Over $467,000,000 worth of BTC leaves crypto exchange Coinbase
According to Coinglass, Coinbase Pro users collectively withdrew 9,951 BTC worth $467.28 million in the last week alone as Bitcoin continues to struggle below the $50,000 level.
Coinglass reveals that the Bitcoin balances on all exchanges metric continues to be in a downtrend. Crypto exchanges currently hold 1.76 million BTC, down nearly 17% from its February 2021 balance of 2.1 million Bitcoin.
Algofi and Algorand Foundation partner to launch $3M liquidity mining initiative
Algofi, a decentralized lending protocol and stablecoin built on the Algorand blockchain has joined forces with the Algorand Foundation to distribute 2M ALGO in Q1 2022 through the Aeneas Liquidity Program.
Starting in January 2022, users of Algofi will algorithmically earn ALGO rewards when they borrow and lend ALGO, STBL, USDC, goBTC, and goETH.
2021 culminates with over $100 billion in BTC liquidations
According to a report from Arcane Research, there have been over $100 billion liquidations for the year 2021 alone.
Long liquidations for the year came out to a whopping $84.45 billion. Short liquidations came out much lesser compared to the long. At $46.89 billion, this is 50% less than the long liquidations.
Top ETH whales hold 52 billion SHIB on average
According to the data provided by WhaleStats, largest 1,000 ETH whales now hold 51,994,144,137 SHIB on average in their wallets, which is worth $1,773,576.
Besides, SHIB still holds the biggest token position by the USD value. FTX token comes next after SHIB with 39,274 coins in whales’ wallets on average, worth $1,571,121.
BUNI rises 50.43% in 24 hours
BUNI is on a significant recovery from the pre-Christmas drop, now breaking downtrend with remarkable growth over the past 24 hours.
Recorded this morning with an increase of 50.43% in value, BUNI holds the No. 1 position in the Top Gainers chart on the ONUS app.
Solana’s Phantom wallet sees record growth with over 1.8M MAUs in 9 months
Phantom was undergoing beta testing in April 2021 and saw a 4,400% increase from 40,000 users in July to 1.8 million users in December.
In addition to expanding to over 10 million users, the company is working on finishing up its mobile applications for iOS and Android.
Dogecoin and Ether rank in top 10 news searches on Google in 2021
According to Google Trends’ “Year in Search 2021,” Dogecoin was the fourth-most popular news search term on Google in 2021, both globally and separately in the United States. News related to the query “Ethereum Price” was ranked 10th.
More than 33 million SHIB burned in the last 24 hours
In the past 24 hours, there have been a total of 33,436,259 SHIB tokens burned. So far, a total of 410,300,555,300,578 SHIB tokens (41.03006%) have been burned from the initial supply of 1 quadrillion.
Square Enix plans to invest more in blockchain gaming in 2022
One of the world’s best-known gaming companies intends to grow its footprint in the world of blockchain-based gaming.
Incorporating decentralized games into the portfolio in addition to centralized games will be a major strategic theme for Square Enix starting in 2022.
Shanghai includes metaverse in its development plan
According to a CNBC report, the development plan called for promoting the metaverse’s use in public services, business offices, social leisure, industrial manufacturing, production safety and electronic games.
The commission plans to encourage further study and development of underlying technologies, such as sensors, real-time interactions and blockchain technology.