Happy Monday, Blockfolians!
The Lede
Last week, we discussed the continued growth in bitcoin whales, despite (or perhaps because of) short term price declines.
This week, the story is all about ETH whales. The number of addresses holding 10,000 or more ETH hit a 13-month high on Saturday according to Glassnode. Currently 1,103 addresses hold more than 10k ETH.
More important than the total number is the trajectory. 35 new ETH whales this month and 75 since November.
Iiiiiiiiiiiiinnnnnnteressssting.
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Highly Relevant Reading
Bank of Singapore says crypto could replace gold as a store of value
Russian officials banned from holding crypto
Grayscale has made a $1M donation to Coin Center
Chengdu is up next for a digital yuan test, giving out $8m worth
Community Commentary
A fascinating insider’s look at the state of crypto VC
What do you think of this debate?
A Really Big Number We Should Be Paying Attention To
$150M
That’s the amount of Bitcoin NASDAQ-listed crypto mining company Marathon just bought
Final Thought
Thoughtful stuff here from one of the best podcast hosts out there