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Control of Bitcoin’s supply has been steadily shifting towards smaller entities.

The % of supply owned by entities holding ≤ 10
$BTC grew from 5.1% to 13.8% in 5 years, while the percent held by entities with 100-100k BTC declined from 62.9% to 49.8%. — link
P2P Bitcoin trading tops $95 million — link
BTC Reserves on Exchange Wallets Dropped by 11.3% in 2020

While the Bitcoin price has increased by 63.2% since the beginning of 2020, Bitcoin reserves on exchange wallets have dropped by 11.3%:

2.708M BTC on January 1;
2.402M BTC on August 5.
Monthly Derivatives Volume Increased by 21% in July

According to the latest data from
CryptoRank.io, in July, derivatives exchanges saw an increase of 21% in monthly trading volume with a total of $444B.

Top exchanges by monthly volume are Huobi, OKEx, Binance, and BitMEX:

Huobi, $108B —> $139B or +29%;
OKEx, $106B —> $119B or +12%;
Binance, $89B —>$114B or +28%;
BitMEX , $46B —> $50B or +9%.
The Latest Breaking News 📣

#1 Ethereum Classic Suffers Second 51% Attack In a Week — link

#2 Billion-dollar software firm MicroStrategy eyes big Bitcoin buy — link

#3 Square Reports 600% Increase in Quarterly Bitcoin Revenue — link

#4 Coinbase Follows Huobi in Supporting .Crypto Domains-Based Payments — link

#5 Bitcoin in, gold out among young investors, claims JPMorgan — link

#6 Florida teen charged in Twitter account hacks case pleads not guilty — link

#7 A Newly Discovered Vulnerability in Ledger Wallet Could Be Disastrous If Not Properly Fixed — link

#8 OKEx Launches Indian P2P Trading Platform Despite Legal Uncertainty — link
Binance will list Balancer (BAL) and open trading for BAL/BNB, BAL/BTC and BAL/BUSD trading pairs at 2020/08/06 2:00 PM (UTC).https://www.binance.com/en/support/articles/2816e153fe36411fa39b34247db77db0
The First Crypto Gas Station is Now on Kadena’s Blockchain

Before a user can interact with a dApp, they first have to create a wallet, go to an exchange, and buy the relevant cryptocurrency used as a unit of gas.

Kadena’s solution to this onboarding problem is gas stations.

https://medium.com/kadena-io/the-first-crypto-gas-station-is-now-on-kadenas-blockchain-6dc43b4b3836
Another large 51% attack occurred on the #ETC which caused a reorganization of over 4000 blocks.

Vitalik Buterin: "ETC should just switch to proof of stake."

https://twitter.com/etherchain_org/status/1291216063628226562
Average Developer Activity Last 30d

DATA from Santiment
Forwarded from Tamil₿TC -தமிழ்பிடீசி Channel (Er.R.Vinothkumar🇮🇳 @TamilBTC Admin)
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Ethereum Classic Suffers Second 51% Attack In a Week
Coinbase Wallet Adds Support For ‘Uncensorable’ Crypto Domains
Billion-dollar software firm MicroStrategy Eyes Investing in Bitcoin