The BTC hash rate has shown signs of sustained recovery following China’s crackdown while SegWit usage is at an all-time high. Today, we review select BTC blockchain metrics.
Smart contract assets in the Top 10 have added an aggregate USD 172 billion to their market caps over the past month while BTC dominance is at 42%, its lowest point since early June. We review key market stats.
Tether and Bitfinex have requested to block a Freedom of Information Law (FOIL) request from CoinDesk to have the New York Attorney General release “documents attesting to [USDt’s] reserve composition.”
Solana (SOL) reached an all-time high market cap of USD 36.2 billion this morning. The network’s approach to blockchain scaling is unique among peers, but is unproven in practice.
On Friday, Ethereum suffered a chain split due to a bug in the Geth (Go Ethereum) Client software seemingly being exploited by an unknown actor. ETH saw new intraday highs following the critical event.
NFT marketplace OpenSea recorded all-time high daily users, volume, and transactions on Tuesday. We highlight notable transactions that have taken place since the resurgence of NFTs this summer.
Last week, Coinbase announced it will expand operations into Japan and is partnering with Mitsubishi UFJ Financial Group for the effort. We look into the state of crypto in Japan and the competitive landscape.
CENTRE Consortium, formed by Coinbase and Circle to launch the USDC Stablecoin, announced that it will change the reserves composition for USDC. We contrast the change with current disclosures published by Tether for USDt reserves.
Crypto made up 50% of transaction-based revenue in Q2, up from just 17% in Q1, and the firm guided for lower revenue and net funded accounts for the period ending September 30, 2021.
