Glassnode: The Week On-Chain (Week 51, 2020) — link

#bitcoin 200WMA increasing faster and faster

Accumulation Balance

The amount of bitcoins held in accumulation addresses is 2.7M BTC.

Those are addresses that have only received bitcoins, and never spent funds.

True HODLers, hoarding 14.5 % of the circulating supply. — link

Bitcoins added to the Grayscale Bitcoin Trust in the past 6 months: ~210,000 BTC

Bitcoins mined in the past 6 months: ~185.000 BTC

That's right, Grayscale has been buying up more bitcoins than the amount issued.

Talk about a supply crisis! — link

Exchange Balances

Liquidity is vanishing from exchanges.

We're seeing the longest depletion of exchange funds.

Since January, the BTC supply on exchanges dropped a staggering 20%.

#BTC is being pulled to long-term storage, custodian wallets, etc. — link

Liquid #Bitcoin Supply

14.4M BTC is held by illiquid entities – that is 78% (!) of the current supply.

Illiquid entities spend less than 25% of the BTC they receive, acting as supply sinks in the network.

Yes, only 12% of the BTC supply is liquid, according to this metric. — link

Scaramucci’s SkyBridge files with SEC to launch Bitcoin fund — link

BREAKING: Ripple says it will be sued by SEC: Report — link

Indian crypto exchange CoinDCX raises $13.9 million in Series B funding — link

The U.S. Government Is Targeting Cryptocurrency to Expand the Reach of Its Financial Surveillance — link

The amount of large addresses holding $LINK has grown, with no capitulation signs despite this altcoin dip.

Not pictured are 10M+ holders, which increased from 9 to 10 yesterday. $LINK marines appear to be holding true to their patient reputation. — link

Overview of Polkadot Ecosytem

As news broke about #Ripple expecting to be sued by the SEC, social volume for $XRP understandably exploded for #crypto's #3 market cap asset.

There has also been an increase in tokens being moved to exchanges, as prices have dropped -17% the past day. — link

FTX lists Coinbase pre-IPO futures contracts — link

Either at some point today or tomorrow, the total stablecoin on-chain volume will surpass $1 trillion for the year. Absolutely insane growth this year. About 73% of that volume is coming from Tether, 15% from USDC, 7% from Dai. — link

SEC charges Ripple and two executives with conducting $1.3 billion unregistered securities offering — link

A quarterly look at the $1.3 billion of garbage Ripple dumped on the market over the past 3 years.

In 2020, China hit a record high for new blockchain companies. Over 26,000 Chinese blockchain firms have already been started this year — more than in all of 2019.

To give you a sense of who stands to lose business if XRP is delisted from major exchanges, XRP is:

+ 18% of Bitstamp volumes
+ 8% of Coinbase volumes
+ 5.5% of Kraken volumes
+ Only 4% of Binance volumes

That's just the major Western venues, of course.

*YTD — link

Annotated Guide to Reading the SEC v. Ripple Complaint — link