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- Kin Hubbard
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Welcome to Thursday Folks! If you've been reading my blog for a while you will know that I've been reading the tea leaves for a long time on USDC and I believe it will become the US Digital Dollar. It is now an expansion part of a "multichain" vision. Yesterday it was reported that USDC has joined Cosmos and Circle is pulling up all stops at getting global adoption of that Stablecoin; which is fully audited. This Do Kwon/LUNA story is not going to end anytime soon, now Terraform Labs is saying that the case is being highly politicized and the CFTC Chair Rostin Behnam says Bitcoin's price could double but that's only if there is a CFTC-regulated market.
Podcast of the Day: Bitcoin Audible: Read_658 - Bitcoin Will Replace SWIFT Before VISA [Shinobi]
Trending
- USDC chain expansion part of ‘multichain’ vision (Cointelegraph | BIC | Coindesk | TB | Decrypt | TDH)
- Terraform Labs says South Korea's Luna case is 'highly politicized': WSJ (TB | Cointelegraph | Blockworks | Coindesk | TDH)
- Rostin Behnam: CFTC Chair: ‘Bitcoin Might Double in Price if There’s a CFTC-Regulated Market’ (Cryptoglobe | Finbold | Coindesk | TB | TDH)
CRYPTO MARKETS
- US Treasury yields are soaring, but what does it mean for markets and crypto? (Cointelegraph)
- Reshuffle Looms As Treasury Secretary Leaves Soon – Will It Impact Crypto? (Bitcoinist)
BITCOIN & ETHEREUM
Positive
- TA: Bitcoin Price Resilience Suggests A Fresh Rally is Imminent: Here’s Why (NewsBTC)
Neutral
- Is Bitcoin an Inflation Hedge? Investors Are Still Unsure (Coindesk)
- Global Markets and Bitcoin on Macro Support, All Eyes on DXY (BIC)
Negative
- Bitcoin Monthly RSI Hits All-Time Low: What It Means for BTC Price (BIC)
- Bitcoin price skirts $19.3K amid fear over ‘mother of all rug pulls’ (Cointelegraph)
- Capitulation? Bitcoin ($BTC) Whale Holdings Drops to 29-Month Low (Cryptoglobe)
- Key Reason Why Bitcoin Suddenly Dropped to Intraday Low (UToday)
- Bitcoin Ranges Steady Despite Tech Downtrend (Blockworks)
- Bitcoin 30-Day Long-Term Holder SOPR Is Yet To Hit Bottom Values (NewsBTC)
- Pro traders don’t expect Bitcoin to break and hold $20,000 anytime soon (Cointelegraph)
ALTCOINS/STABLECOINS/CBDCs
- XRP On The Cusp Of Biggest Price Boost In Months As Bitcoin Struggles To hold $19k (ZyCrypto)
- XRP Price Eyes Ultimate Explosion To New All-Time Highs If Ripple Takes Major Win Over SEC (ZyCrypto)
- Cardano (ADA) to Start Trading on Japan's Bitbank Exchange (UToday)
- Why Cardano (ADA) Price Is Still Likely To Fall Below $0.40 Despite Vasil Upgrade (BIC)
- Solana Price Reverses Its Green Start, What’s The Next Target? (NewsBTC)
- Despite Declining Marketshare, USDT Still Remains Top Stablecoin (Bitcoinist)
- Gemini wants to boost GUSD stablecoin volume in MakerDAO (TB | CryptoPotato)
- Circle to Roll Out Free Crypto Literacy Program to HBCUs (Coindesk)
- Jack Dorsey’s TBD Teams Up With Circle to Take US Dollar Stablecoin Savings and Remittances Global (Coindesk)
- Peer-to-Peer Validation for Digital Euro Might Not Be Feasible, ECB Says (Coindesk)
- ECB reports on digital euro validation, privacy one year into investigative phase (Cointelegraph)
- Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis (Cointelegraph)
- The Caribbean is pioneering CBDCs with mixed results amid banking difficulties (Cointelegraph)
ANALYST'S CORNER
- Credible Crypto: Bitcoin ($BTC) Price Could See Parabolic Rally to $150,000, Popular Crypto Strategist Suggests (Cryptoglobe)
- DonAlt: Crypto Analyst Doubles Down on Big XRP Rally Despite Red Markets – His Target is $3 (TDH)
- Jason Pizzino: Crypto Analyst Warns Altcoins Could Crash by Up to 60% More Within the Next 12 Months (TDH)
- Bill Barhydt: Abra CEO Predicts Crypto Rally After End of Strong Dollar, Says Digital Asset Banks To Take Over TradFi (TDH)
- Justin Bennett: Crypto Analyst Details Bitcoin Playbook Through October, Says US Dollar Index Is Bullish for Crypto (TDH)
NOTABLE VOICES
- Binance CEO CZ: Despite Common Misconception Binance Has Not Stopped Supporting $USDC (Cryptoglobe)
- Changpeng Zhao: Binance CEO Says Regulation To Drive Adoption for Over 90% (TDH)
- Kevin O'Leary: JPMorgan's CEO feels threatened by disruption in payment systems (Cointelegraph)
- Lawrence Summers: Crypto regulation can be 'enabler' for industry, says former Treasury secretary (TB)
- Alexander Höptner: Institutional appetite continues to grow amid bear market — BitMEX CEO (Cointelegraph)
- Ken Griffin: Citadel CEO says It’s ‘real irony’ that people use crypto to pull away from government (Finbold)
- Alexander Höptner: BitMEX CEO Discusses Keeping up With the Competition and the Future of Crypto (BIC)
ACCEPTANCE/ADOPTION
- Ghana set to catch up to Nigeria and Kenya in terms of crypto adoption: Chainalysis (Cointelegraph)
- Crypto is Quietly Thriving in Sub-Saharan Africa: Chainalysis Report (Coindesk)
ACQUISITION
- Circle acquires payment services firm Elements (TB)
BLOCKCHAINS
- Is Ethereum Censorship a Concern Post-Merge? (Blockworks | Finbold)
- Ethereum Merge was ‘executed flawlessly,’ says Starkware co-founder (Cointelegraph)
- Ethereum Merge Shows Crypto Is 'Getting Its Act Together': Eric Schmidt (Decrypt)
- $ADA: Charles Hoskinson Hopes to See a ‘Certified Wallet’ Notion on Cardano (Cryptoglobe)
- $ADA: How Cardano’s Vasil Upgrade Is Making DApps ‘More Efficient and Cheaper To Run’ (Cryptoglobe)
- Solana Founder Names Biggest Hurdle to Mainstream Adoption (UToday)
EXCHANGES
- Bittrex, BitGo, six others sign on to crypto market integrity pledge (TB)
MINING
- Miners Take off for The Great – and More Profitable – North (Coindesk)
- Russia agrees on draft crypto mining law in energy-rich regions (Finbold)
- Bear Market Blues: Miners and Long-Term Holders Are Dumping Their Bitcoin (CryptoPotato | Cointelegraph)
- Bitcoin miner Rhodium to go public via merger deal (TB | Coindesk)
- 'The market's fundamentally changed': Why crypto firms are moving to offer loans to bitcoin miners (TB)
LEGISLATION/REGULATION
- Biden’s cryptocurrency framework is a step in the right direction (Cointelegraph)
- Senators want to allow crypto firms to share cyber threat info (Cointelegraph | TB)
- SEC takes aim at crypto project and its 'market maker' over alleged manipulation (TB | Cointelegraph)
- CFTC Commissioner Kristin Johnson touts DCCPA bill in market risk advisory meeting (Cointelegraph)
- CFTC commissioner Caroline Pham proposes office focused on retail crypto investors (Cointelegraph)
- Crypto Regulation Remains an Urgent Policy, Despite Bear Market: ECB’s Villeroy (CryptoPotato)
- Non-euro stablecoin transaction cap revived in MiCA (TB)
- New legislation aims to expand 401(k) investment options to include crypto (TB)
- EU Lawmakers Attack Amazon’s Involvement in Digital Euro Project (Coindesk)
- Brazil’s securities regulator asks Mercado Bitcoin to clarify token information: Estadão (TB)
- Kazakhstan ready to legalize crypto as Russians flock to the country (Cointelegraph)
LEGAL BATTLES
Voyager
- Voyager's auction did not serve depositors' best interests, alleges Wave Financial rep (Cointelegraph)
- Voyager files proposed order to facilitate FTX sales process (TB)
Celsius
- Celsius creditor committee plans to oppose equity holder motion (TB | Coindesk)
- Court appoints examiner in Celsius bankruptcy case (TB)
- Celsius stablecoin sale plan faces objections from securities regulators (TB)
Terra
- Terra Spokesman Argues ‘Luna Classic has Never Been a Security’ Amid Legal Trouble (BIC)
- Crypto Exchanges KuCoin and OKX Asked by Authorities To Freeze $67,000,000 in Bitcoin Tied To Do Kwon: Report (TDH)
Nexo
- Nexo ‘surprised’ by state regulators’ actions, says co-founder (Cointelegraph)
Ripple
- XRP Lawsuit: Former SEC Official's Calendar Might Suggest Ripple Was Unfairly Targeted: Fox Business (UToday)
LISTEN
- Bitcoin Magazine: Central Bank Digital Currencies and the United States w/ Natalie Smolenski
- The Breakdown: As Bank of England Intervenes, Druckenmiller Sees Crypto Renaissance
- The Wolf Of All Streets: Why 10 Million People Use Trust Wallet | Eowyn Chen, CEO of Trust Wallet
