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Most Covered
- Solana joins ranks of FTT, LUNA with SOL price down 97% from peak — Is a rebound possible? Yes according to Vitalik Buterin(9)
- Bahamas seized $3.5 Billion from FTX to keep them from vanishing.(6)
- Justin Sun-related Valkyrie wants to take on Grayscale Bitcoin Trust.(4)
New research indicates boomers make better crypto investors. Crypto Market panic eads to significant investment product AUM and volume declines. Mark Yusko says crypto assets need to offer value to customers so the centralized finance industry can take off. Binance CEO Changpang Zhao, the billionaire says that he believes unique innovations within the Web3 sector of the market will bring about the next crypto bull run. Over 4,000 crypto ATMs installed in 2022 despite bear market. Italian Parliament approves 26% Crypto-gains tax in 2023 budget.(2)
3 reasons why Bitcoin is likely heading below $16,000:
- Negative pressure from the U.S. Federal Reserve tightening movement
- Bitcoin buyers' demand using leverage are yet to be seen
- Options traders getting comfortable with downside risks
Bitcoin now under realized price for 163 days, but it's 'not undervalued yet' says research as BTC price drifts nearer $16K.(2) $8K dive or $22K rebound? Expect more Bitcoin miners to go bankrupt in 2023. Bitcoin investor sentiment remains steady as BTC stalls at $16,000.
Galaxy Digital pops day after Argo mining acquisition announcement. Bitfarms CEO steps down and sells shares; Bitcoin mining capitulation spreads. Bitcoin-themed pub opens in New York City. BlackRock gives bankrupt Bitcoin miner Core Scientific a new $17M loan; BlackRock among bankrupt miner Core Scientific's creditors. Compass Mining wins $1.5 million in court ruling against hosting provider. Bitcoin's mining industry is in survival mode. Bitcoin miners got crushed by Crypto winter.(2) What's in the cards for 2023? Pain?
Ethereum price signals bearish moves, test of $1,100 seems possible. Ethereum needs to defend $1,180 to sustain this 50-day ascending pattern. Ethereum finishes 2022 with ATH correlation to Bitcoin, despite the merge. XRP price in danger of plummeting with a ton of liquidity to the downside. Dogecoin price tumbles below support, this could be strong bearish. Dogecoin devs deny rumor of immediate PoS switch following community concern.(2) Cardano (ADA) ranks as top crypto protocol by development activity in 2022.(2) Litecoin (LTC) and Binance Coin (BNB) are Crypto assets to keep on the radar as Whale activity spikes, according to Santiment. Polygon (MATIC) depicts further downtrend, this could be the next support level.
Stablecoins dominate the trading volume in the last Crypto friday of 2022. Binance dominates Bitcoin and Crypto market like Mt. Gox once did. In fact, Arcane Research Senior Analyst Vetle Lunde believes ‘Binance Is the Clear Winner of 2022.’ XRP and LTC margin trading pairs added by Bitget exchange. BitMEX and Kraken in the lead with regard to Proof-of-Reserve status, says Nic Carter.(2)
Ripple vs SEC: The role of Lbry’s motion to limit remedies. False alarm: DOJ did not classify MNGO as a commodity. Cross-Chain bridge hacks were the newest headache in 2022 for Crypto users. Investors seek to sell FTX, Celsius, BlockFi, Voyager claims. CFIUS plans to review any deals made by bankrupt Crypto lender Voyager. Binance.US deal with Voyager may fall under federal committee review.
Defrost Finance Denies Rug Pull Allegations Amid $12M Exploit; the group says it’s retrieved all the funds after offering a bounty to the hacker. Privacy of 100,000 Crypto traders compromised as trading bot firm 3Commas confirms hack after warning from Changpeng Zhao
Prosecutors unlikely to offer Sam Bankman-Fried a favorable plea deal, says lawyer. FTX-owned Liquid announces plan to return customer funds. FBI investigating 3Commas data breach. SBF met with Biden’s senior advisers 2 months before FTX’s collapse. FTX founder reportedly cashes out $684K after being released on bail.(2) FTX Japan to allow customers to withdraw funds starting in February. FTX’s International customers lawyer up, ask Judge to rule that customer assets are not property of FTX estate. Companies and investors may need to return billions in funds paid by FTX. Sam Bankman-Fried and FTX executives met with CFTC Commissioner for dinner in October 2021. Bankman-Fried's first post-arrest tweet says he didn't move Alameda funds after posting bail.(2) FTX Debtors will seek return of crypto held by Bahamas regulator.
Suicide Committed by Vice President of Bithumb's Largest Shareholder.(3)
Well that is a wrap folks, if you'd like to be in the know throughout the day, join me on Wubits where I am constantly sharing my thoughts about the Crypto market and personal development type topics. It's a community where you can meet REAL people, make REAL connections, and have REAL conversations.
WATCH
LISTEN
Podcast of the Day: Muneeb Ali on the Future of Bitcoin Building | The Breakdown
Other Podcast
- Programmable Bitcoin and a Turing Complete Economy with Justin Banon of Boson Protocol | The Charlie Shrem Show
- Dec 29: Alameda’s Crypto is on the Move | Decrypt Daily
- Read_687 - How the IMF and World Bank Repress Poor Countries, Part 5 [Alex Gladstein] | Bitcoin Audible
- ROLLUP: Why Solana is Down Bad | Avi Arrested | MicroStrategy Purchases $41M Bitcoin | Gemini Sued Over Gemini Earn | Bankless
- Weekly Roundup 12/30/22 (Avi Eisenberg arrest, weather affects the hashrate, our predictions for 2023) | On The Brink
- Prosecutors Could Target SBF's Family If He Doesn't Plead Guilty, Says Martin Shkreli | Unchained
