Bitcoin Price Rises, but Private Investor Activity Remains Weak
- During the 2017 and 2021 virtual currency bull markets, Coinbase was #1 in app downloads, now #438
- Short-term holders have about 2.5 million BTC of bitcoin, which is the level of the bear market
Ethereum Foundation Sells 100 ETH Today
- As of 2024, the Ethereum Foundation has sold approximately 3,766 ETH, earning approximately 10.46 million DAI, with an average sale price of $2,777 per ETH
- In September alone, the Ethereum Foundation sold 1,250 ETH, earning approximately $3.06 million
BlackRock Buys More Than $40 Billion in Bitcoin in Last Two Days
- BlackRock (IBIT) has added 4,460 BTC ($289 million or roughly $40 billion) to its holdings over the past two days due to increased demand for bitcoin ETFs, and now reports total holdings of 362,192.679 BTC ($22.9 billion)
PayPal Enables U.S. Corporate Accounts to Buy, Hold, and Sell Virtual Currency
Sony Group Announces Soneium Chain
Sony Block Solutions Labs, a joint venture between Sony Group and Startale, announced the next generation Ethereum L2 blockchain, Soneium, on March 22.
Tron Blockchain Issues Additional USDT worth 140 Billion, Revisited for Meme Coin Transactions?
- DeFi platform Sun[...]. io's governor's token, the SUN token, has increased in value by about 75% in the past week
- Tron's Network Fee Revenue Exceeded Ethereum in the Last 90 Days on the 16th of this Month
75% of bitcoin has not moved in over 6 months, a sign of a strong HODL trend.
- This reflects investors' strong belief in the long-term value of bitcoin despite market volatility, indicating an increasing percentage of long-term investors anticipate future price increases
www.zerohedge.com/crypto/75-bitcoin-hasnt-moved-over-6-months-signaling-strong-hodling-trend
Goldman Sachs, Morgan Stanley, and Other Institutional Investors Accelerate Bitcoin ETF Ownership
- ETF Store Nate: "It is clear that institutional investor adoption of bitcoin ETFs is accelerating"
- Wisconsin Pension Fund, which invested in the Bitcoin ETF in 1Q, purchased an additional 447,000 units of $IBIT in 2Q