Market
Analysis
Less than 1% Bitcoin addresses control 27% of its total supply
New research has further demonstrated that Bitcoin is highly concentrated, with less than 1% controlling 27% of its circulating supply.
Stablecoins
The biggest decentralized stablecoin in the market is now Terra USD (UST)
The market cap of Terra USD has grown from roughly $200 million to $9 billion within 12 months.
Investments
VCs invest $30 billion into crypto industry
Crypto investments from VCs have topped $30 billion within the last 12 months.
Mining
Despite ban, China’s Bitcoin miners keep operating
Available report now shows that Bitcoin miners are still operating in China despite the crackdown.
Adoption
Former electronics store, RadioShack, pivots fully into DeFi
A renowned American electronics store, RadioShack, has confirmed that it is switching its business model to focus fully on decentralized finance.
Banking
India’s top bank calls for complete crypto ban
The future of cryptocurrency in India continues to be debated as the Reserve Bank of India (RBI) has insisted that the country needs to ban crypto to protect its economy.
Regulation
Here is why Binance is leaving Singapore
Binance inability to comply with Singapore’s anti-money laundering regulations forced it out of the country.
Exchanges
Kraken to join list of exchanges launching a NFT marketplace
Kraken’s CEO has hinted that the exchange could also be launching its own NFT marketplace soon.
NFTs
Sotheby rakes $100 million profit from NFT auctions
Sotheby made $100 million from auctioning NFTs and its buyers were mostly under 40.
DeFi
Senator Warren calls DeFi the most dangerous space in crypto
Senator Warren in a recent hearing has said that curtailing the growth of stablecoins could help to halt DeFi
Trading
If you are hodling Cardano, SUSHI or UNI, you are most likely in loss
Holders of Cardano, Sushiswap and Uniswap top the list of losers as the assets have lost over 50% of their ATHs.
Adoption
Chinese citizens are showing more interest in Web 3.0
Despite the Chinese government’s best effort to curtail interest in the crypto industry, new data has shown that interest of its citizens in the space continue to spike.