"Life begins within us. We influence, and in essence,
control what happens by our thinking, our attitude
and how we respond to the Universe around us."
- Karen Marie Lewman
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Happy Monday Folks! The price of Bitcoin is leading the news this morning as it is once again below the magical number of $20K; currently trading around $19,843.55. On the 4 hour chart overhead resistance now sits right around $20K so it will need to break that with a decent amount of volume to have any chance of a reversal; otherwise Bitcoin is vulnerable to more losses. It seems when ancient Bitcoin wallets wake up we have these mysterious dumps.
Trending News: Ava Labs’ CEO Emin Gun Sirer has denied allegations that the company paid off a law firm to harm competitors via class-action lawsuits and to distract regulators. Meanwhile, Singapore’s central bank is requesting information from cryptocurrency firms and by collecting information, the MAS hopes to understand their financial soundness and interconnectedness. Regulatory changes are expected promptly for the local crypto industry, following the collapse of several high-profile enterprises operating there.
Top Narratives: Impact of the MT. Gox coins, The Ethereum Merge, Vasil Hard Fork timeline, Tether's legitimacy, regulatory watch globally, and mixed Analyst's outlook on the market.
Five Things to Know:
- Spot price triggers $18,000 target
- Traders prepare for further U.S. stocks declines
- U.S. dollar targets September 2002 levels
- MVRV-Z score retreats into the green
- “Extreme fear” makes a comeback
Podcast of the Day:On The Brink: Obi Nwosu (Fedi) on Second-Party Custody with Fedimint
I continue to appreciate each of you that read, watch, and listen with me daily. I update this blog throughout the day so keep an eye on it. I've decided to create a trending section so that the most covered news will be at the top. I've moved the disclaimer to the bottom so you can get right to the news. I've updated my and it's a work in progress but let me know what you think.
- TA: Bitcoin Price Dives Below $20K, Why BTC Is Vulnerable To More Losses (Cointelegraph
- Crypto Coin AVAX Drops 11% After Self-Described Whistleblower Says Avalanche Weaponized Litigation Against Rivals (CointelegraphCryptoglobeBlockworks
- Singapore’s MAS Considers Tougher Crypto Regulations; Ban For Retail "Not Likely to Work" (CryptoPotatoBlockworksContelegraph
CRYPTO MARKET
- Trading expert calls 200-week MA test ‘moment of truth’ for entire crypto market (
- US dollar hits new 20-year high — 5 things to know in Bitcoin this week (Cointelegraph
- Global Crypto Adoption Exceeds 320,000,000 Users, According to Study – Asia is Leading the Charge (
- 46% of US Crypto HODLers Not Happy With Their Investment (Study) (CryptoPotato
- The number of crypto billionaires is growing fast, here’s why (Cointelegraph
- Ancient Bitcoin Whales Are Awakening, What's Happening? (Bitcoinist
- Inflation Hedge or Not, Bitcoin's True Value Is Separation of Money and State () [Opinion]
MT. GOX
- Mt. Gox creditors dismiss rumors of massive Bitcoin dump (Cointelegraph
THE MERGE
- The Merge May Negatively Impact DeFi Protocols, Stablecoins: Report (
- Ether May Continue to Lose Momentum Until Merge Is Completed, BofA Says (
- Ethereum Could Get Kicked Off Cloud Host That Powers 10% of Crypto Network (
- Ethereum (ETH) Price Falls Sharply Despite Merge Set for Early September (
- Ethereum Funding Rates Drop To 14-Month Low, Short Squeeze In The Making? (
- $3.6 Billion Worth of Ethereum Got Burned, Here's What Happens After Merge (
VASIL HARD FORK
- Cardano outranks Bitcoin in global top intimate brands in new report (Cointelegraph
- Cardano Founder Reveals New Date For The Upcoming Vasil Hard Fork (
STABLECOINS
- 0.3% fall in assets ‘could render Tether technically insolvent:’ WSJ (Cointelegraph
- Tether Pushes Back Timeline on Audit: Report (Blockworks
- Simon Dedic: As Total Crypto Market Cap Falls Below $1 Trillion, Moonrock Capital CEO Says ‘Dumb Money Is Leaving’ (Cryptoglobe
- Frank Downing: ARK Invest Unveils Bullish Ethereum (ETH) Outlook, Says Crypto Markets Moving Back to Risk-On Environment (
- Anthony Scaramucci: $BTC: SkyBridge Capital Founder on Why BlackRock’s Interest in Bitcoin Is a Big Deal (Cryptoglobe
- Mark Yusko: Morgan Creek Capital CEO Predicts Massive Flood of New Crypto Users (Cryptoglobe
- Altcoin Sherpa: Crypto Strategist Issues Alerts for Bitcoin and Chainlink, Says BTC Looking Heavy (
- Credible: Popular Analyst Predicts Imminent Rallies for Group of Crypto Assets, Says Ethereum (ETH) Will Take Backseat (
- Lark Davis: Highlights Five Important Facts About Ethereum’s Merge Upgrade (Cryptoglobe
NOTABLE VOICES
- Jordan Belfort: Admits He's Wrong About BTC Dropping to Zero; Low cap crypto is like penny stocks, says Wolf of Wall Street (BitcoinistCointelegraph
- Justin Bons: Bitcoin is ‘one of the worst cryptocurrencies’ claims Cyber Capital founder (Cointelegraph
LEGAL BATTLES
- Grayscale, Disclosing SEC Queries, Says Cryptos XLM, ZEC, ZEN May be Securities (
- Ripple CEO comments on Crypto Leaks, denies funding law firm to target others (Cointelegraph
REGULATORY WATCH
- Most of the responses to Joe Biden's crypto executive order are due next week (
- issues crypto marketing rules to better protect investors (Cointelegraph
- CoinSwitch CEO, in Wake of Searches by Authorities, Says the Crypto Exchange Is 'Fully Cooperating' (
EXCHANGES
- Binance to Temporarily Suspend ETH Withdrawals on August 31: Details (
- Bitcoin Mining Difficulty Expected to Spike 6.8% to Reach All-Time High (CryptoPotato
- On The Brink: Obi Nwosu (Fedi) on Second-Party Custody with Fedimint
- The Wolf Of All Streets: These 4 Ideas Are Driving Crypto Adoption | Matthew Roszak, Bloq
- The Breakdown: Ethereum’s Censorship Trial by Fire
- Bankless: 134 - Ethereum Unsensored with Justin Drake
- What Bitcoin Did: Has Ethereum Been State Captured? With Mark Goodwin
- Untold Stories: How to get a Crypto Job with Lacey Kaelani
- Decrypt Daily: Aug 27: PoW is not The Issue & PoS is not The Answer
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.
