"Life begins within us. We influence, and in essence,
control what happens by our thinking, our attitude
and how we respond to the Universe around us."
- Karen Marie Lewman

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Happy Monday Folks! The price of Bitcoin is leading the news this morning as it is once again below the magical number of $20K; currently trading around $19,843.55. On the 4 hour chart overhead resistance now sits right around $20K so it will need to break that with a decent amount of volume to have any chance of a reversal; otherwise Bitcoin is vulnerable to more losses. It seems when ancient Bitcoin wallets wake up we have these mysterious dumps.

Trending News: Ava Labs’ CEO Emin Gün Sirer has denied allegations that the company paid off a law firm to harm competitors via class-action lawsuits and to distract regulators. Meanwhile, Singapore’s central bank is requesting information from cryptocurrency firms and by collecting information, the MAS hopes to understand their financial soundness and interconnectedness. Regulatory changes are expected promptly for the local crypto industry, following the collapse of several high-profile enterprises operating there.

Top Narratives: Impact of the MT. Gox coins, The Ethereum Merge, Vasil Hard Fork timeline, Tether's legitimacy, regulatory watch globally, and mixed Analyst's outlook on the market.  

Five Things to Know: 

• Spot price triggers $18,000 target
• Traders prepare for further U.S. stocks declines
• U.S. dollar targets September 2002 levels
• MVRV-Z score retreats into the green
• “Extreme fear” makes a comeback

Podcast of the Day: On The Brink: Obi Nwosu (Fedi) on Second-Party Custody with Fedimint

I continue to appreciate each of you that read, watch, and listen with me daily. I update this blog throughout the day so keep an eye on it. I've decided to create a trending section so that the most covered news will be at the top. I've moved the disclaimer to the bottom so you can get right to the news. I've updated my website and it's a work in progress but let me know what you think. 

TRENDING

• Updated: Lawyer Roche alleges statements he made about Ava Labs are false, the result of intoxication (Cointelegraph | Blockworks | Coindesk | Cointelegraph | Cryptoglobe | BIC | Coindesk | Blockworks | UToday | Cointelegraph | TDH | TB)
• TA: Bitcoin Price Dives Below $20K, Why BTC Is Vulnerable To More Losses (NewsBTC | Coindesk | Coindesk | BIC | Cointelegraph | UToday)
• Singapore’s MAS Considers Tougher Crypto Regulations; Ban For Retail "Not Likely to Work" (CryptoPotato | Blockworks | Contelegraph | BIC | TB)
• Sam Bankman-Fried denies report FTX plans to purchase stake in Huobi (Cointelegraph | TB | BIC | CryptoPotato | Blockworks)
• Ancient Bitcoin Whales Are Awakening, What's Happening? (UToday | Bitcoinist | UToday | Dr. Kirill Kretov)
• Dubai issues crypto marketing rules to better protect investors (Cointelegraph | BIC | CryptoPotato | Bitcoinist)
• Argentina's wine-making haven now accepts crypto as tax payment (TB | Decrypt | Cointelegraph | BIC)

CRYPTO MARKET

• Trading expert calls 200-week MA test ‘moment of truth’ for entire crypto market (Finbold)
• US dollar hits new 20-year high — 5 things to know in Bitcoin this week (Cointelegraph)
• Global Crypto Adoption Exceeds 320,000,000 Users, According to Study – Asia is Leading the Charge (TDH)
• 46% of US Crypto HODLers Not Happy With Their Investment (Study) (CryptoPotato | TDH)
• The number of crypto billionaires is growing fast, here’s why (Cointelegraph)
• Majority of American Parents Want Crypto, Blockchain Education for Children, Survey Shows (BIC)
• Trading Volumes for Crypto Investment Products Hit 2-year Low (Blockworks)

BITCOIN

• Inflation Hedge or Not, Bitcoin's True Value Is Separation of Money and State (Coindesk) [Opinion]
• Bitcoin reaches 'short squeeze' trigger zone as BTC price nears $20.4K (Cointelegraph)
• Why Bitcoin Is Oversold As BTC Reclaims Territory North Of $20,000 (NewsBTC)
• How Bitcoin Phishing Scams Are Stealing Millions (NewsBTC)

MT. GOX

• Mt. Gox creditors dismiss rumors of massive Bitcoin dump (Cointelegraph | CryptoPotato | Bitcoinist | ZyCrypto)

THE MERGE

• The Merge May Negatively Impact DeFi Protocols, Stablecoins: Report (Coindesk | BIC)
• Ether May Continue to Lose Momentum Until Merge Is Completed, BofA Says (Coindesk)
• Ethereum Could Get Kicked Off Cloud Host That Powers 10% of Crypto Network (Coindesk)
• Ethereum (ETH) Price Falls Sharply Despite Merge Set for Early September (BIC)
• Ethereum Funding Rates Drop To 14-Month Low, Short Squeeze In The Making? (NewsBTC)
• $3.6 Billion Worth of Ethereum Got Burned, Here's What Happens After Merge (UToday)
• How Lido Has Received 31% Of Staked Ethereum Surpassing Coinbase And Binance (Bitcoinist | Decrypt)

VASIL HARD FORK

• Cardano outranks Bitcoin in global top intimate brands in new report (Cointelegraph)
• Cardano Founder Reveals New Date For The Upcoming Vasil Hard Fork (EWN | TDH)
• 1 Billion ADA Now in Cardano's Treasury, Vasil Draws Even Closer: Details (UToday)

CEFI CONTAGION

• Where in the world are the 3AC founders? Speculations abound (Cointelegraph)
  
• Three Arrows Capital Founder Worried About Jail Time After Massive Liquidation: Report (TDH)

ALTCOIN & STABLECOINS

• Whopping 500 Million XRP Withdrawn from Kraken in Single Transfer on the Dip (UToday | TDH)
• Here's Who Is Buying Cardano, Dogecoin Drawdown as Market Declines Continue (UToday)
• Price analysis 8/29: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, MATIC (Cointelegraph)
• Bitcoin Stablecoin Supply Ratio Is Approaching A “Buy” Signal (NewsBTC)
• 0.3% fall in assets ‘could render Tether technically insolvent:’ WSJ (Cointelegraph | TDH | Bitcoinist)
• Tether Pushes Back Timeline on Audit: Report (Blockworks | BIC)

ANALYST'S CORNER

Positive

• Frank Downing: ARK Invest Unveils Bullish Ethereum (ETH) Outlook, Says Crypto Markets Moving Back to Risk-On Environment (TDH)
• Anthony Scaramucci: $BTC: SkyBridge Capital Founder on Why BlackRock’s Interest in Bitcoin Is a Big Deal (Cryptoglobe)
• Mark Yusko: Morgan Creek Capital CEO Predicts Massive Flood of New Crypto Users (Cryptoglobe)
• Credible: Popular Analyst Predicts Imminent Rallies for Group of Crypto Assets, Says Ethereum (ETH) Will Take Backseat (TDH)
• Capo: Unexpected Short Squeeze Coming for Cardano (ADA), Says Analyst Who Called 2022 Crypto Correction (TDH)

Neutral

• Simon Dedic: As Total Crypto Market Cap Falls Below $1 Trillion, Moonrock Capital CEO Says ‘Dumb Money Is Leaving’ (Cryptoglobe)
• Lark Davis: Highlights Five Important Facts About Ethereum’s Merge Upgrade (Cryptoglobe | Cryptoglobe)

Negative

• Rager: Crypto Analyst Rager Scares Investors With September BTC Price Forecast (NewsBTC)
• Altcoin Sherpa: Crypto Strategist Issues Alerts for Bitcoin and Chainlink, Says BTC Looking Heavy (TDH)
• Ben Cowen: Crypto Analyst Says Ethereum (ETH) About To Witness Huge Correction As Fed Stays Hawkish (TDH)
• Martinez: Ethereum Might Crash After The Current Supply Zone, Analysts Predict (NewsBTC)

NOTABLE VOICES

• Jordan Belfort: Admits He's Wrong About BTC Dropping to Zero; Low cap crypto is like penny stocks, says Wolf of Wall Street (Bitcoinist | Cointelegraph)
• Justin Bons: Bitcoin is ‘one of the worst cryptocurrencies’ claims Cyber Capital founder (Cointelegraph)
• Umar Farooq: J.P. Morgan’s Blockchain Lead Believes Most of Crypto Is Just ‘Noise’ (BIC | Cointelegraph)

ETFs

• CME Group’s Euro-denominated Bitcoin and Ether futures trading goes live (Finbold | Cointelegraph | TB)

LEGAL BATTLES

• Grayscale, Disclosing SEC Queries, Says Cryptos XLM, ZEC, ZEN May be Securities (Coindesk | BIC)
• SEC v. Ripple battle spills over into WSJ op-ed pages (TB)
• Do Kwon and Other Entities Hit With New Class Action Lawsuit for Alleged False Promotion of Terra’s Tokens (TDH)

REGULATORY WATCH

• Most of the responses to Joe Biden's crypto executive order are due next week (TB)
• CoinSwitch CEO, in Wake of Searches by Indian Authorities, Says the Crypto Exchange Is 'Fully Cooperating' (Coindesk | TDH)
• Australian regulators rattle their saber as adoption takes a major leap: Law Decoded, Aug. 22-29 (Cointelegraph)
• South Korean central bank eyes MiCA, says future regulations may allow ICOs again (Cointelegraph)

EXCHANGES

• Binance to Temporarily Suspend ETH Withdrawals on August 31: Details (UToday)
• Crypto Exchange Giant Binance Restricts $1,000,000 Corporate Account, Cites Law Enforcement Request (TDH)
• Forbes Report: Over Half Of BTC Trading Volume On 157 Exchanges Are Fake (Bitcoinist | TB | NewsBTC)

MINING

• AMD and Nvidia rumored to significantly cut GPU prices in September (Finbold | Bitcoinist)
• Bitcoin mining stock report: Monday, August 29 (TB)

LISTEN

• The Wolf Of All Streets: These 4 Ideas Are Driving Crypto Adoption | Matthew Roszak, Bloq
• On The Brink: Obi Nwosu (Fedi) on Second-Party Custody with Fedimint
• The Breakdown: Ethereum’s Censorship Trial by Fire
• Bankless: 134 - Ethereum Unsensored with Justin Drake
• What Bitcoin Did: Has Ethereum Been State Captured? With Mark Goodwin
• Untold Stories: How to get a Crypto Job with Lacey Kaelani 
• Decrypt Daily:  Aug 27: PoW is not The Issue & PoS is not The Answer

Disclaimer: If you take anything I post as financial advice that's on you boo! I curate news information daily (with the knowledge I've acquired since 2011) to provide you a view of what is happening around the Digital Asset space. If YOU decided to buy, hold, or trade Digital Assets as a result of reading what I've posted, that is YOUR decision and this isn't advice. You should discuss any investments with your financial advisor and if you don't have one, find one.