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Happy Tuesday Folks! Being a broken record, we are still in the accumulation zone but for many it will be hindsight to realize they should have been stacking sats and HODLing. The sentiment in the market remains bearish to complete fear as projects as low as $10K continue to circulate. However, Will Clemente believes Bitcoin is "really cheap" right now and I'd have to agree with him. Meanwhile we have folks still calling it a Ponzi Scheme; good luck with that. 

Bitcoin is doing what it's never done before by trading under the 200MA and unless it gets above it soon, those projections might come true and if they do, a lot of people can join the coin club. There are a lot of big topic things happening right now from Grayscale attempting to launch a spot Bitcoin ETF, CEFI Saga with BlockFi and Celsius, and Chairman Gensler says Bitcoin is the "only" commodity. 

I hope you all can find time to read some of these articles, listen to some of the podcast, and watch the video (Scott will go live in 30 mins) talking about if you can make money mining Bitcoin.

JUST IN

• Grayscale CEO on Bitcoin spot ETF: We’re ready for all post-ruling scenarios (Finbold)
• Crypto more popular among millennials than mutual funds, survey shows (Cointelegraph)
• Maker governance is voting to invest $500 million in US Treasury bills (TB)
• Are custodied crypto funds at risk? Industry veterans explain (Cointelegraph)

CEFI SAGA

• Nexo Says It’s Nothing Like Celsius and Other Crypto Lenders. Here's What the Data Shows (Decrypt)
• FTX Cuts Down Claims That It Plans To Acquire Robinhood (Blockworks | CryptoPotato)
• Crypto community confused as Celsius continues with weekly rewards (Cointelegraph)
• Celsius denies allegations on Alex Mashinsky trying to flee US (Cointelegraph | Bitcoinist | CryptoPotato)
• Celsius Clashes With Lawyers Over Chapter 11 Bankruptcy: Report (Blockworks)
• FSInsight Accuses Three Arrows Capital of Running a ‘Madoff-Style Ponzi Scheme’ (Coindesk)
• CoinFLEX CEO accuses investor Roger Ver of defaulting on $47 million loan (TB)
• Babel Finance is losing top employees as client funds remain frozen (TB | Blockworks)

PEOPLE ON THE MOVE

• BlockFi Parts Ways With Head of US Trading (Blockworks)

BITCOIN

Positive

• Bitcoin ($BTC) Options Traders Are Seeing Some Bullish Signs in the Market, Bloomberg Reports (Cryptoglobe)
• Bitcoin Gives ‘Encouraging Signals’ As Cyclic Indicators Show BTC Is Close To A Bottom (Bitcoinist)
• Different this time? 'Almost all' Bitcoin metrics are now hinting at a price bottom (Cointelegraph)

Neutral

• The 200MA Reveals: Bitcoin Was in This Undervalued Territory Only 3% of Its Existence (CryptoPotato)

Negative

• Bitcoin Bearish Signal: Coinbase Receives Large Inflows (Bitcoinist)
• 3 charts showing this Bitcoin price drop is unlike summer 2021 (Cointelegraph)
• Final Capitulation — 5 reasons why Bitcoin could bottom at $10,000 (Cointelegraph | Cointelegraph)
• Institutional Investors Exit Crypto Markets At Fastest Rate Ever Recorded: CoinShares (TDH)
• “Buy The Dip” Sentiment Fails To Save Crypto Market, New Data Reveals Why (NewsBTC)
• TA: Bitcoin Dips Further, Why BTC Could Revisit $20K (NewsBTC)

BITCOIN BEAR MARKETS: WE’VE BEEN HERE BEFORE

ALTCOINS

• Ethereum Plugs 11-Week Bleed, why $1,500 May Be On The Horizon (NewsBTC)
• Ripple Co-Founder Jed McCaleb’s $XRP Account Expected to Be Empty in a Month (Cryptoglobe)
  
• Institutional Investors Bet on $ETH, $ADA as Crypto Product Outflows Hit Record High ‘ by a Wide Margin’ (Cryptoglobe)
• Can Cardano's July hard fork prevent ADA price from plunging 60%? (Cointelegraph)
• SOL price eyes 75% rally as Solana paints a bullish reversal pattern (Cointelegraph)
• Crypto Strategist Warns Solana (SOL), Polygon (MATIC) and One Additional Altcoin Primed for Pullbacks (TDH)
• Dogecoin Has Formed A Bullish Reversal Pattern, What’s Next? (NewsBTC)
• Crypto.com Removes Dogecoin, Shiba Inu, Others From Earn Program (Decrypt)
• 1.7 Million Dogecoin Shifted Anonymously for Fees Unimaginable for Banks (UToday)

STABLECOINS

• Tether CTO refutes stablecoin FUD as short-sellers circle (Cointelegraph)
• Ripple Introduces CBDC Competition to Encourage XRPL Innovation (UToday)

ANALYST'S CORNER

• InvestAnswers: Despite Market Crash, Top Analyst Says There’s Still No Better Risk-To-Reward Asset Than Bitcoin (BTC) (TDH)
• Will Clemente: Crypto Analyst Explains Why Bitcoin Is ‘Incredibly Cheap Right Now’ (Cryptoglobe)
• Michael van de Poppe: Here’s What’s Next for XRP, Binance Coin, Cosmos and One Low-Cap Altcoin, According to Popular Analyst (TDH)

NOTABLE VOICES

• Mark Cuban: Billionaire Reveals Reason He Owns Bitcoin, Names Catalyst That Will Push BTC to New Heights (TDH | Cointelegraph | NewsBTC)
• Robert Kiyosaki: I’m Waiting for Bitcoin to ‘Test’ $1,100, Says Rich Dad Poor Dad Author (EWN | TDH)
• Mike Novogratz: Billionaire Predicts Recession, Issues Alert for Specific Sector of Crypto Markets (TDH)
  
• Yifan He: China’s BSN Founder Not Fan of Bitcoin, Calls Crypto a Ponzi Scheme (CryptoPotato)
• Maurice Mureau: 'Crypto is just like the end of the 90s with the internet bubble,' says Hodl CEO (Cointelegraph)

ACCEPTANCE/ADOPTION

• Global use of Bitcoin for real estate payments ‘evaporates’ as crypto market crashes (Finbold)
• Central African Republic president launches crypto initiative following Bitcoin adoption (Cointelegraph)

BLOCKCHAINS

• Here’s how Vitalik Buterin came up with the idea of creating Ethereum (Finbold)
• ADA Can Now Be Sent to Multiple Addresses in One Go via This Cardano Wallet Feature (UToday)
• Cardano Founder Embraces New Blockchain Explorer, ADA Network Activity Continues to Fall (UToday)
• Cardano Becomes Most Actively Developed Project in Crypto Industry (UToday)
  
• Cardano’s unique address activity sinks to a 1 year-low ahead of Vasil hardfork (Finbold)
• $ADA: WingRiders Becomes #1 DEX on Cardano by TVL (Cryptoglobe)

MINING

• Montana storm knocks 75% of Marathon's active crypto mining fleet offline (TB | Cointelegraph)
• Bitcoin miner Mawson to defer all major capital expenditures until market conditions normalize (Cointelegraph)
• Bitcoin’s bottom might not be in, but miners say it ‘has always made gains over any 4-year period’ (Cointelegraph)
• Luxor Launches Hosting Marketplace for Bitcoin Miners Amid Build-Out Delays (Coindesk)
• Bitcoin mining revenue mirrors 2021 lows, right before BTC breached $69K (Cointelegraph)
• Bitcoin mining company Compass Mining loses facility for not paying electricity bill (Cryptoslate | Cointelegraph | Bitcoinist | Blockworks | CryptoPotato)
• Bitcoin miner White Rock Management launches in the US (TB | Cointelegraph)
• Bitcoin mining stock report: Tuesday, June 28 (TB)
• Argentina customs investigating alleged scheme involving mining hardware: Ámbito (TB | Coindesk)
• Uzbekistan warms up to Bitcoin mining, but there’s a catch (Cointelegraph)
• Ethereum Energy Consumption Sees Sharp Decline As Mining Profitability Drops (Bitcoinist)

REGULATION/LEGISLATION

• Community reacts after SEC’s Gensler affirms BTC’s commodity status (Cointelegraph)
• Central Bank of Morocco to introduce Bitcoin and crypto regulation bill (Finbold)
• Russian lawmakers approve tax breaks for cryptocurrency issuers: Reuters (TB | Cointelegraph) 

THE BAD

• Two charged for alleged plan to steal tens of millions of dollars in bitcoin from New York home (TB | Cointelegraph)

PODCASTS

• Stephan Livera: SLP387 Tuur Demeester - How Does The Panic of 1907 Relate to Bitcoin?
• The Pomp Podcast: #1023 Mark Moss On How Bitcoin Is A TimeChain, Not A Blockchain
• The Breakdown: The Battle for Self-Hosted Wallets
• Unchained: Does Venture Capital Investment Violate the Ethos of Crypto? Sequoia Says No
• On The Brink: Blake King on How Grids can Accommodate Bitcoin Mining
• Decrypt Daily: June 28: Am I Irked? For Kamaui