Ryan Salame wurde wenige Tage vor der Insolvenzanmeldung der FTX zum bisher einzigen Whistleblower der Plattform.
Ethereum suppy: whales add 561,000 ETH in just two days
- Ethereum’s large investors holding at least 100 ETH and up to 1 million ETH increased their overall bags by 2.1% in November.
- Amid price fluctuations, sharks and whales scooped 561,000 ETH in two days between 5th and 6th December 2022.
- These large investors now hold approximately two-thirds of Ethereum supply.
Large Ethereum investors have been busy these past few days, snapping up more Ether (ETH) amid the latest price downturn for cryptocurrencies.
According to recent data on ETH supply distribution, large addresses holding at least 100 ETH (sharks) and those holding up to 1 million ETH (whales), have aggressively added to their overall holdings. The cumulative holdings for sharks and whales increased by more than 2.1% in the 30 days to 6 December 2022.
Analytics firm Santiment indeed highlighted that the overall Ethereum supply held by the addresses with 100 to 1 million ETH jumped by 561,000 in just two days – between 5th and 6th December.
The cohort has now returned its cumulative bag holdings to pre-merge levels, according to Santiment. Overall, large ETH addresses now hold over two-thirds of the coin’s total supply of 122,373,876 ETH.
Negative funding rates eases
A report by crypto exchange Bitfinex showed that the aggressive accumulation by the large investors came despite ETH prices continuing to fluctuate below $1,300. The increased shark and whale activity has also eased negative funding rates, as noted in the Bitfinex Alpha Report.
While funding rates on Ethereum perpetual contracts remain negative, the report highlights that these have improved significantly month-to-date.
Selling pressure on ETH is also very low compared to other crypto large caps, and there’s no significant liquidation levels at current price levels.
On-chain data suggests that Ethereum would have to plummet to $800 to trigger about $50 million in liquidations. Short sellers would have to push prices to around $650 to force $400 million in liquidations.
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Kommender FCA-Chef kritisiert Kryptobranche scharf
Der neue Chef der britischen FCA sieht große Risiken in der Kryptobranche und fordert schon jetzt eine strengere Regulierung.
Bitcoin mining difficulty falls 7.3%, largest since July 2021
- Bitcoin’s mining difficulty fell by 7.32% over the past two weeks, the largest negative adjustment in almost 18 months.
- Mining difficulty adjusts every 2,016 blocks or roughly two weeks and depends on average block time (10 minutes) and hashrate.
- Bitcoin’s next mining difficulty is expected to increase by 4.24%.
Bitcoin mining difficulty, a measure of how hard it is for miners to find and ‘mine’ a new block, fell by 7.32% last week.
The downward adjustment occurred at block height 766,080, the largest negative adjustment in the metric since July 2021. As of 15 December 2022, and according to data on BTC.com, the last biggest downward adjustment occurred at block height 689,472 in July 2021 when difficulty fell by 27.94% .
Incidentally, that negative adjustment is the largest in Bitcoin mining history and happened at a time when the crypto industry recorded a massive exodus of miners from China following the country’s crackdown on Bitcoin. Other huge downward adjustments occurred in May 2021, March and November 2020 and December 2018.
Next difficulty estimated to jump 4.24%
Mining difficulty is a metric that looks at the number of hashes or guesses a miner needs to make to arrive at the correct one and be able to mine BTC. It’s been increasing since Bitcoin’s inception and adjusts every two weeks, or after about 2,016 blocks – going up or down to keep the creation of new coins within the network’s average block time.
The current difficulty is 34.24 trillion and the next difficulty adjustment is expected to rise by 4.24% to an estimated 35.69 trillion.
How does mining difficulty work?
This is how difficulty works – it will adjust downwards if it takes less than 10 minutes to create a new block, or upwards if the average block time is above 10 minutes.
Also critical to difficulty adjustment is Bitcoin’s hashrate, which is the total computing power of all the miners on the network. Hashrate increases with an increase in the number of miners dedicating their computing power to processing transactions and secure the network.
The metric falls when miners decrease. In this case, the more miners join the network, the higher the difficulty adjusts and the more miners switch off their equipment, the lower the adjustment.
Bitcoin’s hashrate has increased slightly from 245.10 exahashes per second (EH/s) at the last difficulty adjustment, with on-chain data showing its currently at 257.04 EH/s.
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Frankreich zielt nach FTX-Skandal auf strengere Krypto-Regulierung ab
Im französischen Parlament wird die Aufhebung einer Lockerung verhandelt, die Krypto-Unternehmen schon bald zur Einholung von Lizenzen verpflichten würde.