The number of crypto whales is rising. Here’s where they’re coming fromBTC $9242 (+1%) • ETH $232 (+2.7%) • XRP $0.177 (+0.8%)
The number of Bitcoin whales has been rocketing higher since the start of 2019, pointing to an intense accumulation phase amongst these large investors who hold massive amounts of crypto. The growth of this number seems to indicate that investors with access to large sums of capital do believe that the cryptocurrency’s long-term outlook is incredibly bright, as it is fast approaching its all-time highs that were set in May of 2018. Data, however, indicates that this number is not growing due to new money entering the market, but rather due to these entities withdrawing BTC from exchanges.
More news ⏬Three reasons why China will “lose its grip” on Bitcoin mining as political tensions mount
Weeks after the Bitcoin halving in mid-May, miners are seemingly moving out of China and into Europe — with one prominent mining pool stating geopolitical tensions between the United States and China are a major catalyst. Thanks to our premium sponsors⭐️ Phemex - Phemex is a Singapore-based and fastest cryptocurrency and derivatives exchange. It supports six trading pairs with up to x100 leverage. ⭐️ Bitamp - Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin securely on the blockchain. ⭐️ Switchere- Switchere is a safe, licensed & non-custodial crypto exchange where you can sell & buy crypto with credit card instantly. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Latest Compound proposal aims to resolve issue soaking up 80% of BAT’s liquid supply
A previous Compound proposal for COMP yield farming caused a mess in the DeFi market, pushing users to yield farm only in the markets with the highest interest rates. Hoskinson: Cardano (ADA) can “leap frog” Bitcoin decentralization by 100 times
Bitcoin was predicated on being a decentralized technology. Crypto hedge fund refutes Bitcoin’s popular stock-to-flow model in detailed analysis
According to the latest paper from Strix Leviathan, Bitcoin’s popular stock-to-flow model is fatally flawed and nothing more than a marketing piece. Fund manager: Ethereum’s largest investors are fueling option market’s parabolic rise
Ethereum’s market landscape has been shifting significantly in recent times. Ethereum yield farming change could “sharply break” DAI’s $1 peg: analyst
The past few weeks have seen so-called “yield farming” gain popularity throughout the Ethereum ecosystem. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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