According to Unfolded data, Bitcoin’s crypto whales have risen since early 2021. In fact, there are 165 new whales so far this year.
Time to panic?
Today the leading crypto sank to roughly $ 33,400 as investors continue to claim the gains from the price rally.
Nonetheless, the Bitcoin whales have done nothing but increase. In particular, they have increased the number of addresses containing more than 1,000 BTC, according to Unfolded.
Also, according to Glassnode, there are currently almost 2,440 Bitcoin wallets with more than 1,000 BTC. Even so, it is important to remember that a person can have more than one wallet and, therefore, it is impossible to tell if they are different users.
In addition, another important aspect that Glassnode data reveals is that crypto users did not become Bitcoin whales because of the price rally, but, on the contrary, they have been acquiring more and more crypto.
The leading crypto in the hands of China
According to Decrypt, Messari published a report called “Asia’s Crypto Landscape” in which he revealed that China maintains its dominant position in the Bitcoin crypto market.
In this way, despite the regulatory crackdown on crypto, China controls 65% of Bitcoin’s hashrate, overshadowing markets such as the United States, Russia, and Venezuela.
Even, despite being prohibited, Bitcoin continues to be a traded asset and, thus, Asia represents 43% of global crypto transactions.
France is working for the digital euro crypto
According to the Banque de France, the central bank of France, it completed its first transaction using a CBDC on the SELT Blockchain.
The experiment took place on December 17 in which CITI and CACEIS acted as commercial banks that bought more than 2 million euros in CBDC tokens from French Central Banks.
BlackRock interested in Bitcoin crypto futures
According to a filing with the United States Securities and Exchange Commission (SEC), BlackRock could be preparing to enter the crypto derivatives market for Bitcoin.
It is worth remembering that BlackRock is the world’s largest asset manager with more than $ 7.8 trillion of assets under management.
In a few lines …
- Tether and Bitfinex have already produced more than 2.5 million pages of documentation in response to NYAG requests, but they ask for more time.
- Changpeng Zhao, founder and CEO of Binance, assured that the crypto exchange has never sold its founder BNB, it has only burned them.
- Uniswap managed to have an average trading volume of USD 1 billion per day in January.