Quick take: Tether’s market cap is now at $19 Billion It took 9 days for its market cap to gain from $18 Billion to $19 Billion Early 2020 found its market cap at $4 Billion and...
Quick take: According to crypto analyst MagicPoopCannon, Ethereum could be on a path to test $750 If $750 is broken, Ethereum could very well push higher to $830 His analysis is based on Ethereum moving within...
Quick take: Binance and Coinbase have announced their intention to launch ETH2.0 staking Staking on Coinbase will be launched in early 2021 ETH2.0 Staking on Binance will start tomorrow, December 2nd, with participants receiving BETH: a...
Quick take: Total value locked in DeFi has risen by 2,000% in 2020 January had a total value locked of $0.67B compared to the current level of $14.74B The total value locked will soon break $15...
Quick take: The number of Ethereum addresses holding one or more ETH has hit a new all-time high of 1,174,377 The increase is due to the progress of ETH2.0 and the potential of staking Ethereum The...
Quick take: The amount of Ethereum locked in DeFi has dropped by 2.23 Million ETH since mid-November The current amount of ETH locked in DeFi is 6.7M compared to 8.929M in mid-November The drop coincided with...
Quick take: The amount of Ethereum held by the top 10 ETH whales has dropped from 16.4% of the total supply to 4.5% in one month This is a case of redistribution as more ETH addresses...
Quick take: Ethereum’s correlation to Bitcoin had dropped to as low as 0.42 in late November Such levels were last seen in 2018 Ethereum’s correlation to Bitcoin has since increased to 0.75 This is an increment...
In summary: Grayscale Investments has accumulated 388,714 ETH in 30 days This is the equivalent of $215.7 Million using an Ethereum value of $555 Grayscale’s Ethereum trust now has $1.61 Billion in Ethereum holdings ETH2.0 staking...
Quick summary: Total Value Locked in DeFi recently breached $15B before dipping back to$14B levels The current total value locked stands at $14.66 Billion DeFi’s total value locked has a chance at breaching $20B before year’s...
Quick take: 10.7% of Ethereum 2.0 validator deposits are from Kraken Coinbase and Bitfinex hold 5.8x more Ethereum than Kraken 2 crypto exchange could control 1/3 of the validators, 5 exchanges could control 1/2 of the...
Quick take: The number of non-zero addresses on both the Ethereum and Bitcoin network is continually increasing Both have hit an all-time high of 50.651M for ETH and 32.925M for Bitcoin Such activity on both networks...