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Welcome to Thursday Folks! Yes I am sure many are asking this question and tune in to The Wolf Of All Streets show in 90 minutes or so. I believe this bear market is by far the worse we've seen in almost a decade. It appears Terra ecosystem kicked off a cascading effect that has taken down CEFI and some Crypto exchanges; SBF is working to rescue or take over depending on how you look at the situation. Now it seems they are looking to completely acquire BlockFi - still no good news for Celsius. 

The Analyst (Tone Vays, Glassnode, and Pantera Capital) sentiment is definitely bearish but there is a silver lining coming from the banks (Deutsche and JP Morgan.) Grayscale is now officially suing the SEC since they denied yet again a Spot Bitcoin ETF. There are a lot of good podcast today so definitely scroll down and check them out. Read, Watch, and LISTEN!

BREAKING

• Basel Committee wants to limit banks' digital asset exposure to just 1% of equity (Cointelegraph | Tweet | Finbold)

CRYPTO MARKET

• Crypto market cap lost 60% of its value in H1 2022 wiping $1.3 trillion (Finbold)
• 80,000 Bitcoin millionaires wiped out in the great crypto crash of 2022 (Cointelegraph)
  
• 'Can't stop, won't stop' — Bitcoin hodlers buy the dip at $20K BTC (Cointelegraph)
• Only 11% of Investors Left Crypto Market Instead of Expected 70% (UToday)
• Sam Bankman-Fried Out to Win Whole Crypto Market, Early FTX-Backer says (Blockworks)
• Crypto’s Correlation to Equities Dips Following All-time Highs in May (Blockworks)

BITCOIN & ETHEREUM

• Bitcoin Trading Volume Sinks Down Almost 60% In 9 Days (Bitcoinist)
• Bitcoin nears worst monthly losses since 2011 with BTC price at $19K (Cointelegraph)
• Bitcoin Dumps to 11-Day Low Beneath $20K as Global Markets Tumble (Market Watch) (CryptoPotato)
• Bitcoin price drops 3% to ten-day lows as Ethereum inches closer to $1K (Cointelegraph | Decrypt)
• Ethereum $1K price support in danger as Q2 comes to a close (Cointelegraph)
• 2.5 Million Ethereum Removed from Existence (UToday)

ALTCOINS

• Zero Bullish Catalysts For Cardano, Solana, XRP As Bitcoin Risks Crashing To $12,000 (ZyCrypto)
  
• Cardano (ADA) Trading Goes Live on One of Canada's Biggest Exchanges (UToday)
• Traders debate whether Solana (SOL) is a buy now that it’s down 87% from its all-time high (Cointelegraph)

STABLECOINS

• Stablecoin Dominance Surges in June as Crypto Markets Shed 35% (Blockworks)
  

ANALYST'S CORNER

Bullish

• InvestAnswers: On-Chain Indicator at 10-Year Lows Could Trigger Bitcoin (BTC) Reversal: InvestAnswers (TDH)
• Deutsche Bank: Predicts Bitcoin May Reclaim $28,000 This Year (UToday | Cointelegraph | TDH)
• JPMorgan: Crypto Market Deleveraging Might Soon End (CryptoPotato | UToday | TDH | Blockworks | Cointelegraph)
• Santiment: Cardano FOMO Could Return Quickly (TDH)

Bearish

• Michael van de Poppe: Crypto Analyst Michaël van de Poppe Issues Bitcoin Warning, Updates Ethereum Outlook As Markets Dive (TDH)
• Glassnode: Bitcoin ($BTC) and Other Cryptos Undergoing a Bear Market of ‘Historic Proportions’, Analysts Say (Cryptoglobe)
• Tone Vays: Veteran Trader Updates Bitcoin Forecast As BTC Clings to $20,000 (TDH)
• Dan Morehead: Pantera Capital Says It Is Long-Term Bullish on Crypto, But More "Meltdowns" Might Come in Months (UToday)

NOTABLE VOICES

• Robert Kiyosaki: Does Not Think Bitcoin Is Cheap Enough To Buy the Dip (Cryptoglobe)
• SBF: Crypto’s Second-Richest Billionaire Issues Dire Warning, Says More Digital Asset Firms Will Collapse (TDH)
• Reserve Bank of India: Cryptocurrencies are not currencies nor a financial asset (Finbold | Cointelegraph)
• Scaramucci: Blasts SEC’s rejection of Grayscale’s spot Bitcoin ETF as ‘a missed opportunity’ (Finbold | Cryptoglobe)
• Billy Markus: Here's How This Crypto Winter Will Influence Crypto Community: Dogecoin Co-Founder (UToday)

CEFI

• Lido community strongly against limiting its Ethereum staking dominance (TB)
  

ETFs

• Predictions came true: Grayscale initiates lawsuit against the SEC for rejecting spot Bitcoin ETF (Finbold | Cointelegraph | TB | Cointelegraph)
• Bitcoin Short ETF is Now Second Largest Bitcoin ETF in US (CryptoPotato | Cryptoglobe)
• Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish (NewsBTC)
• New spot Bitcoin ETF launched at Euronext Amsterdam Exchange (Cointelegraph | CryptoPotato)

BLOCKCHAINS

• Lightning Labs Introduces Taproot, Musig2 in Beta Version of Lightning Network Daemon (CryptoPotato)
• ‘Gray Glacier’ Upgrade Goes Live on Ethereum Network (Decrypt | TB | Blockworks)
• Ripple Expands into New Zealand via AirWallex (UToday)
• Big Cardano (ADA) Upgrade Set To Go Live, According to Developers – Here’s the Timeline (TDH)

EXCHANGES

• Coinbase reportedly selling user geo-location data to U.S. immigration agency (Finbold | Bitcoinist | Cointelegraph)
  
• Abra becomes latest crypto firm to cut jobs (TB)

MINING

• Bitcoin miner Greenidge's permit renewal denied by New York regulator (TB | Coindesk)
• Bitcoin mining stock report: Thursday, June 30 (TB)
• Samsung to produce Bitcoin mining chips; Secures Chinese ASIC firm as 1st customer (Finbold | Bitcoinist)
• Russian central bank exec is OK with crypto mining under one condition (Cointelegraph)

CEFI CONTAGION

• FTX seeks to acquire troubled crypto lender BlockFi: sources (CNBC | TB | Cryptoglobe | EWN | Blockworks | Cointelegraph | CryptoPotato | NewsBTC) DEBUNKED! (Tweet)
• FTX walked away from a deal with Celsius after seeing state of its finances: sources (TB)
• Singapore authorities reprimand Three Arrows Capital for providing false information (TB | Finbold | Cointelegraph | Blockworks | UToday | CryptoPotato)
• CoinFlex CEO: Restoring Withdrawals Could Take More Time Than Expected (CryptoPotato | TB)

LEGISLATION/REGULATION

• EU reaches agreement on final landmark crypto regulation (TB)

THE BAD

• CFTC brings $1.7B fraud case involving Bitcoin against South African national (Cointelegraph | TB | Blockworks)

PODCASTS

• Bitcoin Magazine: Is the World ready for Bitcoin? w/ Ben Prentice
• Unchained: The Chopping Block: Here’s What Was So Bad About Three Arrows Capital
• Untold Stories: Lessons from the Bull Market with Michael O’Rourke
• The Pomp Podcast: #1026 Alyse Killeen On How The Bitcoin Lightning Network Is Taking Over The World
• The Breakdown: A Primer on Bitcoin’s Lightning Network
• Bitcoin Audible: Guy's Take #57 - Bitcoin Domino Theory
• The Wolf of All Streets: Ex CFTC Chairman Chris Giancarlo On The Future Of The Digital Dollar
• Stephan Livera Podcast: SLP388 Meron Estefanos Bitcoin, Human Rights & Refugees
• Bankless: Bear Market War Stories with DCinvestor & Eric Conner