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It's Fridayyyy Folks! It's slow. Once again Bitcoin is lulling traders and investors to sleep. The bands are constricting once again which means we could see a significant breakout in either direction. Traders are mix - if we hold $19K a big pop and if it breaks $19K a big drop?
The news cycle doesn't have much to report this morning and the Podcast list is about the same; anemic. Meanwhile, another check in the win column for Ripple vs SEC. The MicroStrategy news might gain traction and being trending because it's interesting to see Michael Saylor following the Jacks (Maller and Dorsey) and focusing on the Lightning Network.
Podcast of the Day: The Scoop: zkSync head of product: Ethereum learning to scale will be like 'coming out of Plato's cave'
Trending
- MicroStrategy Looks to Hire Software Engineer for Building Bitcoin Lightning Network Infrastructure (Coindesk | CryptoPotato | TB | BM | Cointelegraph)
- Ripple secures another win as Judge orders SEC to turn over Hinman documents (Bitcoinist | Finbold | Blockworks | Cointelegraph | TDH)
- Binance Scores Another Regulatory Approval in New Zealand (CryptoPotato | Coindesk | TB | Cointelegraph | BIC)
Gaining Traction
- Lark Davis Dismisses ‘Ridiculous’ Pump and Dump Allegations (CryptoPotato | BIC | Cointelegraph)
CRYPTO MARKET
- Crypto Holders Could Have a Big Impact in Upcoming US Midterm Election, Suggests New Poll (TDH)
- 3 Big Crypto Predictions for October 2022 (BIC)
BITCOIN & ETHEREUM
Positive
- Bitcoin (BTC) Price Holds Ground in Q3 Despite Global Financial Turmoil (BIC)
- Bitcoin in ‘HODL’ hits a 5-year high as investors remain unaffected by market volatility (Finbold)
- Investors ditch the euro and pound for Bitcoin in record numbers as their value plummets (Finbold)
- Mainstream media sentiment shifts in favor of Bitcoin amid fiat currency woes (Cointelegraph)
- Bitcoin surges above $20K after 6% BTC rally gains steam ahead of the monthly closed (Cointelegraph | UToday)
- Big Bitcoin ‘price move on the horizon’ anticipated heading into October (Finbold)
Neutral
- Is Bitcoin Really Decoupling From Stocks? Experts Weigh-In (Decrypt)
Negative
- Bitcoin profitability for long-term holders decline to 4-year low: Data (Cointelegraph)
- Bitcoin's Bullish Seasonality Muddled by Continued Slide in 'USD Liquidity Index' (Coindesk)
- Bitcoin 2021 bull market buyers ‘capitulate’ as data shows 50% losses (Cointelegraph)
ALTCOINS/STABLECOINS/CBDCs
- Price analysis 9/30: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT (Cointelegraph)
- XRP Jumps 20% in a Matter of Hours Amid SEC’s Latest Setback in Ripple Lawsuit (Finbold | ZyCrypto | TDH)
- ADA Bulls Rub Hands In Glee As Cardano Plans $200 Million Projects Funding To Grow Its Ecosystem (ZyCrypto)
- Cardano's Djed Stablecoin Closer Than Ever to Deployment, Here's One Thing Left (UToday)
- Solana Surges 8% in Week, Challenges Ethereum on This Specific Market (UToday | Cryptoglobe)
- Philippine Central Bank Thinks Stablecoins Could ‘Revolutionize’ the Payment System (CryptoPotato)
- The Case Against CBDCs In A Capitalist Society: Banks Won’t Be Happy (Bitcoinist)
- BIS Sets Up To Explore CBDC With The Central Banks Of Sweden, Israel And Norway (Bitcoinist)
TRADER'S CORNER
- Michaël van de Poppe: Trading experts predict momentum for Bitcoin if it holds $19K (Finbold)
- Capo: Bitcoin price due ‘big dump’ after passing $20K, warns trader (Cointelegraph)
- CoinMarketCap: Dogecoin price prediction for October 31, 2022 - $.06748 (Finbold)
NOTABLE VOICES
- Ben Zhou: Bybit CEO is bullish on crypto, asserts ‘macro trends are nothing to fear’ (Finbold)
- Ed Cooper: Revolut’s crypto chief says ‘Christmas lights use more energy than Bitcoin’ (Finbold)
- Sen. Lummis: Bitcoin Will Benefit if SEC Moves To Regulate Crypto Assets (TDH)
ACCEPTANCE
- Telefónica, Spain's Largest Telco, Allows Purchases With Crypto, Invests in Local Exchange Bit2Me (Coindesk | CryptoPotato)
- Crypto Loans Are Booming in Latin America Amid Runaway Bank Rates and Inflation (Coindesk)
- Checkout Crypto Strategy Chief Talks About Crypto Payments Space (BIC)
ETFs
BLOCKCHAINS
- 25% of Ethereum Blocks Comply With US Sanctions and Can Censor Transactions (BIC)
- T-Systems MMS to Introduce Ethereum Validator Nodes and Staking (BIC)
- Cardano Vasil Upgrade Cuts Gas Fees by Nearly 50% and Transaction Space by 10x: ADA Decentralized Exchange (TDH)
EXCHANGES/BANKS
- Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds (Coindesk)
MINING
- Celsius Mining claims hosting provider Core Scientific violated bankruptcy terms (TB)
- Bitcoin mining stock report: Friday, September 30 (TB)
LEGISLATION/REGULATION
- The 'Brussels Effect' wields real influence over US crypto regulation (Cointelegraph)
- CFTC Accuses Digitex of Shopping ‘Illegal’ Crypto Derivatives (Blockworks | TB)
- Crypto and decentralization could influence voters in 2022 US midterm elections: Report (Cointelegraph)
LEGAL BATTLES
- Texas, Vermont regulators object to Celsius stablecoin sale plan (Coindesk | Cointelegraph)
- Justice Department seeks to block withdrawal motion in Celsius case (TB)
- Crypto Biz: The Voyager Digital auction is over — What now? (Cointelegraph)
- Ripple vs. SEC: Private Jet Charter Company Wants to Highlight XRP's Utility (UToday)
- SEC Charges Crypto Firms for Alleged Scam With 'Gold-Backed' Ethereum DIG Token (Decrypt)
- Ripple Partner Releases Sensational Appeal to Court and SEC, Here's What It Says (UToday)
- Arrested Tornado Cash developer to stay in jail after appeal rejected: Exclusive (TB)
ATTACKS/HACKS/SCAMS
- Amber Group uses simple hardware to show just how fast, easy the Wintermute hack was (Cointelegraph)
LISTEN
- OTB: Weekly Roundup 09/30/22 (CFTC comes after Ooki/bZX, the Fed abandons CFTC ambitions, the convenience yield of stables)
- Bitcoin Magazine: Venture Capital in the Bitcoin Space w/ Alyse Killeen
- Bankless: ROLLUP: NFTs Are Hot Again | Macro is Breaking?! | CFTC Prosecuting DAO Token Holders
