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André Dragosch, head of European research at Bitwise, said in a post: "The illiquid supply of bitcoin has reached an all-time high, while exchange balances have reached a multi-year low. Nearly 75% of the supply is considered illiquid, with less than 14% remaining on exchanges. This means that supply scarcity in Bitcoin continues to increase. "
The number of so-called whales or cyber entities with at least 1,000 BTC jumped to 1,678 at the start of the week, the highest level since January 2021, according to data tracked by Glassnode and André Dragosch, head of European research and head of Bitwise. The increasing holdings of large holders of bitcoin, coupled with the strong growth of alternative instruments (especially US-listed spot ETFs), indicate growing confidence in the bitcoin price outlook.
André Dragosch, head of European research at Bitwise, posted on social media that according to Glassnode data, the total number of bitcoin whale addresses has just reached its highest level since January 2021, with 1,678 addresses currently automatically labeled as whales (holding more than 1,000 BTC).
André Dragosch, head of European research at Bitwise, said: "If the Federal Reserve cuts rates by 50 basis points, the crypto market reaction could be positive, as this particular leading indicator already indicates that underlying economic momentum even picked up in September, and I think the market will be driven more by expectations of rate cuts than by the rate cuts themselves in the coming months. Expectations of further rate cuts are likely to intensify due to the weakness of the US econo...
André Dragosch, head of European research at Bitwise, posted on social media that corporate purchases alone have absorbed almost all the newly mined bitcoin supply. Currently, the newly mined bitcoin supply is about 164,000 BTC per year. What's more, this does not include the purchase demand of other key buyers, such as ETFs, governments, trading platforms, and DeFi. The supply shortage of BTC is more serious than most people realize.
The decentralized finance project Mpeppe (also known as MPEPPE or MPEPE) has been accused of orchestrating a false pre-sale in which several investors allegedly paid fees but did not receive tokens. The project claims that the funds will be used to build the casino, collect non-fungible tokens (NFTs) for player cards, and the decentralized finance (DeFi) protocol associated with the token. Blockchain data shows that the entire supply of the token is held by its deployer account, and no tokens ar...
OpenAI says it has a partnership with Conde ́ Nast.
On August 13, José Maria Macedo, a partner at Delphi Ventures, wrote on the X platform that Ethena Labs' imitation project will face great challenges. Macedo pointed out that the unpledged USDe actually doubles the basis income of sUSDe, making it difficult for competitors to match. Currently about 50% of USDe is pledged, and sUSDe pledgers receive twice the income of manual basis transactions. To be competitive, new entrants must earn more than twice the basis return plus the ENA implied retur...
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