Highlights of the week
1. SEC approves 11 $BTC Spot ETFs
2. $ARB dominates Ethereum layer 2 TVL
3. Honduras special zone officially recognizes $BTC as a unit of account
4. $XRP repurchases $285 million in stock with a company valuation of $11 billion
5. BitPay allows customers to pay for goods and bills with $BNB, $LINK and others
6. Fox Corp launches $MATIC based blockchain platform to address AI firms’ use of content
84% of BTC holders are profitable
According to data gathered by analytics firm IntoTheBlock, 84% of BTC holders are profitable on their investments.
In addition, 5% of investors are breaking even and 11% are losing money from holding this coin.
Hong Kong’s first tokenized fund launched by Harvest International
Asset management company Harvest International has announced the launch of Hong Kong’s first tokenized fund.
The fund is only available to professional investors and invests in high-rated US bonds.
Whales withdraw $70 million worth of ETH from Binance and OKX
A mysterious entity identified by the multisig wallet address 0x8b5 withdrew a staggering 25,000 ETH (equivalent to $66.83 million) from Binance.
In another significant move, a new wallet withdrew a total of 3,370 ETH ($9.06 million) from CEX via three transactions.
Web3 apps saw 124% growth in 2023
The number of unique active wallets (UAW) that engaged with Web3 apps increased by 124% in 2023, according to a report from DappRadar.
Near, Klaytn and Arbitrum had the highest growth rates out of all blockchain networks. Near posted a 1,902% increase, Klaytn 1,099% and Arbitrum 624%.
Polygon zkEVM enters next stage of development
Polygon zkEVM has officially entered phase 2, with the goal of increasing the number of dApps on the ecosystem and on-chain activities.
According to Polygon, this last stage, scheduled for March will improve a major impact to dispose of throughput restrictions.
Whale accumulated 1,358 BTC
According to Whale Alert, in the last 12 hours, 1,358 BTC was transferred from Coinbase to an unknown wallet. This amount of BTC is worth $58,200,079.
Spot Bitcoin ETF trading volume nearly $7.7 billion in first two days
The second day of Spot Bitcoin ETF trading amassed $3.1 billion, adding to Thursday’s $4.6 billion, totaling nearly $7.7 billion.
Grayscale’s converted GBTC fund led Friday’s trading with $1.8 billion, while BlackRock and Fidelity also saw significant volumes.
SHIBA INU burn rate increases 400%
Over the past 24 hours, the burn rate spiked by approximately 400%, with more than 16.5 million tokens removed from circulation.
Since January 1, over 9 billion assets have been destroyed, representing over 10% of the total amount burned throughout 2023.