๐ #ETH just saw its largest spike in active addresses in three months, reaching a total of 617,170 active Ethereum addresses
๐ฑ #BTC Ali Martinez: Short-term holders are starting to feel the pressure as Bitcoin continues to trade below their realized price of $66,200
โ๐ #BTC miners have sold over 30K BTC (~$2B) since June, the fastest pace in over a year. The recent halving has tightened margins, prompting this sell-off.
๐ดโโ ๐ CoinStats warned users that wallets created on the platform may be vulnerable following a security incident in which a message was sent to users' mobile devices in which a hacker attempted to trick users into installing a program on iOS, likely giving the attackers access to the affected devices. theblock
๐ HODL15Capital: ten largest companies owning #BTC:
BlackRock (IBIT): 305,614 BTC
Grayscale (GBTC): 277,067 BTC
MicroStrategy (MSTR): 226,331 BTC
BlackRock (IBIT): 305,614 BTC
Grayscale (GBTC): 277,067 BTC
MicroStrategy (MSTR): 226,331 BTC
๐โโ #EIGEN EigenLayer implemented additional security feature for its EigenDA data availability service on the Ethereum network to prevent Sybil and DDoS attacks
๐บ๐ธ๐น Federal Accounting Standards Advisory Board (FASAB) clarified, what seized crypto assets should be considered โnon-monetary propertyโ, while central bank digital currencies (#CBDC) should be considered as monetary instruments: โCryptocurrencies generally do not have all the characteristics of money and they are ineffective as a medium of account, a medium of exchange, or a store of value.โ
๐ฎ #ETH #ETF Andrew Kang: I expect that in the first few weeks after launch flows in ETH-ETF will be lower than in BTC-ETF for two reasons:
- The approval came as a surprise and issuers have much less time to convince large holders to convert their ETH into ETFs;
- Conversion is less attractive to holders as they would have to give up returns from staking, farming, or using ETH as collateral in DeFi
Before the Ethereum ETF launches, I expect ETH to trade between $3,000 and $3,800, and after the ETF launches, I expect to trade between $2,400 and $3,000.
- The approval came as a surprise and issuers have much less time to convince large holders to convert their ETH into ETFs;
- Conversion is less attractive to holders as they would have to give up returns from staking, farming, or using ETH as collateral in DeFi
Before the Ethereum ETF launches, I expect ETH to trade between $3,000 and $3,800, and after the ETF launches, I expect to trade between $2,400 and $3,000.
๐ #BTC Analyst C.Q.: The SOPR (Spent Output Profit Ratio) for short-term holders (90-day simple moving average) falling below 1.0 could signal the end of a correction and the beginning of a new bullish trend.
More time is needed for this to occur
More time is needed for this to occur