📊 #BTC CQ: BTC inflows to Binance from whales are sharply declining compared to previous years. The annual average is now around 6,500 BTC, a level that hasn't been reached since 2018. In the shorter time frame, the weekly average is around 5,200 BTC, which is one of the lowest values in this cycle.
However, one must consider that the ecosystem now offers many more alternatives for trading or storing BTC. The number of exchanges has increased and the ongoing expansion of DeFi provides additional venues, likely redirecting flows that were previously almost exclusively directed to large exchanges such as Binance.
However, one must consider that the ecosystem now offers many more alternatives for trading or storing BTC. The number of exchanges has increased and the ongoing expansion of DeFi provides additional venues, likely redirecting flows that were previously almost exclusively directed to large exchanges such as Binance.
🔓📝 According to Tokenomist, large one-time token unlocks (single unlocks exceeding $5 million) scheduled over the next seven days include #ZRO, #ARB, #SEI, #ZK, #LISTA, and ID. Large linear unlocks (daily unlocks exceeding $1 million) over the same period include #RAIN, #SOL, #TRUMP, #WLD, #DOGE, #ASTER, #AVAX, and #TAO. The total value of these unlocks exceeds $309 million.
🐳 #ETH Whale 0x76AB, after losing $3.3M going long on ETH, has jumped back in — opening an 8x long on 5,524 ETH ($17.4M). link
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🇨🇳⛏️ #BTC The total network hashrate dropped by approximately 100 EH/s yesterday, a decrease of about 8%. At least 400,000 Bitcoin mining rigs shut down, mainly due to the closure of Bitcoin mining farms in Xinjiang, China. link
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🥳 #ETH JPMorgan Launches First Tokenized Money Market Fund on Ethereum.
- JPMorgan to seed fund with $100 million internal capital.
- JPMorgan sees 'massive' interest in tokenization from clients.
- JPMorgan to seed fund with $100 million internal capital.
- JPMorgan sees 'massive' interest in tokenization from clients.
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🙋♂️ #ETH Vitalik Buterin suggests using ZK-proofs for auditing algorithm X and ranking. cointelegraph
💳 Visa has launched a stablecoins advisory practice to adapt to the growing influence of cryptocurrency. #stablecoin
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🇺🇸⛏️ #BTC Trump Family-backed miner American Bitcoin increases its BTC holdings to over 5,000 BTC.
🇧🇹🤝 Bhutan has signed a multi-year memorandum of understanding (MoU) with cryptocurrency market maker Cumberland DRW to collaborate on building digital asset infrastructure in Gelephu Mindfulness City (GMC). cointelegraph
💰 #ETH BitMine Immersion (#BMNR) reported its ETH holdings have increased to approximately 3.97 million ETH, accounting for over 3.2% of the total ETH supply.
As of Dec. 14, the company's total crypto, cash, and investments amounted to roughly $13.3 billion, which includes $1 billion in cash and 193 BTC. link
As of Dec. 14, the company's total crypto, cash, and investments amounted to roughly $13.3 billion, which includes $1 billion in cash and 193 BTC. link
🏦🙋♂ #SOL Charles Schwab adds Solana (SOL) futures and Micro Solana (MSL) futures.
🥳🔄 #TAO Bittensor has completed its first halving. TAO's daily issuance volume dropped from 7,200 to 3,600 coins and the block reward was reduced to 0.5 TAO.