Why the Future Is Looking Bullish for Ripple (XRP) Price (BIC)

CARDANO

• Cardano adds over 100,000 wallets in November despite FTX debacle (Finbold)

DOGE

• Dogecoin gains 8% on claim Elon Musk will uprgade DOGE with Vitalik Buterin (Finbold)
• Dogecoin (DOGE) Price Jumps 14% After Brutal Short Squeeze (BIC)
• Dogecoin Gets Double-Digit Black Friday Pump (Decrypt)

MATIC

• Can Polygon Skyrocket in 2023? (UToday)

LITECOIN

• Litecoin (LTC) Must Maintain $77 Level To Sustain Enthusiasm Come December (NewsBTC)

Other Podcast

• Why Lightning Isn’t Just for Bitcoin Believers, With Graham Krizek | The Breakdown
• CoinFund’s new $300 million fund aims to capture ‘steep’ early-stage value | The Scoop
• SLP434 Adopting Bitcoin '22 & Should you Escape to El Salvador? with Jeremy | Stephan Livera Podacst
• Bitcoin Mining in Distress with Nick Hansen | What Bitcoin Did
• Riot Blockchain’s 2022: Texas Expansion, ERCOT & S19 XPs | Jason Les | The Mining Pod | The Mining Pod
• Nov 24: Is POW Mining Worse Than 500 Billion Plastic Bottles? | Decrypt Daily
• ROLLUP: Genesis, Grayscale, DCG Failure? | FTX Contagion Continues | Mango Solana Exploit | Bankless
• Weekly Roundup 11/24/22 (SBF is at large, DCG’s fate, what we are thankful for) | On The Brink
• Gabriel Haines on How He Came to Make His Hilarious, Yelling Crypto Videos | Unchained
• Bitcoin THANKSGIVING Stories with Neil Jacobs, American Hodl, Brad Mills, Tomer Strolight and More! - November 24th, 2022 } | Cafe Bitcoin

FTX FIASCO

• Report Shows Crypto Community Will Survive The FTX Fiasco (Bitcoinist)
• Elizabeth Warren Speaks Out Against SBF, Asks DoJ to Investigate (BIC)
• Elon Musk and MicroStrategy’s Saylor slam WSJ for ‘giving foot massages’ to SBF (FInbold)
• Bahamas’ Regulator Explains Why it Made the Right Call to Seize FTX Assets (CryptoPotato)
• Amazon Prime Video Commissions Eight-Episode TV Series on Embattled Crypto Exchange FTX: Report (UToday | TDH | CryptoPotato)
• FTX stake in US bank raises concerns about banking loopholes (Cointelegraph)
• FTX’s collapse could change crypto industry governance standards for good (Cointelegraph)
• Turkish Authorities Order Seizure of 'Suspicious' FTX Assets (Coindesk | Cointelegraph)
• Genesis Global Capital investigated by U.S. regulators: Barron's (TB)
• American regulators to investigate Genesis and other crypto firms (Cointelegraph)