75% of all Bitcoin has been hodled for over 6 months

Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn't been sold or moved for the last six months.

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Vitalik transferred 400 ETH (worth about $1.06m) to the new address: 0x18...F10E at 12:06 UTC+8 today. Vitalik transferred 1 ETH to 0x18...F10E yesterday, and then deposited 0.998 ETH into the mixer Railgun. Previously, Vitalik said that Railgun can effectively prevent malicious actors and protect user privacy. — link

ETHGlobal announced the list of winning projects of SuperHack 2024, including the gas-free game Tamayoshi, the social graph ChooseADelegate, the Discord payment robot Century Pay, EthDrive similar to Google Drive, the Farcaster on-chain reputation game Kiss or Slap, and the on-chain AI art game DrawDash. — link

Investor and Coinbase's first CTO Balaji Srinivasan announced the establishment of an innovative university, THE NETWORK SCHOOL, on an island near Singapore, focusing on Learn, Burn, Earn and Fun. The project aims to provide new educational opportunities for "Dark Talent" around the world. — link

HashKey Group announced that TON mini-game Catizen became its first Web3 partner, and disclosed that less than 150 days after Catizen went online, global users have exceeded 29 million, with DAU reaching a maximum of 3.5 million, on-chain users exceeding 1.8 million, and Telegram Premium users exceeding 2.1 million. — link

Since Telegram users do not need KYC, there may be a large number of fake users who repeatedly try to get airdrops

Man allegedly tries to ‘recover’ losses from BitConnect, kidnapping two

Indian authorities have arrested a man for allegedly kidnapping two employees of BitConnect creator Satish Kumbhani and extorting $125 million in crypto.

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According to CoinShares, digital asset investment products received a total inflow of $30 million last week, with $42 million flowing into Bitcoin and only $4.2 million flowing into Ethereum. Due to a sharp drop in Memecoin trading volume, Solana had a net outflow of $39 million, setting a record for the highest weekly outflow. — link

Tether announced today that it will soon launch USDT on the Aptos network and this integration is part of Tether’s broader strategy to leverage Aptos’ blockchain technology, speed, and scalability to make digital currencies more accessible and usable around the world. — link

Goldman Sachs lowers US recession risk to 20%, what it means for Bitcoin

Goldman Sach’s economists said the Federal Reserve could also cut rates next month, and analysts say this could be welcomed by Bitcoin traders.

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