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  • Bitcoin whales now control 45.6% of BTC supply & continue to aggressively accumulate

    Bitcoin whales now control 45.6% of BTC supply & continue to aggressively accumulate

    According to data from crypto analytics agency Glassnode, Bitcoin whales—those who hold more than 1,000 BTC—are not changing their ways at the time of the current crypto market capitulation and traditionally accumulate large amounts in their wallets.

    These subjects act aggressively and buy 140,000 BTC on average every month directly from exchanges. Such dynamics led to a concentration of 45.6% of the total Bitcoin supply in whales’ wallets, which equals 8.69 million BTC.

  • El Salvador purchases 80 additional Bitcoin at $19,000

    El Salvador purchases 80 additional Bitcoin at $19,000

    El Salvador purchased 80 more Bitcoin (BTC) at $19,000 each, President Nayib Bukele said on Thursday.

    Bukele showed the screenshots of 40 purchases made on Thursday that totaled $1.52 million on Twitter.

  • FTX US gains ‘option to acquire’ BlockFi for up to $240 million

    FTX US gains ‘option to acquire’ BlockFi for up to $240 million

    BlockFi and FTX US have reached a deal that will provide the embattled crypto company with a $400 million credit facility.

    The deal also gives FTX US, a unit of Sam Bankman-Fried’s FTX crypto exchange, the right to acquire BlockFi. The parties agreed to the “definitive agreement” one day prior, however, it is still subject to shareholder approval. The deal has a total value of up to $680 million.

  • Axie Infinity launches Land staking feature

    Axie Infinity launches Land staking feature

    On July 1, Axie Infinity announced launching the NFT Land staking feature that allows players to receive AXS tokens as rewards.

    Sky Mavis’s new land staking function will enable holders to lock away their land. This makes land more scarce, as it can’t be sold, which in turn maintains its value and keeps holders happy.

  • 357 million SHIB sent to dead wallet in 24 hours

    357 million SHIB sent to dead wallet in 24 hours

    According to the Shibburn website, the SHIB burn rate was demonstrating an increase of 230% while 357 million SHIB have been burned in the last 24 hours.

    A staggering 4,553,606,683 SHIB were sent to dead wallets in June due to the SHIBA INU community’s enthusiasm for burning tokens, as seen in the 400 transactions being made.

  • ETH 2.0 deposits reaching ATH

    ETH 2.0 deposits reaching ATH

    As we edge closer to the Merge, investors are increasing and are continuing to deposit their holdings in the staking contracts.

    According to reports from Glassnode, the total value in the ETH 2.0 deposits reached an all-time high of 12,976,933 ETH, equivalent to $13,807,456,712.

  • Polkadot’s founder announces steps toward full decentralization with new governance model

    Polkadot’s founder announces steps toward full decentralization with new governance model

    Live from Polkadot Decoded in Buenos Aires on Wednesday, Polkadot (DOT) and Kusama founder Gavin Wood announced that the blockchain’s governance model would undergo a new transformation.

    Dubbed Gov2, anyone would be able to start a referendum at any time for as many times as they wish in the new setup, similar to initiating new transactions on the blockchain.

  • STEPN’s DEX surpasses Orca to become largest decentralized exchange on Solana

    STEPN’s DEX surpasses Orca to become largest decentralized exchange on Solana

    In mid-June, STEPN launched DOOAR, allowing users to provide liquidity in its native tokens – GST/USDC or GMT/USDC pairs. After only half a month, DOOAR has recorded many impressive achievements.

    With about 77,000 daily active users according to data from Dune, STEPN’s DEX DOOAR has surpassed Solana-based DEX Orca, which as recently as Sunday topped STEPN by roughly 6,000 users.

  • Facebook begins testing Ethereum and Polygon NFTs on profiles

    Facebook begins testing Ethereum and Polygon NFTs on profiles

    Facebook begins testing Ethereum and Polygon NFTs on profiles

    Meta, formerly known as Facebook, has begun rolling out NFTs for some U.S. creators on its flagship social network.

    Users will have a “digital collectibles” tab on their Facebook profiles. If deployed widely, users will be able to connect their cryptocurrency wallets to their Facebook profiles. They’ll also be able to turn their NFTs into Facebook posts, which can be reacted to, liked, commented on, and shared just like any other post.

  • Samsung to begin production of 3nm chips which could be used for mining Bitcoin

    Samsung to begin production of 3nm chips which could be used for mining Bitcoin

    Samsung is reportedly trialing the production of 3nm foundry processing for chips enabling Bitcoin miners to operate faster and with less power consumption.

    Samsung’s new chip would allow up to 30% reduced power consumption, up to 15% speed increases, while also allowing 33% more transistor density – which makes the hardware more powerful.