"Good questions outrank easy answers."
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Happy Tuesday Folks! Bitcoin appears to be back on the right track which leaves us asking once again, was that the last time Bitcoin will trade under $20K? A wallet from way back is moving Bitcoin, some think it's about the Mt. Gox case. Oh by the way, September 7th is the first anniversary of Bitcoin Day in El Salvador.

Trending News: News that is getting the most coverage today is about JP Morgan spouting how you should sell your Crypto because the market is going to crash. JPMorgan’s David Kelly believes that crypto will see more downside pressure after the Fed signaled that there would no dovish pivot. However, as Michael Saylor told Laura Shin - Never Sell Laura. In addition, Iranian businesses get the green light to use Crypto for imports and Ethereum scaling network Arbitrum is set for The Merge.

Speaking of the Merge Analyst are mixed on which direction $ETH will go, Peter Brandt talks about it plunging where as Michael van de Poppe believes if strength continues we could see $2,200 next. Brian Brooks believe the FED fighting inflation is bad for Bitcoin. Meanwhile, a big Indonesian e-commerce giant buys a local Crpto exchange. 

Legal battles continue to brew between Ripple and the SEC, meanwhile Hodlnaut now placed under creditor protection after freezing withdrawals. Talk about having a bad day, Crypto.com sues user after refunding $10M instead of $100.

Mystery: What is 3AC up to? Their Ethereum address suddenly moved 10,000 ETH on exchange.

JUST IN

• Top execs from Genesis and Galaxy are raising a $500 million fund (TB)
  

TRENDING

• Rep. Raja Krishnamoorthi: Congressman calls on crypto exchanges and regulators to account for fraud and scams in crypto (TB | Decrypt | Blockworks | Cointelegraph | Coindesk | EWN)
• Hodlnaut now placed under creditor protection after freezing withdrawals (Cointelegraph | TB | BIC | Coindesk | Bitcoinist)
• Crypto.com Sues User After Refunding $10M Instead of $100 (Blockworks | Bitcoinist | Cointelegraph)
• Iranian businesses get the green light to use crypto for imports (Cointelegraph | EWN | BM)
• Tether responds to Wall Street Journal ‘disinformation’ (Cointelegraph | UToday | Coindesk)

BITCOIN

• Ancient Bitcoin Wallet Reactivates Another 5,000 BTC, Reason and Destination Yet Unknown (UToday)
• TA: Bitcoin Price Reclaims $20K, Why 100 SMA Is The Key To More Upsides (NewsBTC)
• BTC price top warnings emerge as 10K BTC leaves wallet after 9 years (Cointelegraph)
• Bitcoin Whale Activity Wakes Up As BTC Hovers Just Above $20,000 Level: On-Chain Data (TDH)
• Bitcoin erases latest gains with BTC price back below $20K as dollar spikes (Cointelegraph)
• So what if Bitcoin price keeps falling! Here is why it’s time to start paying attention (Cointelegraph)
• Ether, Bitcoin Could See Turbulence as Open Interest Leverage Ratio Soars to Record High (Coindesk)

ETHEREUM

• TA: Ethereum Just Reversed and $1,600 is Imminent, Here’s Why (NewsBTC | NewsBTC)
• Number of Ethereum addresses in loss hit a new monthly high as Merge nears (Finbold)
• Ethereum (ETH) Options Traders Bullish Ahead of Merge (BIC)

THE MERGE

• Ethereum scaling network Arbitrum set for major upgrade on Aug. 31 (Cointelegraph | Cryptoglobe | TB | Blockworks)
• Five numbers to know going into Ethereum’s Merge (TB)
• Solana (SOL) vs. Ethereum: Analyst Pits ETH Against One of Its Biggest Competitors (TDH)
• Aave community proposes to temporarily suspend ETH lending before the Merge (Cointelegraph)

ALTCOINS & STABLECOINS

• Solana (SOL) Risks Steep Correction Following Short-Term Breakdown (BIC)
• DEX accidentally hits kill switch on mainnet, locking 660,000 USDC inside (Cointelegraph | Decrypt)

ANALYST'S CORNER

Positive

• Michael van de Poppe: $ETH Surges 10%, Crypto Analyst Says ‘If Strength Continues -> $2,200 Next’ (Cryptoglobe)
• Peter Brandt: Legendary Trader Shows How You Could  Profit from Ethereum's Plunge (UToday)
• CoinMarketCap: Crypto community makes bullish XRP price prediction for the end of September - $.49 (Finbold)
• CoinMarketCap: Crypto community sets Dogecoin price for September 30, 2022 - $.08 (Finbold)

Neutral

• InvestAnswers: Compares Ethereum ($ETH) to Solana ($SOL) (Cryptoglobe)

Negative

• JPMorgan: You Should Sell Your Crypto (UToday | BIC | TDH)
• Justin Bennett: Popular Analyst Says Latest Crypto Bump Is a Bull Trap – Here’s Why (TDH)
• Nicholas Merten: Here’s How Digital Assets Could Dip Even Further Than Bear Market Lows, According to Top Crypto Analyst (TDH)
• Bloomberg: Top Smart Contract Platform Ethereum (ETH) Could Dip Below $1,000 Before The Merge (TDH)

NOTABLE VOICES

• Brian Brooks: Federal Reserve Fighting Inflation Is Bad For Bitcoin Says Bitfury CEO (BIC)

ACQUISITION

• Indonesian e-commerce giant buys local crypto exchange for $8MM (Cointelegraph | Bitcoinist)

ACCEPTANCE/ADOPTION

• News From El Salvador, Late August: Preparing for Bitcoin Day’s 1st Anniversary (Bitcoinist)
• Russian PM takes cue from Iran’s crypto payment permit for imports (Cointelegraph | CryptoPotato)
• Luxury Life For Crypto – Puerto Rico Opens the Door to Bitcoin Real Estate Buying (Bitcoinist)

CEFI/DEFI

• 3AC Ethereum Address Suddenly Moved 10,000 ETH on Exchange: Potential Reasons (UToday)
  
• Crypto market turmoil highlights risks of leverage in trading (Cointelegraph)
• Protocol upgrade accidentally freezes ETH on Compound for 7 days (TB)

BLOCKCHAINS

• BNB Chain Introduces Liquid Staking to Provide Crypto Users Access to More Income Streams (Coindesk)

MINING

• Bitcoin mining stock report: Tuesday, August 30 (TB)
  

LEGISLATIVE & REGULATORY WATCH

• Jaime Baeza: ‘We need to learn what regulation works and what holds us back’ — Hedge fund exec (Cointelegraph)
• Christos A. Makridis: Crypto developers should work with the SEC to find common ground (Cointelegraph)
• Regulatory Criticism, Internet Troubles Disrupt Spain’s Largest Crypto Event (Blockworks)
• Crypto 'cannot be partisan' says US lawmaker who scored negative on bipartisanship index: Report (Cointelegraph)
• Tom Emmer: Crypto 'cannot be partisan' says US lawmaker who scored negative on bipartisanship index: Report (Cointelegraph)
• President of Paraguay vetoes crypto regulation law (Cointelegraph)

LEGAL BATTLES

• Ripple counsel: SEC’s shakedowns leave consumers holding the bag (Cointelegraph | UToday)
• Thodex crypto exchange’s CEO arrested for allegedly defrauding investors of $2.7 billion (Finbold)
• FOLLOW UP: Ava Labs And Roche Freedman Fire back, AVAX Shakes Off Losses (Bitcoinist | BIC)
• Thai SEC alleges Bitkub CTO committed insider trading (Cointelegraph | Coindesk | BIC)
• CFTC takes legal action against Digitex futures exchange and CEO (Cointelegraph)

LISTEN

• Untold Stories: Let's Talk Bitcoin with Adam B. Levine
• The Wolf Of All Streets: Will American Politicians Ever Embrace Crypto? | Dennis Porter, Satoshi Action Fund
• Unchained: Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?
• Decrypt Daily: Aug 29: Cardano Hard Fork Coming Soon
• TFTC: #355: A different approach to lightning micropayments with Jared Nusinoff
• Bitcoin Audible: A Look at the Lightning Network [Lyn Alden]

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.