Bitcoin supply which has been dormant for at least 5 years has reached ATH
Data from online chain analysis firm Glassnode confirms that the percentage of Bitcoin supply that is idle for at least 5 years is higher than ever.
On August 18, the percentage of Bitcoin supply that has been inactive for at least 5 years hit a new ATH of 24.351%. As a result, almost a quarter of the circulating supply (19.12 million BTC) has not been brought to market since 2017 or earlier.
CME Group to add ETH options ahead of the Ethereum merge
CME Group, which is the world’s largest derivatives exchange, plans to launch options on Ethereum futures next month—just days before the long-awaited “merge” upgrade to the Ethereum network completes.
According to the announcement, the product would launch on September 12, pending regulatory review.
Tether swaps accounting firms, says it will publish monthly attestation on stablecoin backing
Stablecoin issuer Tether has tapped BDO Italia to take over its regular attestation reports and said it plans to publish the reports every month rather than once a quarter.
The firm, a member of the Binder Dijker Otte, or BDO, global network of accounting and consulting firms, will publish the attestations and assurance reports that detail the assets that make up the $67 billion the USDT stablecoin has in reserves, Tether said Thursday.
BTC fell under $22,000, ETH dropped to $1,700
Following the publication of information from the Federal Reserve about the potential of raising interest rates, Bitcoin (BTC) has declined for 5 consecutive days.
The biggest cryptocurrency in the world hit its lowest point in August, dropping to $21,447. Today, the value of other altcoins like Solana, Polygon, or Avalance also decreased by over 10%. In the last 4 hours, more than 228 million USD worth of futures contracts were liquidated, with long orders accounting for 86.94%, or 198 million USD, according to Coinglass.
Rarible proposes no-fee Bored Ape NFT marketplace for ApeCoin users
Rarible shared its proposal idea on Wednesday, pitching an ApeCoin-centric NFT platform that will charge no marketplace fees for NFTs that are listed natively by holders.
The marketplace, powered by the open-source Rarible Protocol, would also aggregate listings from other notable marketplaces—including OpenSea and LooksRare—to boost liquidity.
Bitcoin whales number reaches new local high
According to data from Santiment, the amount of BTC addresses holding over 100 and less than 10,000 BTC has reached 15,800, the largest number since June 11.
Top 10 Daily Gainers
During extreme market volatility, the wave of fan tokens suddenly returned when there were eight fan tokens entered the Top Daily Gainers on the ONUS application.
In the last 24h, SANTOS has witnessed a significant growth of 154.97%. At the broader time frame, this asset has gained 224% after 1 week and 300% after 1 month. Following behind are FIU (up 88.54%), PORTO (up 43.36%), OG (up 40.16%),…
Ethereum Classic (ETC) TVL doubles ahead of Ethereum (ETH) Merge
Ethereum Classic saw more than a 100% increase in total value locked (TVL) due to the pouring of more liquidity into the project in anticipation of the Ethereum Merge.
Ethereum Classic (ETC) has been one of the best-performing cryptocurrencies in the last two months. The blockchain increased by 158% in TVL in July. On July 1, TVL was $93,213 and rose to $241,388 on July 31, according to BeInCrypto Researched based on data from DeFiLlama.
Whale accumulated 1,379 BTC
According to Whale Alert, in the last 24 hours, 1,379 BTC was transferred from Xapo to an unknown wallet. This amount of BTC is worth $32,514,392.
Soneva’s luxury resorts now accept crypto payments
Luxury resort chain Soneva has reportedly begun accepting payments in Bitcoin and Ethereum at its resorts.
In order to accept cryptocurrencies, Soneva has partnered with two companies: crypto payment solutions provider Triple A and payment platform provider Pomelo Pay. According to Bruce Bromley, Soneva’s chief financial officer, accepting cryptocurrencies as a payment method is another example of enabling international guests to easily make payments from anywhere in the world.