Ethereum's Daily Active Addresses Soar, Signaling Potential Recovery
Ethereum's on-chain activity has surged, with daily active addresses reaching around 1,089,893 on September 13, the second-highest ever recorded. This spike suggests growing demand for ETH, even amid recent market volatility that pushed its price below $1,700. Ethereum remains attractive to institutional investors, with increasing interest in spot exchange-traded funds. Despite potential short-term challenges, Ethereum's strong fundamentals, liquidity, and central role in blockchain networks position it favorably for the future, although it may continue to face pressure linked to Bitcoin's market trends.
🔝Top 10 Crypto Friendly Countries Around the world 🤝🌍
1. 🇸🇬 Singapore 2. 🇨🇭 Switzerland 3. 🇦🇪 UAE 4. 🇭🇰 Hong Kong 5. 🇺🇸 United States 6. 🇦🇺 Australia 7. 🇬🇧 United Kingdom 8. 🇨🇦 Canada 9. 🇲🇹 Malta 10. 🇲🇾 Malaysia
If these countries were a crypto coin, they'd be the "GlobeCoin" with a combined GDP higher than the rest of the world! 🌏💸📈
Arkham Intelligence: Grayscale Bitcoin Trust Emerges as World's Second-Largest Bitcoin Holder with $16 Billion
Grayscale Bitcoin Trust (GBTC) holds over $16 billion in Bitcoin across 1,750 different addresses, making it the world's second-largest Bitcoin holder, according to blockchain analytics firm Arkham Intelligence. Grayscale's decision not to disclose these addresses for security reasons has raised some concerns. However, recent legal developments in which the U.S. Court of Appeals instructed the SEC to review GBTC's application to become an ETF have led to increased interest in Grayscale's assets. In total, Grayscale holds over $21 billion in digital assets, including Ethereum, Chainlink, and Polygon. These findings validate Grayscale's claims regarding its holdings.