Public Bitcoin Miners Are Selling Off BTC Reserves as Crypto Winter Sets In

If public Bitcoin miners sell large portions of their supply, "it could contribute to pushing the Bitcoin price further down," says crypto data firm Arcane Research.

SHIB adds $1.4b to its market cap but can it reclaim its near-term supply zone

Shiba Inu community was in celebratory mode on 21 June after the dog-themed memecoin pumped back above the $0.00000965 price level.

USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B

At least on the Ethereum network, USDC real volume has nearly doubled that of USDT in the past 24 hours which could be another sign that the top stablecoin's dominance is coming to an end. USD Coin is taking a run at the title of the top stablecoin in crypto after its daily ‘real volume’ on the Ethereum network doubled that of Tether’s USDT on Tuesday. According to crypto market data tool Messari, Circle’s USDC posted $1.1 billion in daily real volume on the Ethereum network on June 21, which was double USDT’s real volume of $579 million.Messari’s real volume metric is calculated by compiling data only from exchanges that it believes have “significant and legitimate crypto trading volumes" and thus differs to the more-commonly seen "total volume" metric.

Stellar Lumens [XLM] approaches supply zone as longer-term bias look...

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Since November 2021, Stellar Lumens has registered a series ofThe post Stellar Lumens [XLM] approaches supply zone as longer-term bias look...

Bitcoin “Diamond Hands” Start To Break As 1yr+ Supply Ramps Up Selling

Data shows the Bitcoin supply older than 1 year has shown accelerating movement recently, suggesting even the crypto’s stronger hands are feeling the fear in the market.

Iranian government to cut power supply for the country's legal crypto mining rigs

For years, the country has heavily subsidized its electricity production leading to extremely low prices.

Bitcoin Supply In Loss Reaches 50% As BTC Drops Below $20k

On-chain data shows the percentage of the Bitcoin supply in loss has surged to almost 50% now as the crypto’s price tumbles below $20k.

MakerDAO Votes to Disable Aave DAI Supply, Reducing Celsius Exposure

In an effort to reduce exposure to Celsius, MakerDAO has disabled DAI loans using stETH as collateral through the Direct Deposit Module.

Maker cuts off Aave's DAI supply as fallout from Celsius continues

The MakerDAO decided to cut off Aave from its direct deposit module as a safeguard in light of the possibility that Celsius folds and crashes the price of stETH. MakerDAO has voted to cut off lending platform Aave’s ability to generate DAI for its lending pool without collateral as the risks of Celsius’s liquidity crisis loom large over the entire crypto ecosystem.The decentralized autonomous organization (DAO) made the decision as a means of mitigating the Maker protocol’s exposure to the beleaguered staking and lending platform in case Celsius goes belly up and implodes the stETH peg as well.stETH is a token representing an amount of ETH that is staked on the Lido staking platform.

Further downside is expected, but multiple data points suggest Bitcoin is undervalued

Traders are taking a hands-off approach to BTC, but a number of price metrics suggest Bitcoin is undervalued even though further downside is expected. The outlook across the cryptocurrency ecosystem continue to dim as the sharp downtrend that was initially sparked by the collapse of Terra now appears to have claimed the Singapore-based crypto venture capital firm Three Arrows Capital (3AC) as its next victim. As large crypto projects and investment firms begin to collapse on a weekly basis, the prospect of a long, drawn out bear market is a reality investors are beginning to accept. Based on a recent Twitter poll conducted by market analyst and pseudonymous Twitter user Plan C,  41.6% of respondents indicated that they thought the Bitcoin (BTC) bottom will fall between the $17,000 to $20,000 range.Total Bitcoin supply in profit held by short-term holders.

US Air Force taps SIMBA Chain to develop budgeting and accounting system

They said the purpose of DiBaT is to convert all dollars in the USAF supply chain budget into tokens and monitor fund movement across billing centers, purchasing centers and suppliers. For many years, the United States Military has been experimenting with blockchain in a number of settings to enhance its operations.

These 3 metrics suggest the Bitcoin price crash is not over

$20,000 feels scary, but it may not be the end of the story for Bitcoin's latest bear cycle. Bitcoin (BTC) near $20,000 is worrying the market, but after narrowly avoiding breaking support, is the worst really over?According to multiple on-chain indicators, it seems that max pain has yet to arrive this cycle.The stakes are high for many hodlers this week — almost 50% of the supply is being held at a loss and miners are upping their shipments of BTC to exchanges.Even some of Bitcoin's biggest investors, notably MicroStrategy, are having to defend their conviction on BTC as price action tumbles.With targets ranging as low as $11,000, Cointelegraph takes a look at how much further the market technically needs to drop to match historical bottom zones.Weak hodlers still to be flushed outDespite the drop to eighteen-month lows, Bitcoin price action has not yet shaken out all its speculators.

Total supply of stablecoins dropped sharply for first time ever in Q2

A separate graph also saw USDC and BUSD supply drop sharply in May, however both have since rebounded and are close to being back to their respective all-time high levels.

FTX Token: Can FTT's recent 15% rally trigger a breakout over this supply zone

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. FTX Token has lost 28% since the start ofThe post FTX Token: Can FTT's recent 15% rally trigger a breakout over this supply zone appeared first on AMBCrypto.

Supply chain thwacking: VeChain's $100M sponsorship deal with UFC

The multi-year deal will see VeChain’s brand incorporated across multiple UFC marketing assets and reach an estimated 900 million households who watch the events worldwide. Blockchain logistics firm the VeChain Foundation has signed a multi-year marketing partnership with the Ultimate Fighting Championship (UFC) worth nearly $100 million, becoming the UFC’s first-ever Layer 1 blockchain partner.The UFC is the largest promoter and event organizer for Mixed Martial Arts (MMA) and VeChain’s marketing assets and brand will be integrated across the UFC in live events, in-arena promotion, social media and other areas.The deal is reportedly worth almost $100 million over a minimum five-year partnership according to an anonymous source quoted by Sports Business Journal.

Will Ethereum Merge Trigger a Shift from Selling to Buying Pressure?

DeFi educator Korpi believes the merge of Ethereum will be a game-changer because structural supply will shift to structural buying.

Glassnode: Bitcoin Long-Term Holders Own 90% Of Supply In Profit

Latest data from Glassnode shows Bitcoin long-term holders currently own around 90% of the total supply in profit.

Kingspeed Celebrates Its Brand New NFT ‘The Flash’ on Its Marketplace With 10% Discount Until June 30, 2022

June 7, 2022 – Hanoi, Vietnam Kingspeed’s second NFT ‘The Flash’ has officially gone on sale with a total supply of 2,000 boxes available.

Terra Community Votes Unanimously to Destroy 1.3B UST Tokens

With more than 99.9% of votes approving the proposal, the supply of Terra’s stablecoin UST will drop by roughly 11%.