Chainlink Reserves on Crypto Exchanges Drop to 14.6% of Total Supply

Summary: Chainlink reserves on crypto exchanges have dropped to 14.6% of the total supply Chainlink’s network has continued to grow for a third straight month $29 continues to act as a strong support for Chainlink However, an unstable Bitcoin might throw cold water on the fact that Grayscale opened a LINK trust Chainlink reserves on crypto exchanges have been in a state of constant decline since September 2020 when they were at 34% of the total supply of LINK. According to data from the team at Santiment, the Chainlink reserves…

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BTC Analyst: Fair Chance We Never See Bitcoin’s Market Cap Below $1T

In brief: Willy Woo has pointed out that only 7.3% of Bitcoin’s supply has moved since BTC hit a $1 Trillion market cap Chances are, that the $1 Trillion market cap is supported by investors henceforth Bitcoin maintains a $1T market cap at $53,590 $55k is the level to watching during the weekly close Deribit Bitcoin options worth $5.7B expire next Friday and could provide additional selling pressure Veteran Bitcoin analyst Willy Woo has forecasted that BTC’s market cap might never drop below $1 Trillion again. Mr. Woo cites that…

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ETNA Now Facilitates Trade, Lend, and Borrow Powered by BSC

CLEVELAND, OH / March 20, 2021 / ETNA brings a new way of facilitating a gaming ecosystem leveraging the NFT assets and conventional games onto the blockchain platform. As a DeFi project amalgamating the functions of yield farming and NFTs, Etna now ventures into Lending and borrowing via cryptocurrency networks. ETNA Lending and Borrowing Functions The trading platform that also includes lending and borrowing sequences is named ETNA. This dedicated platform runs on the tenets of the Binance Smart Chain and aims to support the adoption of the DeFi technologies. ETNA’s adoption…

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Scaramucci’s Skybridge Capital Registers With SEC to Launch a Bitcoin ETF

Anthony Scaramucci’s Skybridge Capital has filed an S-1 registration form with the Securities and Exchange Commission (SEC) for a bitcoin exchange-traded fund (ETF). The prospectus for the “First Trust Skybridge Bitcoin ETF Trust” notes that the ETF aims to list common shares on NYSE Arca. Skybridge Capital Files to List a Bitcoin ETF Skybridge Capital and its founder Anthony Scaramucci have been all about bitcoin (BTC) these days and even more so after the company’s successful launch of the Skybridge Capital Bitcoin Fund. At the end of February, Scaramucci said…

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Long-term investors continue to hodl despite $1T Bitcoin market cap

Only 36% of Bitcoin’s supply has moved in the last 6 months, down from 50% during last bull season Bitcoin’s liquid supply continues to shrink, with only 36% of circulating BTC being moved on-chain in the past six months. According to data shared by on-chain crypto data aggregator Glassnode on March 21, the peak of the 2017 bull market saw 50% of Bitcoin’s supply circulating within the preceeding six months. In bull markets old coins tend to move more. This increases the relative supply of younger coins in the network.…

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