πΈπ»π The world's press seemed to be becoming less interested as El Salvador's #BTC vaults gained value.
ππ #BTC CQ: Long-Term Holders (18m-3y) sold 2M+ BTC since Nov 2023, cashing out $138B. Another 500K BTC may hit the market by year-end, potentially impacting prices. Corporate sector likely to absorb this supply, as Bitcoin demand grows.
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π΅οΈ #ETH London-based Abraxas Capital bought another 46,295 ETH ($115.3M), scooping up a total of 350,703 ETH ($837M) since May 7. The firm currently sits on an unrealized profit of $50M.
π #ETHβs Pectra upgrade hasnβt translated into a spike in network engagement just yet. Since the upgrade, the average new and resurrected addresses are down in comparison to YTD values (β1.8% and β8.4% respectively) - but churn is notably lower as well (β8.5%).
π¦π·π
ββοΈ President Milei has shut down the Argentine unit investigating the #LIBRA cryptocurrency scandal.
π΅οΈ #ETH Notably, 8 newly created wallets withdrew 105,736 ETH ($262M) from Kraken after Jeffrey Wilcke's deposit.
It is possible that Jeffrey Wilcke did not intend to sell ETH, but just transferred them to other wallets.
It is possible that Jeffrey Wilcke did not intend to sell ETH, but just transferred them to other wallets.
π #SUI leads all blockchains in terms of #stablecoin inflows in the last 24 hours, with $83.4 million flowing into its ecosystem.