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FOLLOW DAT MONEY! $9B

Guess what day it is? HUMPDAY! Folks, big news today is that if you were short Bitcoin - you got LIQUIDATED! Sorry but anytime you try to bet against $BTC you will get burned. Lots of regulatory news happening today here in the US, Singapore, and the UK.

As I mentioned yesterday, when the news gets boring - something is bound to happen. Bitcoin and the broader Crypto market is ripping higher. How long will this last? As long as the DXY is falling. 

Podcast of the Day: BTC101: 4th Quarter Macro Overview w/ Luke Gromen (Bitcoin Fundamental) 

READ

TRENDING

• Bitcoin liquidates over $1 billion as BTC price hits 6-week highs (TDH | Bitcoinist | Cointelegraph | CryptoPotato | TB | BIC | TB)
• UK lawmakers voted to include crypto rules in finance regulation bill (TB | Cointelegraph | Blockworks | Coindesk)
• Stone Ridge Launches Accelerator Program for Bitcoin (UToday | BM | Coindesk | TB)

     Gaining Traction

• Singapore Central Bank Proposes Stablecoin Rules to Rein In Crypto Sector (Coindesk | Blockworks | BIC)
• Dormant Whale Wallet Sends ETH Up by 8% After Making This Move (UToday | UToday | Cryptoglobe)

CRYPTO MARKET

• Crypto Markets See Largest Short Liquidations in 15 Months; Ether Leads Token Surge (Coindesk)
• Crypto among highest-growing topics with English-speaking Twitter users, internal papers show (Finbold)
• Blockchain.com launches Visa debit card with 1% cashback in crypto (TB)
• Prime Trust Crypto IRA Set To Leave Beta as Bitcoin Volatility at Historic Low (Blockworks)
• Andreessen Horowitz loses billions of dollars but remains faithful to crypto (Cointelegraph | Blockworks)
• BitMEX Suddenly Suspends Trading. Here’s What Happened (UToday | EWN)
• Arthur Hayes Says Bull Market Will Be Back When China and Hong Kong ‘Love Crypto’ (CryptoPotato)
• Crypto Market Cap Surpasses $1 Trillion as Altcoins Surge (BIC)

BITCOIN

• RockItCoin Buys Toa Bitcoin That Houses Over 50 ATM Machines Across The U.S. (Bitcoinist)

     Price

• ​​Bitcoin price reaches $21K as crypto market cap nears $1T (Finbold | Cointelegraph)
• Asset Managers Add to Bitcoin Long Positions Ahead of Price Increase: Crypto Markets Analysis (Coindesk)
• Reasons Behind The Bitcoin Price Rally – Is It Sustainable? (NewsBTC)
• Is Bitcoin Rise Above $20k Sustainable? Here’s What On-Chain Data Says (NewsBTC)

     Mining

• Bitcoin Miner CleanSpark Hikes 2022 Hashrate Guidance by 10% (Coindesk)
• Bitcoin miners rethink business strategies to survive long-term (Cointelegraph)
• Compass Mining inks 27-megawatt hosting deal with Aspen Creek Digital (TB | Coindesk)
• Argentina's tax authority finds another undeclared crypto mining farm (TB)
• Why Bitcoin Miner Capitulation Has Concluded For This Cycle (Bitcoinist)

     Adoption

• 32-Year-High Inflation Sees Australians Flocking to Bitcoin (BIC)

     ETF/Options

• First Bitcoin ETF Posts Historically Worst Performance, Report Reveals (Bitcoinist | BIC)
• Bitcoin and ether futures volumes in doldrums amid dwindling volatility (TB)

     Opinion

• Next Bitcoin rally to start in Q2 2023 — Mark Yusko explains why (Cointelegraph)
• Here's How Bitcoin May Reach $24,000, Analyst Explains (UToday)
• Bitcoin Traders Should Check These Data As They Brace For The Next Bull Run (Bitcoinist)

ETHEREUM

• Over $20 billion pumps into Ethereum in 24 hours as ETH breaks past $1,500 (Finbold)
• One Reason and One Warning for Bitcoin and Ethereum’s Recent Pumps: Arthur Hayes(CryptoPotato)
• Investors Are Massively Shorting Ethereum, and There Are 3 Reasons Why (UToday)
• McGlone: Ethereum’s switch to PoS may be a factor for enduring ETH price appreciation (Finbold | TDH)
• Ethereum is ahead of Bitcoin this rally — But ETH price still risks 20% crash against BTC (Cointelegraph)
• 63% of Ethereum transaction blocks are now OFAC-compliant (TB)

USDC

• USDC Lost 20% Of Its Market Capitalization In The Last 30 Days (CryptoPotato)
• BitPay to introduce USDC and ETH payments on Polygon network (Cointelegraph)
• Circle Bullish on EU Growth, Regulators Turn Attention to Developing DeFi Rules (Decrypt)
• Coinbase Partners With MakerDAO for Institutional USDC Rewards Program (TDH)

XRP

• Why These Major Crypto Wallets Acquired Over 100 Million XRP In Last 24 Hours (NewsBTC)
• $XRP Price Chart Forms Bullish ‘Golden Cross’ Pattern As Analysts Predict Upward Movement (Cryptoglobe)
• XRP and Cardano trader sentiment hits extreme bullish level with crowd hopeful of gigantic price surge (ZyCrypto)

CARDANO

• Cardano Price Looks Optimistic, How Long Will The Bullish Momentum Last? (NewsBTC)
• Cardano Rebounds With 12% As Price Nears Resistance, Is $0.5 Possible? (NewsBTC)
• ‘Cardano Has Hit an AlternativeRank™ of 1 Out of the Top 3,954 Coins’, Says Analytics Firm LunarCrush (Cryptoglobe)

SOLANA

• Solana projects reopen after getting funds back from Mango Markets (TB)
• Solana Price Prediction: 33% “Losing Trust” in SOL Team (BIC)

DOGE

• Dogecoin Joins Ethereum in Double-Digit Gains as Crypto Rallies (Decrypt | Finbold)
• Dogecoin Price Jumps 13% as Elon Musk Twitter Deal Nears Conclusion (UToday)
• Dogecoin (DOGE) Rallies With Over 10% Gains; Will Price Finally Hit $0.1? (NewsBTC)

LEGISLATION/REGULATION

• A Majority of US Voters Want More Crypto Regulation, Poll Shows (Coindesk)
• Singapore MAS proposes to ban cryptocurrency credits (Cointelegraph | TB)
• South Korean authorities struggle to build case against Do Kwon despite arrest warrant (Finbold)
• UK police council reports there are officers in every unit trained for crypto enforcement (Cointelegraph)
• United Kingdom banks hate crypto, and that's bad news for everyone (Cointelegraph)
• Vietnam's prime minister calls for crypto regulation: Report (Cointelegraph | Coindesk)

LEGAL BATTLES

• $XRP-Focused Investment Products See Growing Inflows As SEC v. Ripple Case Could Soon Be Settled (Cryptoglobe)

WATCH

LISTEN

• #371: In-Person Maximalism with Rod Bitkite (TFTC)
• Oct 25: Centralization in the Crypto Market (Decrypt Daily)
• Crypto's Global Adoption with Rene Reinsberg (Untold Stories)
• Joe McCann on the problem traditional venture investors face in crypto (The Scoop)