DeCenter β Blockchain and Bitcoin
ποΈ Public companies and funds now control over 2% of the total Ethereum supply. @DeCenterOrg
If the current growth trend continues, by September the share of ETH held in ETFs could surpass that of BTC.
@DeCenterOrg
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πΊπΈ The state of Wyoming has launched Frontier Stable Token (FRNT) β the first U.S. stablecoin issued by a public entity.
The token is already available on several networks, backed by U.S. dollars and short-term Treasuries with 2% overcollateralization.
@DeCenterOrg
The token is already available on several networks, backed by U.S. dollars and short-term Treasuries with 2% overcollateralization.
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π¦ SoFi will become the first U.S. bank to integrate the Bitcoin Lightning Network for international transfers β enabling fast, low-cost money transfers directly from the app.
@DeCenterOrg
@DeCenterOrg
π Companies that regularly purchase cryptocurrency for their balance sheets have become key players in the market this year β according to The Block, by August they had invested over $15 billion.
@DeCenterOrg
@DeCenterOrg
Thatβs more than giants like Tether and OnlyFans.
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DeCenter β Blockchain and Bitcoin
ποΈ Public companies and funds now control over 2% of the total Ethereum supply. @DeCenterOrg
Currently, companies hold more than 2% of the ETH supply, up from just 0.2% two months ago.
@DeCenterOrg
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Beacon Network is designed to prevent illicit funds from leaving the blockchain. Founding members include Coinbase, Binance, PayPal, Robinhood, Stripe, Kraken and Ripple.
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ππ° Hong Kongβbased construction company Ming Shing has purchased 4 250 BTC worth about $483 000 000.
@DeCenterOrg
@DeCenterOrg
DeCenter β Blockchain and Bitcoin
Many users argue Qubic only caused a limited chain reorg rather than gaining control. Still, Kraken briefly halted XMR deposits, citing βsecurity uncertainty.β Experts suggest the incident was more of a PR stunt than a real threat.
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π¨π Swiss bank UBS reported that wealthy Chinese families, through their investment funds, put about 5% of their money into cryptocurrency.
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Against this backdrop, the previously largest product, wBTC, has declined by 17% since the launch of cbBTC.
The total issuance of synthetic BTC on the network has remained almost unchanged, meaning that cbBTCβs growth is largely driven by a liquidity shift from wBTC. The key reasons are the convenience of issuance through Coinbaseβs infrastructure and a drop in trust toward wBTC following a scandal involving entities linked to Justin Sun.
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