Over 1 billion SHIB burned in 7 days
According to Shibburn, 76,275,825 SHIB tokens have been burned and 16 transactions have been made in the last 24 hours.
The burning of SHIB is going at a steady rate, with over 1 billion SHIB burned in the last seven days. In total, 410,373,764,750,087 SHIB tokens have already been burnt from the initial supply of 1 quadrillion.
Congress, Wall Street await more SEC action amid crypto meltdown
With crypto platforms going bankrupt and investors unable to withdraw funds from some crypto outfits, Senator Elizabeth Warren (D-MA) is calling on the Securities & Exchange Commission (SEC) to act.
“Congress needs to act, but the SEC has a responsibility to use its authorities to put guardrails in place and crack down on crypto actors that break the rules,” Senator Warren told Yahoo Finance.
Warren targets crypto miners over “disturbing” energy consumption
Senator Elizabeth Warren and five other Democratic Congress members have sent a letter asking the Environmental Protection Agency and Department of Energy to impose energy and carbon emissions reporting requirements on crypto mining companies.
The lawmakers gathered data from the seven largest crypto mining companies in the U.S. and concluded that the miners had a “major impact on climate change.” As a result, they argued, “federal intervention is necessary.”
Central African Republic launches Sango Coin & approves BTC as reserve asset
The national assembly of the land-locked African country also passed news laws allowing BTC to be held as a reserve asset.
This is the latest step in CAR’s trailblazing journey of using cryptocurrency and blockchain to develop the country’s economy. Outside agencies, however, criticized CAR’s risky decision to accept Bitcoin.
Celsius Network reveals plans to compensate depositors despite massive $1.19 billion balance sheet deficit
In a United States Bankruptcy Court Southern District of New York filing, the platform says it has total assets of $4.3 billion and total liabilities amounting to $5.5 billion.
Celsius Network, which recently filed for bankruptcy, says one of the ways it could fill the $1.19 billion hole in its balance sheet is by selling minted Bitcoin (BTC) from its mining business. Celsius Network says that it could sell some of its assets or seek a strategic investor as part of the reorganization.
Top 5 Trending Assets
The two largest cryptocurrencies by market capitalization – BTC and ETH – are currently leading the Top Trending on ONUS after witnessing continuous growth. In the past 24 hours, Bitcoin has gained 3.05% to $21,920, while Ethereum has also increased by 8.07% to $1,517.
Following are NAO, FIRO, and GOOGL – assets that are constantly being discussed in ONUS communities.
Over 80% of the total USD invested in Bitcoin has been HODLed for at least 3-months
In a July 16 tweet, Glassnode noted that more than 80% of the total U.S. dollar (USD)-denominated wealth invested in Bitcoin has not been touched for at least three months.
This signifies that the “majority of BTC coin supply is dormant” and that hodlers are “increasingly unwilling to spend at lower prices,” said the firm.
Australian Central Bank governor backs privately issued digital currencies
Regulated Consumer-focused digital tokens issued by private firms likely could be better than central bank-issued digital tokens, the Australian central bank chief Philip Lowe said on July 17.
Lowe stated that if these tokens are going to be used widely by the community, they are going to need to be backed by the state or regulated just as we regulate bank deposits.
LDO price rallied 85% since Ethereum announced The Merge schedule
On July 15, Ethereum developers confirmed that their network’s much-awaited transition to proof-of-stake from proof-of-work, dubbed The Merge or Ethereum 2.0, would tentatively occur on September 19.
LDO surged nearly 25% on the day of the announcement due to its close ties to Ethereum. From the low of $0.862 on July 15 to July 18, LDO has delivered an 85% return for investors.
Over $160 million shorts liquidated as BTC pushes $22K, ETH above $1.4K
Over the past few days, the cryptocurrency market has gained a total of $150 billion to its capitalization, which now stands above $1 trillion. In the last 24 hours, Bitcoin has gained 3.86% to $22,279, and Ethereum grew by 8.07% to the price of $1,476 .
This led to over $250 million in total liquidations, more than $160 million of which were short positions.