Bitcoin’s illiquid supply—the portion of coins held by entities with little history of spending—has climbed to a new record high, surpassing 14.3 …
Supply
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SyrupUSDC – a yield-bearing stablecoin issued by asset manager Maple Finance, which oversees more than $3.5 billion – surpassed $1 billion in …
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Scams
BitMine Boosts Ethereum Stash Above $8 Billion, Now Holds 1.5% of ETH Supply
by shayaanby shayaanIn brief BitMine Immersion Technologies recently purchased 153,000 Ethereum. It now owns roughly 1.5% of the asset’s supply, with its stash valued …
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Adoption
China quietly prepares yuan stablecoins as 99% of supply minted in dollars
by shayaanby shayaanChina is evaluating yuan-backed stablecoins for the first time, with the State Council set to review a roadmap on currency internationalization and …
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In short The unlock of $ 4 billion comes from Ethereum because validators will leave in September. Investors remain flat while waiting …
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Adoption
Bitcoin ETFs to lock up 1.5 million BTC by New Year as supply squeeze tightens grip
by shayaanby shayaanBitcoin spot exchange-traded funds are on pace to hold more than 1.5 million BTC by year-end if current inflow rates persist, according …
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Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & …
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Web3
OKB price explodes over 170% after OKX wipes 65 million tokens from supply
by shayaanby shayaanOKX has executed a broad upgrade to its X Layer network and overhauled the economic model of its OKB token, implementing changes …
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OKB, the token of cryptocurrency exchange OKX, more than tripled to a record high after the company executed a one-time burn of …
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A senior researcher at Glassnode has challenged the idea that the Bitcoin price is correlated to US money supply or other major …