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FOLLOW DAT MONEY! $7B
ANALYZING CYCLES WITH FIBOSWANNY
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Happy Tuesday Folks! Bitcoin is not dead and it's not going to die. Yesterday the most covered news of the day was about how Shrimp and Crabs are accumulating about $1.5B worth of Bitcoin, and today we see 50,000 Bitcoin being bought right now. So keep in mind that these dips are getting bought and while we do have a chorus of folks predicting $10K that will probably be the macro cycle low according to Mike McGlone. Technical indicator hints at a big move on the horizon, which way is the question. The big trends in the news right now are Binance setting up the $2B Crypto fund to help bail companies out, BlockFi Bankruptcy and lawsuit against SBF, FTX paying non-US employees and Contractors... Drama, Drama, Drama
WATCH
LISTEN
Podcast of the Day: Hyperbitcoinization w/ Jeff Booth | Bitcoin Magazine
THE WEEDS
BINANCE
- Binance Moves Over $2Bn in BTC As Part of a Proof-of-Reserves Audit (CryptoPotato)
- Binance’s bailout fund is a welcome backstop for crypto — but questions remain (TB)
BITCOIN
- Bitcoin’s technical indicators point to a ‘big move’ on the horizon (Finbold)
- Bitcoin shrugs off BlockFi, China protests as BTC price holds $16K (Cointelegraph)
- Bitcoin Price Looks Ready For Another Leg Higher Over $16.5K (NewsBTC)
- Bitcoin Price Could Plunge Below $16,000 Due To China’s Civil Uproar (Bitcoinist)
- 50,000 Bitcoin Bought in Five Days as These Investors Prepare for Santa Rally (UToday)
- Hash Ribbon Reversal Confirms Bitcoin Miner Capitulation Phase (CryptoPotato | NewsBTC)
- Hut 8 Halts Bitcoin Mining Facility Amid Energy Dispute (Blockworks)
- Bitcoin Hash Rate Slump Likely to Impact ASIC Prices (BIC)
- $BTC: Bloomberg Strategist Mike McGlone Reiterates Bitcoin Floor Price Prediction $10-12K (Cryptoglobe)
- $16K Bitcoin dropping to $12K–$14K — Can this really happen? Watch The Market Report (Cointelegraph)
- Could Bitcoin Crash to $10,000? Market Experts Weigh In (Decrypt)
- $BTC: Morgan Creek Digital Assets Partner Says ‘Miner Capitulation Is in Full Effect’ (Cryptoglobe)
- Bitcoin capitulation 4th-worst ever as BTC hodlers lose $10B in a week (Cointelegraph)
- 3 Little-Known Signals to Predict Bitcoin, Ethereum and XRP Market Bottom (BIC)
- Miami's mayor says he's still taking paycheck in bitcoin (TB)
ETHEREUM
- Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250 (NewsBTC)
- Ethereum Layer 2 Network Gas Usage Hits Record Highs (BIC)
BNB
XRP
- XRP Becomes Third Largest Asset on Canada's Major Crypto Exchange, Here's How Many Millions It Holds (UToday)
- Key XRP price level to break ahead of SEC v. Ripple summary judgment (Finbold)
DOGE
- Dogecoin Jumps 8% Overnight, Continuing Two-Week Rally (Decrypt | Cryptoglobe)
CARDANO
- Cardano Among Top Three Chains with Highest Daily Development Activity (UToday | Cryptoglobe)
LEGAL BATTLES
- Ripple And SEC File Their Summary Judgement Pleadings Early – Dec 22 (Bitcoinist)
- BlockFi bankruptcy filing triggers a wide range of community reaction (Cointelegraph | Coindesk)
- BlockFi Sues SBF Over Robinhood Shares After Filing for Bankruptcy: Report (CryptoPotato | TB | Cointelegraph | Coindesk)
FTX FIASCO
- FTX Pledges to Continue Paying Non-US Employees and Contractors (CryptoPotato | BIC | Cointelegraph | TB | ZyCrypto)
- FTX reportedly used Alameda’s bank accounts to process customer funds (Cointelegraph)
- FTX Leadership Misrepresented Bahamas Authorities’ Actions, Says AG (CryptoPotato)
- Calls for regulation get louder as FTX contagion continues to spread (Cointelegraph)
- BlockFi has $355 million in digital assets ‘frozen’ on FTX (TB | Coindesk)
- Ripple Blames SEC for BlockFi Collapse as More SBF Revelations Emerge (BIC | Bitcoinist)
- Sam Bankman-Fried gives first-ever audio interview since FTX collapse (Finbold | CryptoPotato | Cointelegraph | Coindesk)
- Beto O’Rourke returns $1 million donation from Sam Bankman-Fried: Texas Tribune (TB)
- FTX Hacker Transfers $4.1 Million in Bitcoin to OKX (CryptoPotato)
Other Podcast
- Read_678 - Toward a Node World Order [Micheal Goldstein] | Bitcoin Audible
- Mike Belshe (BitGo) on FTX and the impact on crypto market structure | On The Brink
- 'The Last Big Whale': Why the Crypto Contagion of 2022 Eventually Hit Genesis | Unchained
- BlockFi Files for Bankruptcy, Becoming Latest FTX Domino | The Breakdown
- The Perfect Use Case For Crypto | James Altucher | The Wolf of All Streets
- #377: Is Bitcoin Violence? with Jason Lowrey | TFTC
- True Vote: A Transparent Electronic Voting System Validated by the Bitcoin Blockchain with Brett Morrison - November 28th, 2022 | Cafe Bitcoin
- How To Find Mining Capital | Glyn Jones | The Mining Pod
