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There will never be more than 21 million bitcoins.

Such a System of self-regulation of mining complexity and #halving (reducing miners' remuneration)


Most Bitcoin investors are small players with less than 0.01 BTC or $377 at today's exchange rate. Such people are almost 75 percent of the crypto community.

Here's the corresponding distribution on the chart.


The previous week's result was an influx of $261 million in crypto products for large professional investors. This is the sixth "plus" indicator in a row.

As CoinShares analysts note, the total amount of investments over the past month and a half amounted to 767 million. Not bad.


The popular MetaMask wallet has learned to interact with the Solana network. This happens through the Solflare widget, and a few clicks are enough to transfer crypto assets between different blockchains. It is also important to note that there are no commissions for them yet.


On September 15, 2022, the Ethereum network switched to the Proof-of-Stake consensus algorithm. Since then, ETH has lost to Bitcoin both in terms of price changes and overall trading volumes, Kaiko analysts note.

Accordingly, at least in this time period, BTC was the best investment compared to ETH.


In 2021, total trading volumes for altcoins (light blue) have more than doubled that of Ethereum (dark blue). However, in 2022 and 2023, the results of the two listed categories of crypto assets turn out to be almost the same, which indicates an equalization of demand.

Well, this is primarily facilitated by the current bearish trend in the crypto industry.


Top 15 blockchain #Dapps by user growth in the last 30 days


Last week, $125 million was invested in cryptocurrency products for large professional investors. This is the second positive result in a row.

The total influx of funds in the last two weeks was 334 million. Since there had been an outflow of money for a full nine weeks before that, the news is good anyway.


Remember the recent SEC lawsuit against Binance? One of the main claims in it was that the U.S. division of the platform allegedly mixed user funds with its own.

However, at a fresh meeting, SEC representatives confirmed that they had no confirmation of the withdrawal of funds to offshore locations outside the United States. And so, in essence, there was also no sending of money to companies led by Changpen Zhao "for their further enrichment." The relevant quote is highlighted in red.

With that said, Binance-US lawyers have filed a motion and said that the Commission has no evidence of its previous accusations. And this is clearly good news for the exchange.


SEC sues Binance 🤯

For violating U.S. securities regulations.

BNB is momentarily down 5% 🌚


During the recent peak in the popularity of NFT and BRC20 tokens on the Bitcoin network, cryptocurrency miners received the equivalent of $17.8 million in transaction fees. This is the third record result in BTC history. The other two records were in 2018, with a high of 20.7 million.

Miners now get about $1.7 million in commissions per day. The difference is significant.


Yesterday bitcoins equivalent to almost $400 million were withdrawn from centralized cryptocurrency exchanges. 300 million of this amount came from one major investor or so-called whale on the Huobi platform.

Overall, this is the second largest withdrawal of coins from trading platforms in the last year.


The Bitcoin Frogs NFT-collection based on the Ordinals protocol in the Bitcoin network took the first place among all collections by trading volumes during the day.

Strange times we live in, of course 😅


Here are the changes in key Bitcoin and Etherium metrics for the week from IntoTheBlock analysts. As you can see, the level of paid commissions in the BTC network increased more, with an increase of 223 percent versus 51 percent in Eth.

At the same time, coin flows to exchanges increased for both cryptocurrencies.


Today, the average number of bitcoins in the possession of so-called whales is 5,350 coins. We are talking about addresses with at least a thousand BTC.

At the same time, analysts note that the total number of coins at the disposal of this category of investors (blue) is gradually decreasing. Now they own 46 percent of all bitcoins in circulation.


This week, Bloomberg journalists published a new list of the wealthiest people in finance. It includes the head of the cryptocurrency exchange Binance, Changpen Zhao. His fortune was estimated at $28.2 billion, and he found himself on the third line.

Now Zhao reacted to what was going on - and not in a good way. Here's his quote.

"All the numbers are wrong. I don't even have anywhere near that amount. I don't know why they're doing this 🤷‍♂️

Also, I never saw FTX as a competitor. We are only happy to see more (well-managed) exchanges in the industry."


The situation on cryptocurrency exchanges confirms that Stablecoin holders are actively using them to buy Bitcoin. Here's a relevant chart from analysts at Glassnode that illustrates what's happening in the cryptocurrency market.


Bitcoin and Etherium account for 88 percent of all crypto traders' trading volumes this year, if you exclude stabelcoins. In this case, we are talking about spot trading, i.e. transactions with coins at their current price without borrowed capital.

So, crypto lovers mostly choose the largest assets by market capitalization.


Daily trading volumes on cryptocurrency exchanges set a new record for 2023. The current maximum is $45 billion.

Obviously, the growth of the market on the eve attracted many traders and investors. And that's a good thing.


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