π #XRP consolidates near $2.75 as liquidity tightens and bearish pressure builds. Onchain data suggests a possible pullback before bulls step in.
πββοΈ #BTC NYDIG urges Bitcoin treasury companies to abandon the "misleading" mNAV metric.
NYDIG takes the example of acquisition Strive Asset Management's acquisition of Semler Scientific and notes that mNAV does not take into account going concern and often uses "deemed outstanding shares," which may include convertible bonds that do not qualify for conversion.
NYDIG takes the example of acquisition Strive Asset Management's acquisition of Semler Scientific and notes that mNAV does not take into account going concern and often uses "deemed outstanding shares," which may include convertible bonds that do not qualify for conversion.
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ππ Web3 Wallets Metrics Overview
Phantom β In H1 2025, it surpassed MetaMask in revenue ($191M vs $56M), capturing 90% of the US Solana market and 96% of balances in India.
MetaMask β Unmatched Scale: 30M Monthly Active Users and 60% EVM market (US/India) provide stability.
Trust Wallet β 210M+ installs (leader in total users) and 35% self-custody market, but 17M Monthly Active Users and lower revenue ($3.89M) show focus on beginners.
Rabby β 4M users and 122 chains for DeFi advanced user. Low fees (0.25%) and 3x swap volume growth β show potential to compete with the leaders.
They have announced plans to issue tokens
Phantom β In H1 2025, it surpassed MetaMask in revenue ($191M vs $56M), capturing 90% of the US Solana market and 96% of balances in India.
MetaMask β Unmatched Scale: 30M Monthly Active Users and 60% EVM market (US/India) provide stability.
Trust Wallet β 210M+ installs (leader in total users) and 35% self-custody market, but 17M Monthly Active Users and lower revenue ($3.89M) show focus on beginners.
Rabby β 4M users and 122 chains for DeFi advanced user. Low fees (0.25%) and 3x swap volume growth β show potential to compete with the leaders.
They have announced plans to issue tokens
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π΄ββ οΈ PeckShieldAlert: Hyperdrive reported hack resulting in ~$773k loss.
π Syncracy Capital co-founder: digital asset treasury (DAT) companies own $105 billion worth of cryptocurrency and could turn into long-term ecosystem players. coindesk
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ππ³ Whale Transactions:
1. Vitalik sold 2 memcoins received for free for the last, getting 13,889 #USDC and 28.58 #ETH ($114.7k) (1, 2);
2. Cozomo de' Medici contributed 1.28m USDC to Hyperliquid account and bought 781,252 #XPL ($1.28m);
3. bc1q7l withdrew 584.72 #BTC ($63.91M) from Binance;
4. 0x25Fa withdrew 3884 #ETH ($15.57 million) from OKX.
1. Vitalik sold 2 memcoins received for free for the last, getting 13,889 #USDC and 28.58 #ETH ($114.7k) (1, 2);
2. Cozomo de' Medici contributed 1.28m USDC to Hyperliquid account and bought 781,252 #XPL ($1.28m);
3. bc1q7l withdrew 584.72 #BTC ($63.91M) from Binance;
4. 0x25Fa withdrew 3884 #ETH ($15.57 million) from OKX.
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ππ #XPL Data CoinGlass: Yesterday, the volume of open positions in XPL contracts surpassed BNB, reaching an all-time high of $1.826 billion. Also, liquidations in the last 24 hours exceeded $24.9 million (second place behind 10000SATS).
Meanwhile, the volume of stablecoins on Plasma exceeded $7 billion.
Meanwhile, the volume of stablecoins on Plasma exceeded $7 billion.
ππ #ETH treasury reserve companies now hold 5,255,246 ETH.
They bought 816,000 ETH this month, which is 50% less than August.
They bought 816,000 ETH this month, which is 50% less than August.
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π€ #BTC Research by on-chain analyst SaniExp shows 11M BTC held in 23.4M addresses outside exchanges & institutions.
Assuming ~6 addresses per user, thatβs roughly 3.9M active users controlling most BTC outside custodial pools.
Assuming ~6 addresses per user, thatβs roughly 3.9M active users controlling most BTC outside custodial pools.
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