Crypto News: Funding * • White House Releases Climate and Energy Implications of Crypto Assets Report: PoW Mining Could Help the US Reach their Target Emissions Goals - Whitehouse website [https://www.whitehouse.gov/wp-content/uploads/2022/09/09-2022-Crypto-Assets-and-Climate-Report.pdf] Industry News * • The Fed, the Merge and $22K BTC — 5 things to

Crypto News: Funding: * • VC Continues to Prioritize Web3. Funding this week – Blockworks [https://blockworks.co/funding-wrap-venture-capitalists-continue-to-prioritize-web3] * • Seven Seven Six To Launch $177M Crypto Fund – Blockworks [https://blockworks.co/seven-seven-six-to-launch-177m-crypto-fund] Industry News: * • Crypto Faith Strong Across Americas Despite Global Drop — Blockworks [https://blockworks.co/crypto-faith-strong-across-americas-despite-global-drop-survey/]

MARKET UPDATES * Bitcoin threatens a 20-month low monthly close with BTC price under $20K. * MakerDAO co-founder recommends DAI-USD depegging to limit attack surface. * Risk assets take a major blow as Fed Chair Jerome Powell stays firmly hawkish on inflation and monetary policy. * XRP price pumps and dumps [https://cointelegraph.com/

Risk assets struggled Friday, with Nasdaq trading 2.2% lower and BTC trading down about 10% on the same move. That’s a pretty brutal Beta on a downtick, especially when BTC has been struggling to track equities on the way up. ETH traded worse, making the extent to which

BIG PICTURE Spoiler alert–this week we’re talking about bitcoin, institutional adoption and the american economy. Sorry! Bitcoin started the week up 3.5% from the last, which produced a 6 week high… And while BTC spent last week largely consolidating from said 6-week high, we have been making

BIG PICTURE This will come as a surprise to few; there has been a distinct mood shift in markets following last week’s 0.75% rate hike by the Fed. But all anyone seems to want to talk about is 1) Are we in a recession (what’s in a

BIG PICTURE Remember Elon’s Candle? It’s the super long, bright-green daily candle from everyone’s favourite chart, dated Feb 7, 2021. It opened at $38.8K and closed at $46.8K, with an amplitude of 22.5%. One might say it’s elongated. (Most sincere apologies–can’t/