unfolded.
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Latest crypto market insights

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On July 25th, Ethereum contract calls hit a new all-time high of 3.11M. Ethereum contract usage is surging as decentralized finance (DeFi) apps continue their hot streak. — link
The entirety of what we call DeFi is worth less than both XRP and Bitcoin Cash alone, DeFi makes up only 1.5% of the entire crypto market — link
Bitcoin and gold's 30-day correlation are returning to near all-time highs. — link
Huobi launches digital asset custody platform — link
China dominates 2020 global blockchain patent applications — link
Power plants in Iran now authorized to mine bitcoin — link
Binance has launched a fiat-to-crypto trading platform in Australia — link
Deribit $BTC options open interest hits all-time-high >$1.6 billion, global ~$2 billion. | @unfolded
Almost 68k $BTC or ~$750m options is set to expire this week
EQUOS.io is set to become the United States’ first publicly-traded crypto exchange later this year — link
27 core PlusToken team members are all arrested by Chinese police, the biggest crypto scam in the history so far, $5.8B worth of crypto scammed — link
Circle is partnering with Digital Currency Group subsidiary Genesis Global Trading to build out its USDC yield and lending services — link
Year Progress:
▓▓▓▓▓▓▓▓▓░░░░░░ 58%
Twitter says spear-phishing attack on employees led to breach — link
Russian interest in Paxful’s P2P platform surges 350% — link
Bitcoin hashrate hits another all-time-high

glassnode | @unfolded
Indian government confirms crypto bill is 'awaiting approval' — link
BOJ appoints new head for department overseeing digital currencies — link
Over 123k $ETH addresses hold >32 $ETH are ready for staking. This number has grown by 12% YTD.
The total amount of fees paid to miners are above the ICO craze.

In July, 22.2% of #ETH miner revenue came from transaction fees. — link
Putin signs bill that will prohibit the use of cryptocurrencies for payment starting next year — link