10 oct: not it

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Happy Monday Folks! Big story of the day is a continuation from the news that broke yesterday about Huobi being acquired. It appeared that Justin Sun and SBF might be the acquirers but in an exclusive with The Block, Justin Sun says "not it." On Altcoin Daily that dropped this weekend, Mark Yusko reiterated his belief that we are in Crypto Spring; as long as #Bitcoin remains above $17.5K he would be right. 

That said, Bitcoin continues to trade sideways between $18K and $22K any breakout of this channel might be violent. Whales continue to buy, explosive historical indicator is flashing, and Bitcoin rainbow change hints $BTC could reach 6-figures within 2 years; can you HODL for that long? van de Poppe sees "very big move on the horizon" and on-chain analysis points to investor confidence, however a brutal sell-off can still happen.  

The conversation about $ETH being a security is debunked by Jake Chervinsky and NLW talks about the same on The Breakdown podcast. Ensure you check out the Podcast of the Day: Bitcoin Explained: Bitcoin, Explained 65: Bitcoin Core 24.0

Trending

• Justin Sun denies being 'real buyer' of Huobi stake sale: Exclusive (CryptoPotatoBlockworksCointelegraphBitcoinist
• Over 12,000 companies declare crypto holdings in record high (Cointelegraph
• ‘Bitcoin Rainbow’ chart hints BTC could reach 6-figure price within 2 years (

CRYPTO MARKET

• Former ARK Invest Crypto Lead Explains What's Wrong with Crypto Market Today (
• How Ending 2% Inflation Targets Could Positively Impact Crypto (

• 5 things to know in Bitcoin this week (Cointelegraph
• Bitcoin Whale Ratio Surges Up As Leverage Remains High (
• BTC on-Chain Analysis: Record High Investor Confidence Could Still Lead to Brutal Sell-Off (
• Alex Kruger: Bitcoin Indicator That Historically Predicts Explosive Moves Just Started Flashing: Economist (
• Michael van de Poppe: Crypto analyst sees ‘very big move on the horizon’ for Bitcoin as volatility drops below 25 points (
• Bitcoin Mining Is Cool Again; We Can Thank Africa, Prudence and Growing Hashrate for That (

ETHEREUM

• Ethereum Could See A 15% Drop This Week – A Retreat To The $1,000 Support? (
• Ethereum adds 135,000 new addresses marking the highest daily network growth in 2022 (
• After Ethereum Merge, GPU prices may stabilize with dipping demand (Cointelegraph
• Has Proof of Stake Made Ethereum More Centralized? (
• Jake Chervinsky on Why Ethereum’s Move to PoS Doesn’t Trigger U.S. Securities Laws (Cryptoglobe

• Back to Square One? Circle's USDC Market Cap Drops Below $50B for First Time Since Terra's Collapse (

• Ripple (XRP) Is This Week’s Best Performer With 18% Gains (Market Watch) (CryptoPotato
• XRP Price Eyes $0.60 But the Bottom Is Likely Not In (
• Ripple Keeps Hiring Amid Bear Market (
• XRP Lawsuit: SEC Case Takes Surprising Turn Following Ripple’s Decisive Win in Suit (ZyCrypto

• Cardano (ADA) Price Prediction: New Yearly Lows Underway After Bearish Breakout (

• $SOL: Real Vision CEO Raoul Pal Explains Why He Likes Ethereum Rival Solana (Cryptoglobe

• Here's How Much Dogecoin Now Held by Robinhood: Details (

LEGAL ISSUES

• California man indicted for laundering crypto in drug trafficking scheme (
• Police Busted the ‘Bitcoin Sheikh’ for Stealing Over $766 Million (Report) (CryptoPotato

• Bitcoin Magazine: Bitcoin and the White House w/ Jason Brett and Dusty Daemon
• The Breakdown: A Legal Argument for Why Staking Doesn’t Make ETH a Security
• On The Brink: Jon Charbonneau (Delphi Digital) on Building for Censorship Resistance