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33,860 $BTC worth more than $1B sent to exchanges. According to the report, up to 90% #BTC is sent to derivatives exchanges. Crypto Quant thinks that miners are hedging the price out of fear of large fluctuations in the near future. However this study contains many holes as many exchanges include spot + derivative. #BTC #bitcoin

33,860 $BTC worth more than $1B sent to exchanges. According to the report, up to 90% #BTC is sent to derivatives exchanges.

Crypto Quant thinks that miners are hedging the price out of fear of large fluctuations in the near future.

However this study contains many holes as many exchanges include spot + derivative.

#BTC #bitcoin

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According to L2BEAT data, Polygon zkEVM TVL is at $48.76 million, an increase of 20.76% over the past 7 days. Other major ethereum Layer 2s have seen varying degrees of TVL declines over the past 7 days, with zkSync Era down over 11%. Polygon released its 2.0 roadmap in mid-June, describing a multi-chain ecosystem comprising zero-knowledge (ZK) powered scaling solutions. Polygon allocated $1B to investing in zero-knowledge technologies in 2021 and launched its zkEVM in March. #crypto2023 #zkEVM #Polygon
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Japan’s Largest Banks to Bring Japanese Stablecoins to Cosmos
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