Thriller "A Bitcoin Zine"

Fidelity, Vanguard, Schwab Funds Have Been Loading Up on Crypto Mining StocksThree of the largest asset managers are diversifying their funds to hold blockchain stocks, throwing more establishment financial might behind bitcoin’s technology.news coming from Ada Hui via CoindeskThe 10 Largest Investment Management Companies WorldwideSomething to keep in mind, not everyone has taken a seat. 1. BlackRockAUM: $6.84 trillionBlackRock is not just the world’s largest asset manager, but one of the world’s largest financial institutions. The company was founded in 1988 and went public in 1999. The firm has been influential in advancing the growth of exchange-traded funds (ETFs), through its iShares products. iShares now comprise more than a quarter of BlackRock’s assets under management.22. The Vanguard GroupAUM: $6.2 trillionVanguard has become synonymous with the strategy of passive investing, in which money is placed in mutual funds designed to mirror the activity of specific indexes or the broader stock market. Vanguard boasts of low expense ratios for most of its funds. In addition to asset management, Vanguard offers brokerage services, financial planning, annuities, and other services.33. UBS GroupAUM: $3.26 trillionUBS Group has four interdependent divisions that operate around the world. The Switzerland-based firm describes itself as the "only true global wealth manager." About $2.3 trillion is tied up in wealth management versus $903 billion in asset management.44. State Street Global AdvisorsAUM: $3.12 trillionBoston-based State Street is the subsidiary of State Street Corporation. It manages investments for a wide range of institutional clients including non-profits, local governments, associations, and even educational groups.55. FidelityAUM: $3.2 trillionFidelity is an asset manager and a discount broker with more than 27 million customers. It offers an online platform for individual investors to buy and sell securities, and also manages entire portfolios on behalf of clients. In the summer of 2018, it made headlines when it began offering mutual funds with a zero expense ratio and minimum investment requirement.66. AllianzAUM: $2.36 trillionThis German firm is primarily an insurer but operates two asset management divisions: Allianz Global Advisors and PIMCO. By itself, PIMCO has $1.76 trillion under management, which is good enough to also land it on this list.787. JPMorgan ChaseAUM: $1.9 trillionMost people think of J.P. Morgan Chase as an investment bank, but it has a robust asset management business and got $1.3 billion in assets moved from BlackRock as part of a new custody arrangement in 2017.98. Bank of New York MellonAUM: $1.9 trillionThe history of this company dates back to its founder, Alexander Hamilton—perhaps you’ve heard of him. More than 230 years later, BNY Mellon manages investments for individuals and investments in 35 countries.109. Capital GroupAUM: $1.8 trillionThis Los Angeles-based firm was founded all the way back in 1931, making it one of the oldest in the world. It offers more than 40 mutual funds through American Funds Distributors, which is its subsidiary.1110. PIMCOAUM: $1.76 trillionAs mentioned earlier, PIMCO is managed under the same company as Allianz. Although it was acquired by a German company, it is headquartered in California, and it continues to operate as an autonomous subsidiary of Allianz.Bitcoin Heading Towards 11.5K?charts by TradingShot via TradingViewCrypto King John McAfee Arrested and Sued for Shilling ICOsThe US Department of Justice announced that John McAfee is under arrest in Spain and awaiting extradition on tax evasion charges.The SEC has also sued John McAfee, claiming he made over $23 million from touting ICO projects while lying to investors.Subscribe via iTunes or Substack. Also follow on Twitter and Medium."If you enjoyed listening to this episode and you want a really easy way to support Thriller Premium, why don't you head over to Apple Podcasts a…

news via CoinDesk & Decrypt

U.S. regulators and law-enforcement officials brought charges on Thursday against BitMEX, a Seychelles-based cryptocurrency exchange that has grown in recent years to be one of the industry’s biggest players.

According to the U.S. Commodity Futures Trading Commission, prosecutors accused BitMEX of facilitating unregistered trading and other violations, including “conducting significant aspects of its business from the U.S. and accepting orders and funds from U.S. customers,” as reported by CoinDesk

The news dominated cryptocurrency news headlines and sent traders and analysts scrambling to assess the damage and implications. Some 23,000 bitcoin were apparently withdrawn from BitMEX addresses in a single hour

One of the defendants involved in the BitMEX case went as far as to “brag” that “bribing” regulators in a jurisdiction outside the U.S. cost just “a coconut,” according to a statement by FBI Assistant Director William Sweeney Jr.

“One thing I know with regulators is, if you say things that are antagonistic in discoverable information places, you’re much more likely to be punished than people who do something very similar but keep their nose clean and not say anything and act respectfully,” Weisberger said.

The company has continued with normal operations and has vowed to fight the charges.

What I am thinking…

This has been coming for a while now, and while the charges are heavy and coordinated, we were well aware BitMEX was under scrutiny and it was just a matter of time.

CFTC alleged that BitMEX received some $11 billion in bitcoin deposits and made more than $1 billion in fees, “while conducting significant aspects of its business from the U.S. and accepting orders and funds from U.S. customers.”

This has more to do about controlling price discovery, and the CFTC knows this. Definitely a shot across the bow to overseas cryptocurrency exchanges that might be cutting corners on compliance.

Regulated commodities exchanges in the U.S. also typically offer trading leverage, but the most common bitcoin futures contract, from the Chicago-based CME, only allows positions with about three times the initial money down. Look for an uptick from here on out.

Bitcoin Chart by TradingShot via Trading View

Bitcoin has declined from $10,900 to $10,400 in the past 24 hours. More than 32,200 BTC (worth around $337 million) has been moved from BitMEX – 19% of the exchange's total funds, according to data source Glassnode. Bitcoin traders continued outflows from BitMEX Friday afternoon.

Open positions in bitcoin perpetuals (futures without expiry) traded on BitMEX have also declined by nearly 22% from $592 million to $462 million, according to data provided Skew, a crypto derivatives research firm.

However, liquidity, as measured by the bid/offer spread, on the exchange remains relatively stable, and the large trades can still be executed at low cost. Bid-offer spreads on other exchanges also remain stable.

Total inflows to exchanges averaged 65,000 bitcoin this last week, so BitMEX withdrawals are adding 25% more liquidity already. More than 65% of the total outflow has been transferred to other exchanges, while the rest into un-hosted wallets.

About 170,000 in Bitcoin or $1.8 billion, had been held in the BitMex wallets, according to Glassnode.

Today we discuss Bitcoin in October

TradingShot Chart via Trading View

So what does all this information tell us? That as long as the Dollar and Money Supply continue to rise, Bitcoin will most likely stay low and volatile and won't regain August's Highs. We need to see the USD decline again while M1 stays bullish , in order for Bitcoin to get a sustainable boost.

Bitcoin Market Health

Charts via Glassnode Studio

Increase In accredited U.S. investors enter Bitcoin…

Bitwise’s Bitcoin fund brought in $8.9 million, the…

Over $150M Drained in KuCoin Crypto Exchange Hack.

Over the weekend, a hacker breached KuCoin’s hot wallets absconding with some $150 million in crypto. KuCoin said in a statement that it detected large withdrawals of bitcoin (BTC) and ethereum (ETH) tokens to an unknown wallet beginning at 19:05 UTC time on Friday. The exchange’s chief executive Johnny Lyu said KuCoin has transferred the remaining funds from compromised wallets to new addresses and momentarily froze customer deposits and withdrawals. While other exchanges including Bitfinex and Tether have blacklisted the stolen funds. An investigation is underway and stolen customer money…

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TradingShot Chart via Trading View

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What I am watching…

The Federal Reserve is currently printing more and faster than ever. While the US dollar remains structurally strong relative to other currencies, the ongoing [Quantitative Easing] measures have attracted the attention of investors who may be wary of monetary inflation. Enter old money.

China is likely to reduce its holdings of US Treasury bonds to just under $800 billion from the current level of more than $1 trillion, according to local news outlet Global Times.

Warren Buffett’s Berkshire Hathaway Joins the Gold Rush

George Ball, the chief executive of…

Today we discuss Bitcoin in September.

TradingShot Chart via Trading View

Pump to $12800 or dump $11100 in the first half of the month? Similar to June & July?

Currently BTC is about to test the 0.786 Fibonacci. It is obvious that this holds the key, as a rejection there could push the price below the 0.382 Fib and back to the 0 at $11100 as shown on scenario (B). At the same time if the 4H candle closes above the 0.786 Fib, we can see a strong pump above 1 and towards the 1.3 Fib at $12800 as happened on scenario (A).

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Find more panels live from BitBlockBoomSubscribe via iTunes or Substack. Also follow on Twitter and Medium."If you enjoyed listening to this episode and you want a really easy way to support Thriller Premium, why don't you head over to Apple Podcasts and leave us a quick rating or even a review?Please leave a Review. Just go to ThrillerRating.com and that should open up Apple Podcasts.Podcast reviews are pretty darn important and the more reviews we receive, the more likely we'll be able to get Thriller Premium in front of more people.I am very appreciative for each one of you and would be extremely grateful if you left a 5 star review showing support. I read pretty much all the reviews that you guys leave over there. Thank You."🔊 For Podcast ⚡ Lightning ⚡ ListenersYou can now use an app and support streaming sats to Thriller Premium.Mobile: Breez is an excellent non-custodial Lightning walletMobile + Desktop: Sphinx Chat also supports streaming to podcastsDesktop/Browser: podStation browser extensionMobile + Desktop: PodFriend as app and on webMobile + Desktop: CurioCaster as a progressive web appMore information is available at https://satoshis.stream This is a public episode. Get access to private episodes at www.thrillerpremium.com/subscribe

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