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