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Happy Tuesday Folks! There isn't any earth shattering news but the Stackchain is very interesting. I haven't gotten my head around it fully but will and update this later today. If any of you were around when Lightning first hit the scene there was the passing of the torch and now, Stackchain reminds me of that movement. 

The pullback continues and it's looking like $20K is going to be defended so let's see if Bitcoin drop back below $20K. IF Bitcoin does go back below $20K I think it will be a quick wick because I still believe the bottom is in. Analyst's sentiment is a bit bearish with Tone Vays even thinking we can go back to $14K; which is nothing new - the last bear market he thought we were going to $1K. 

Regulation continues to heat up and Ripple continues building relationships and adoption. Make time to read, watch, and listen. If you want to get news alerts text CRYPTO to +1 (214) 380-2013; or any other keyword you want to track.

Bitcoin Price: $21,055.29

JUST IN

• You Can Now Earn Bitcoin by Playing Solitaire and Sudoku (Decrypt)
• Community-initiated ‘Bitcoin Stackchain’ exceeds $160K in one week (Cointelegraph)

CRYPTO MARKET

• Crypto market cap slides under $1 trillion as $40 billion leaves market in 24 hours (Finbold | NewsBTC | TB | Decrypt)
• Global crypto wallet market poised to grow $686 million by 2026, study shows (Finbold)
• Number of Crypto Users Set To Hit 1,000,000,000, According to New Study – Here’s When (TDH)
• Uncertainty around French laws prompted F1 racers to remove crypto branding: Report (Cointelegraph)

BITCOIN & ETHEREUM

Positive

• Bitcoin Dominance Grows As Crypto Risk Appetite Remains Low (NewsBTC)
• Bitcoin (BTC) on-Chain Analysis: NUPL Crosses Back Into Positive Territory (BIC)
• Bitcoin (BTC) Attempts to Create Higher-Low At $21,000 (BIC)
• ‘Extreme demand’ for BTC at $20K creating new support levels: Glassnode (Cointelegraph)
• Institutional ETH sentiment turns positive after 11 weeks of outflows (Cointelegraph)
• 3 Reasons Not to Give Up on Ethereum Recovery Despite Plunge Below $1,500: Crypto Market Review, July 26 (UToday)

Negative

• Bitcoin price falls under $21K, bringing more capitulation or just consolidation? (Cointelegraph)
• Bitcoin falls to a 1-week low as yet another Fed rate hike beckons (Finbold)
• IMF recession warning sees Bitcoin dip under $21K amid fresh $1M BTC price forecast (Cointelegraph | Finbold)
• Sentiment and inflation: Factors putting pressure on Bitcoin price (Cointelegraph)
• Bitcoin Retreats Over Last 6 Sessions As BTC Bulls Chart Their Next Move (NewsBTC)
• Bitcoin price struggles to defend $21K as Coinbase faces new SEC wrath (Cointelegraph)
• Ethereum’s Active Addresses Hit 2-Year Low; Is A Bearish Storm Brewing? (ZyCrypto)
• Ether, Solana Lead Majors Losses; Analysts Caution of Further Declines After Fed Rate Hikes (Coindesk)

ALTCOINS & STABLECOINS

• Robot Known for Outperforming Crypto Markets Increases Allocation to Ethereum, Polygon and Additional Smart Contract Competitor (TDH)
• 165 Million XRP Again Transferred Around Several Exchanges and Unknown Wallets in Matter of Minutes (UToday)
• Cardano (ADA) Can Now Be Traded Against Bitcoin (BTC) on Major Crypto Exchange (UToday)
• Solana eyes 40% jump in August despite long-term bearish signals (Cointelegraph | NewsBTC)
• Can DOGE hit $1 by December 2022? Here’s what the experts say (Finbold)
• Tether Finds Stable Dollar Peg After Terra's Collapse (Coindesk)
• Total Stablecoin Supply Down By $35 Billion – Arcane Research (EWN)
• Will USDC Dethrone USDT? This Report Says Yes (Bitcoinist)

ANALYST'S CORNER

Positive

• Dave the Wave:  Trader Who Called May 2021 Bitcoin Crash Says BTC Flashing Strong Bottom Signals, Predicts Short-Term Rally (TDH)
• Raoul Pal: Massive Ethereum Supply Shock Incoming As ETH Prepares To Outpace Bitcoin (TDH)
• Mike McGlone: Commodity expert suggests Bitcoin could ‘outperform’ market in H2, 2022 (Finbold)
• Santiment: Cardano ($ADA) ‘Reigns As the Most Developed Asset in Crypto’, Says Santiment (Cryptoglobe)

Netural

• Glassnode: What Bitcoin Long-Term Holder Cost Basis Tells Us About Bear Market Length (Bitcoinist)
• Shawn Cruz: Here’s What Could Kick off a Bitcoin Bull Rally According to TD Ameritrade (CryptoPotato)

Negative

• Smart Contracter: Analyst Who Nailed 2018 Bitcoin Bottom Issues Warning to Crypto Traders (Cointelegraph)
• Tone Vays: Trader Predicts New 2022 Low for Bitcoin, Says Pullback Creates ‘Complete Disaster’ for BTC Price (TDH)

NOTABLE VOICES

• Sam Bankman-Fried: FTX CEO Sam Bankman-Fried Says He Wants To Give Voyager Customers 100% of the Lender’s Remaining Assets (TDH)
• Barry Silbert: "Crypto King" Hyping Up Ethereum's Merge Upgrade (UToday)
  
• Rostin Benham: CFTC Chair expects crypto to be a ‘part of mainstream American portfolios’ (Finbold)
• Alex Bornyakov: Ukrainian Minister reiterates crypto is an ‘essential tool’ in the country’s defense (Finbold)

CEFI CONTAGION

• Celsius wants to bring on former CFO as adviser for bankruptcy proceedings (TB | EWN | Blockworks | Coindesk)
• Embattled Crypto Firm Voyager Dismisses FTX’s Early Cash-Out Proposal, Says Offer ‘Highly Misleading’ at Best (TDH)

ACQUISITIONS/PARTNERSHIPS

• CONFIRMED: FTX holds discussions to acquire South Korean crypto exchange Bithumb (Finbold | BIC | CryptoPotato)
• Ripple Inks Major Partnership with Singapore-based Payment Institution (UToday | TDH)

ACCEPTANCE/ADOPTION

• The Costa’ Bitcoin on the rise: Major chains give Gibraltar a BTC boost (Cointelegraph)
• Crypto Gets Seal Of Approval From US Politicians And British Monetary Association (Bitcoinist)
• FOMO Pay taps Ripple’s liquidity solution for treasury management (Cointelegraph)

EXCHANGES

• There Is Now ‘A Safer and Easier Way of Signing Into Coinbase’ (Cryptoglobe)
  
• Crypto exchange Kraken under investigation for violating US sanctions: NYT (TB | Blockworks | BIC | Coindesk)

MINING

• Bitcoin mining stock report: Tuesday, July 26 (TB)
• A New Country for Bitcoin Mining Officially Opens Its Doors (Bitcoinist)
• Core Scientific to increase ASIC server capacity by 75 MW (Cointelegraph | Bitcoinist)

LEGISLATION/REGULAION

• Pantera's general counsel joins CFTC staff as commission work recenters around crypto (TB)
• Crypto Council for Innovation hires legal and lobbying leadership (TB | Cointelegraph)
• Senators Toomey and Sinema introduce bill to exempt small crypto transactions from capital gains taxes (TB | Finbold | Coindesk | Bitcoinist | Cointelegraph | Blockworks | BIC)
• Coinbase Reportedly Facing SEC Probe for Cryptocurrency Listings (CryptoPotato | Coindesk | ZyCrypto)
• Q&A: The SEC Classified 9 Tokens as Securities. Now What? (Blockworks)
• XRP Case: CryptoLaw Founder Defends Coinbase Despite XRP Being Delisted, Says SEC Started War (UToday)
• SEC Philippines to investigate Binance over alleged illegal operations (Cointelegraph)
• 74% of public agencies feel under-equipped for crypto investigations: Report (Cointelegraph)
• EU-Wide Regulation Prompts Crypto Exchanges to Set up Shop (BIC)

THE BAD

• The Nine Largest Crypto Hacks in 2022 (Blockworks)
• 'Cryptojacking' in Financial Sector Has Risen 269% This Year, SonicWall Says (Coindesk | Cointelegraph | Bitcoinist | Cointelegraph)
• Frequency of ransomware attacks fell with bitcoin price drop: SonicWall (TB)
• F1 teams forced to remove crypto-related ads during the French Grand Prix (Finbold)

PODCASTS

• The Pomp Podcast: #1059 Alan Lane On Traditional Banks Using Bitcoin As Collateral
• The Breakdown: The SEC’s Escalating Battle Against Crypto
• The Wolf Of All Streets: How Bitcoin Will Decentralize Social Media | Justin Rezvani, Zion
• What Bitcoin Did: Can Bitcoin Become Legal Tender in America? With Aaron Daniel
• Bitcoin Audible: Read_639 - How Fedimint Scales Bitcoin Custody [Namcios]
• TFTC: #346: Diving into FediMint with the Fedi team
• Unchained: Why the Messy 3AC, Celsius, and Voyager Bankruptcies Will Drag on for Years
• Decrypt Daily: July 25: Celsius Customer’s Heartbreaking Letters
• Bankless: 129 - Why the Crypto Critics Are Wrong | Matthew Green