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Happy Tuesday Folks! What's Poppin? Bitcoin. Next stop $22K and if it can get above that for a few days $30K. Well, the bidding process is done and FTX is the winner so far; still requires court approval. Bottom line - it's still going to be awhile before customers of Voyager will have access to any funds and the amount of those funds are still up in the air. That said, if you have assets on there, especially $BTC, HODL HODL HODL. Why? Bitcoin is very forgiving in that if you HODL and the price appreciates you might be able to recover faster.
On the heels of that it appears the Wintermute hack might have been an inside job and Do Kwon mocks Interpol's Red Notice and moves 3,310 $BTC; the authorities are looking to freeze them.
Podcast of the Day: Unchained: How Will the Legal Case Against Do Kwon Play Out in South Korea?
BREAKING
- Celsius Network CEO Mashinsky Resigns (TB | TB | CryptoPotato | TB | BIC | EWN | Blockworks | Bitcoinist | TB)
JUST IN
- Did Satoshi Nakamoto Meet with SEC Five Years Ago? (UToday)
- Zach Dexter to head FTX U.S. as the crypto exchange moves to Miami (TB)
Trending
- FTX wins auction for bankrupt crypto lender Voyager (TB | NewsBTC | BIC | Blockworks | Coindesk | Cointelegraph | CNBC | Bitcoinist)
- Wintermute inside job theory ’not convincing enough:’ BlockSec (Cointelegraph | Blockworks | CryptoPotato | BIC | Bitcoinist | Cointelegraph)
- Do Kwon Mocks Interpol Red Notice (TB | Cointelegraph | Blockworks | CNBC)
Gaining Traction
- FTX.US president Brett Harrison is stepping down (TB | Cointelegraph | Bitcoinist | Blockworks)
- Bitcoin rapid payment service Strike raised $80MM, takes aim at Visa (Fortune | TB | BM | BIC)
- Terra’s Do Kwon made a suspicious 3,310 BTC transfer shortly after his arrest warrant issuance; Authorities to Freeze (Finbold | Coindesk | Cointelegraph | UToday)
- Thai SEC Sues Five Entities for Creating Fake Volume Across Two Crypto Exchanges (Coindesk | Cointelegraph | BIC | Bitcoinist)
CRYPTO MARKETS
- Crypto market adds over $50 billion in 24 hours as Bitcoin surges past $20,000 (Finbold)
- The British pound collapse and its impact on cryptocurrency: Watch the Market Report (Cointelegraph)
BITCOIN & ETHEREUM
Positive
- Bitcoin gains 5% to reclaim $20K, eyes first 'green' September since 2016 (Cointelegraph | Decrypt | TB | Coindesk | NewsBTC)
- TA: Bitcoin Price Gearing For Another Lift-Off to $21K, Recent Breakout Suggests (NewsBTC)
- Many Traders Sold Bitcoin at $20,000, But Immediate Repurchased (UToday)
- Bitcoin Heading Towards Full Detox of Speculative Interest: Glassnode (CryptoPotato)
- Fidelity’s Wise Origin Buys $60 Million Bitcoin (Trustnodes)
- Bitcoin Drops Below $19K, S&P 500 Falls to new YTD Low, DXY Goes Above 114 (Cryptoglobe)
- Bitcoin Trading Volume Explodes Against British Pound as Currency Weakens (CryptoPotato)
- TA: Ethereum Price is Showing Early Signs of Fresh Rally, But $1,400 is the Key (NewsBTC)
- ETH options leaning towards the buy-side, despite sell-off following The Merge (TB)
Neutral
- Bitcoin & The Hunt For A Green October | BTCUSD September 27, 2022 (NewsBTC)
Negative
- Bitcoin price loses $20K as trader warns US dollar 'not quite topped out' (Cointelegraph)
- Bitcoin Suddenly Plunges 5% in Minutes. Here's Why (UToday)
- Investors Cash Out $5M From 7-Week Bull Run On Short Bitcoin (NewsBTC)
- More ancient Bitcoins leave from its wallet after 10-year hibernation (Cointelegraph)
- Bitcoin price fails to hold $20K again, but there is a silver lining (Cointelegraph)
ALTCOINS/STABLECOINS/CBDCs
- Binance Coin Could Be Set For A Litmus Test, Eyes $280 (NewsBTC)
- Cardano: Whales Go on Accumulation Spree on Another "Big" Day (UToday)
- Russia aims to use CBDC for international settlements with China: Report (Cointelegraph | CryptoPotato | Bitcoinist)
- The Fed has 'not decided to proceed' with a digital dollar, says Powell (TB | CryptoPotato | TDH)
ANALYST'S CORNER
Positive
- Altcoin Sherpa: Analyst Says Ethereum Primed To Outperform Bitcoin, Updates Outlook on XRP and Two Additional Altcoins (TDH)
- CoinMarketCap: Crypto community sets bullish Bitcoin price for October 31, 2022: $22,857.76 (Finbold | Bitcoinist)
- CoinMarketCap: Crypto community anticipates bullish price for Ethereum by end of October 2022: $1,578.54 (Finbold)
- Dan Morehead: CEO of $4,500,000,000 Crypto Hedge Fund Says Bitcoin Will Go up a Ton, but Other Projects Will Outperform (TDH | Cryptoglobe)
NOTABLE VOICES
- Vitalik Buterin: Identifies the Next ‘Two Big Priorities’ for Ethereum (Cryptoglobe)
- Arthur Hayes: Questions PoS Ethereum’s Decentralization, Suggests Rising Price (NewsBTC)
- C. Lagarde: ECB president warns cryptocurrencies can hinder the role of central banks (Finbold)
- Jerome Powell: Central Banks Will Always Be Source of Trust in Money, Says Fed Chair (BIC)
ACQUISITION/PARTNERSHIP
- Gemini to partner with financial advisor Betterment, act as custodian for crypto clients (TB | Blockworks)
- Nexo buys 'minority' stake in OCC-regulated U.S. bank Summit National: Exclusive (TB | Cointelegraph)
CEFI/DEFI
- Why Ethereum (ETH) Merge Could Spell Tax Trouble for UK Crypto Stakers (BIC)
MINING
- Solar-Powered Bitcoin Miner Aspen Creek Raises $8M Despite Bear Market (Coindesk)
- Nuclear and gas fastest growing energy sources for Bitcoin mining: Data (Cointelegraph | Bitcoinist)
- Bitcoin mining represents 0.1% of global greenhouse gas emissions, study finds (TB | Finbold)
- Bitcoin Mining's Sustainable Electricity Mix May Be Declining, Says Cambridge University Research Organization (Coindesk | ZyCrypto)
- Bitcoin mining stock report: Tuesday, September 27 (TB)
BLOCKCHAINS
- Ethereum Green Credentials Boosted By Merge, But Bitcoin Still Falls Behind (BIC)
- Ethereum Name Service (ENS) Looks Strong, Eyes $16 Reclaim (NewsBTC)
BITCOIN IS RESPONSIBILITY GO UP TECHNOLOGY
EXCHANGES/BANKS
LEGISLATION/REGULATION
- IMF calls on global financial watchdog to lead crypto regulation push (TB)
- Powell: Crypto market downturn gives regulators 'more time' (TB)
- Japan set to introduce anti-money laundering laws targeting crypto exchanges (Finbold | Cointelegraph | BIC | Bitcoinist)
- California regulator accuses 11 of violating securities laws, operating like Ponzi schemes (TB | TDH)
- 'Time is not on our side' to provide regulatory clarity on crypto, says US lawmaker (Cointelegraph)
LEGAL BATTLES
- Attorney Highlights Why SEC Grades XRP As A Security (Bitcoinist)
- XRP Lawsuit ‘Gross Overreach’ of SEC Amid Failure To Provide Regulatory Clarity: Ripple CEO Brad Garlinghouse (TDH)
LISTEN
- The Breakdown: A Surprise Crypto Bill Veto in California
- Decrypt Daily: Sept 27: Voyager Bought by FTX.US: Hear the Details
