Yield curve control is the next saga in the global monetary policy experiment. What does it mean for the economy and what are the future consequences?
What can we learn from the 18th century in regards to governance and power when designing a future built on Bitcoin?
While as of late American cities have been in decline, their unique dynamics lend themselves to great potential for Bitcoin adoption.
For a while now, Ethereum whales have been moving their coins around. This has been a direct result of the bear market that has caused investors to lose a significant amount of their portfolios. Even now, the crypto market is still being ravaged by declining prices. The result of this has been investors seeking refuge in tokens that do not see a lot of volatility, and Ethereum whales have not been left out of this flight to safety. Stablecoins Gain Favor Over the last 24 hours, the trade activity of the top Ethereum whales has shown a big shift towards stablecoins. These whales, who have usually been known to trade across a number of digital assets regardless of their volatility, are taking less risk during this time. The USDT stablecoin has been the number 1 token by trade volume for these top Ethereum whales. The average volume transacted by the whales came out to $267,328, even higher than the volume for ETH, which was the second-highest by trading volume. USDC featured in third place on this list, with an average amount of $89,180 over this time. Related Reading: Bitcoin Sees Massive Decline In On-Chain Activity In the same vein, the stablecoins were at the top of the most purchased tokens over this time. USDT naturally led the list, while USDC was in second place. Interestedly, ETH did not take 3rd place as expected because Ethereum whales bought more SRM than ETH over this time period. ETH price settles above $1,300 | Source: ETHUSD on TradingView.com On the topic of sales, the whales continued the trend of moving toward stablecoins. ETH was the most sold token over the last 24 hours, most of which had gone to converting ETH holdings into the more stable USDT and USDC. Ethereum Whales Want Stability Over the course of 2022, Ethereum whales have moved towards more stable options. While ETH continues to top their holdings, the change in their token holdings shows that these whales are getting ready to weather another bear storm. The start of the year had seen tokens such as Shiba Inu and FTX Token topping the holdings of these large investors. However, the tide has shifted so much in this regard that the largest token holdings of these whales are now in stablecoins. Related Reading: Why Most Public Bitcoin Miners Have Performed Terribly In Their Lifetimes Presently, USDC is the largest token holder of the top 100 Ethereum whales at $653.3 million (26.09%). It is then followed by USDT with a cumulative holding value of $575.14 million (22.96%). Shiba Inu still features highly on this list but is a long way from being the largest token held by these large investors. Given that analysts continue to warn investors that the bottom of the crypto bear market is not in, it is no surprise that these investors are looking for safety. If the bottom happens to be lower than already recorded cycle lows, then there is more pain to come. Featured image from CryptoSlate, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
A Build2Earn multichain network for smart contracts, Astar Network, is pleased to announce that it has partnered with legendary artist Yoshitaka Amano, a renowned Japanese artist responsible for iconic artworks. According to the announcement, the partnership follows the platform’s plans to create and release an exclusive NFT collection on its blockchain. Meanwhile, it marks the […]
Rather than trying to convince people that they want bitcoin, investors are looking for products that use Bitcoin to meet people where they are.
There are clear advantages to be had by Palestine in adopting Bitcoin, but the path to do so is not so straightforward as has been claimed before.
The Bitcoin Policy Institute’s report on CBDCs makes a strong case for why the US should reject a centrally issued version of the dollar. Bitcoinist covered that already. This time, we’ll focus on the reasons why The Bitcoin Policy Institute thinks CBDCs don’t make sense and are not practical for capitalist societies. The main argument […]
One of the most prominent financial hubs in gulf countries, Dubai, has shown keen interest in web 3 and metaverse technology. The country’s moves also spurred innovative development and the establishment of regulatory frameworks in neighboring states like Saudia Arabia. But UAE remains ahead of the curve with its latest announcement revealed on Wednesday in […]
The crypto finance platform Bankless is detailing several digital assets and sectors that traders may want to keep an eye on for the next bull market. In a new update to subscribers, Bankless says even though the digital assets industry feels “rudderless” right now, the future is bright. The outlet says it’s closely watching the […]
The post Here Are Some Top Crypto Projects To Track for the Next Bull Market, According to Bankless appeared first on The Daily Hodl.
The U.S. Bitcoin Policy Institute has urged US regulators to reject the idea of CBDCs and stick to Bitcoin and other stablecoins.
Anarchy is a perfect match for a Bitcoin because people come together to decide what rules should exist, without having authoritarians involved.
“We want to provide liquidity for people that are kind of giving up because we’re still very bullish for the next 10 or 20 years,” said CEO Dan Morehead.
An early blockchain sandbox game project recently received its official launch. Despite being severely damaged, the current crypto market continues to garner a lot of attention. In reality, the so-called blockchain sandbox game is more like Lego Die Lego in that it allows players to create their own world by buying land and basic structures. […]