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Bitcoin (BTC) Whale Accumulation Continues, Millionaire-Tier Holds ~50% of Total Supply

Before its recent move above $40,000, Bitcoin (BTC) has been consolidating for a while in the $30K range. While many retail investors remained skeptical over the last few weeks, the BTC whales have been squeezing the supply silently. As per data on Santiment, Bitcoin ‘millionaire-tier’ addresses holding between 100-10,000 BTC have added a massive 90,000

The post Bitcoin (BTC) Whale Accumulation Continues, Millionaire-Tier Holds ~50% of Total Supply appeared first on Coingape.

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Before its recent move above $40,000, Bitcoin (BTC) has been consolidating for a while in the $30K range. While many retail investors remained skeptical over the last few weeks, the BTC whales have been squeezing the supply silently.

As per data on Santiment, Bitcoin ‘millionaire-tier’ addresses holding between 100-10,000 BTC have added a massive 90,000 Bitcoins just within the last 25 days. The Bitcoin holdings of this category of whales have reached a 7-month high taking the total holdings to 9.11 million. These Bitcoin whales hold around 50% of the total Bitcoin supply worth a massive $370 billion.

Courtesy: Santiment

On the other hand, data from Glassnode shows that Long-Term Holders (LTHs) continue to hold their Bitcoin supplies tightly. These long-term holders include buyers who purchased BTC 155 days before or before January 10, 2021. Thus, the rate of coins maturing during this timeframe has accelerated.

It means that large quantities of the BTC with the long-term holders were purchased in the early bull and remained unspent. The existing rate of maturation i.e. LTHs holding for more than 155 days, has shot up 100% to above $400K/month.

Courtesy: Glassnode

Global Economic Macros Supporting Bitcoin Accumulation

Several hedge funds and billionaire investors are increasingly looking at Bitcoin with respect to the current macro-economic outlook. Recently, billionaire Paul Tudor Jones said that he holds 5% of his portfolio in Bitcoin.

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The billionaire is keen on further increasing his holdings if the Federal Reserve doesn’t act upon the rising inflation and consumer prices. Tudor Jones said:

If they treat them with nonchalance, I think it’s just a green light to bet heavily on every inflation trade. If they say, ‘Were on [the] path, things are good,’ then I would just go all in on the inflation trades. I’d probably buy commodities, buy crypto, buy gold.”

Moreover, as per the recent survey from Intertrsut Global, traditional hedge funds are willing to increase their BTC exposure over the next five years. It looks like the confidence for Bitcoin as a hedge asset among traditional investors is brewing up fast.

Intertrust Global surveyed the CFOs of nearly 100 hedge funds of which 98% showed interest in investing 7.2% of the total assets.

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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Source: https://coingape.com/bitcoin-btc-whale-accumulation-continues-millionaire-tier-holds-50-total-supply/

Blockchain

World-Renowned Photographer Christina Jansen to Release First Muhammad Ali Digital Collectibles with dMerch.io

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Never Before Seen Photos of “The Greatest” Available for Digital Collection on the WAX Blockchain

The Worldwide Asset eXchange (WAX) is partnering with world-renowned photographer Christina Jansen and Dublin-based NFT agency, dMerch.io to bring to life the Muhammad Ali Series 1 digital collection. The collection contains 136 unique digital collectables, all showcasing the vibrant personality of Ali himself and will be available on WAX blockchain starting on August 10, 2021 at 1pm EST / 10 am PST.

Throughout his iconic 21-year professional career, Ali was unconventional and incredible for the world to watch. He was an Olympic gold medalist, accumulated 56 victories, and was the first boxer in history to claim the heavyweight championship belt three times.

In 1986, Jansen and Ali met for the first time at a commercial shoot at Fulham Studios. Instantaneously, the duo connected, and Jansen admired Ali’s humble nature. Since her encounter with Ali, Jansen has gone on to photograph celebrities, athletes, and fashion icons.

“Photographing Muhammad Ali was one of the most inspiring jobs I have ever had. Over a period of two weeks on and off the set I witnessed how he treated everyone who approached him the same. It didn’t matter to Ali where you came from or what you did. I felt so blessed to have the chance to talk to him and get to know this great man like a close friend.  Ali told me his Philosophy in life – If you reach for the moon you might end up next door, but if you reach for the stars you will get to the moon. He encouraged me and others to reach for their goals and not be afraid to take risks in life,” said Jansen.

Adam Bouktila, COO for dMerch, praised Christina’s photographs which have not been seen by a wider audience:

“This collection is amazing for the close connection between Ali and his photographer. These are not paparazzi shots taken at random. These are beautifully crafted images taken over a two-week period where subject and artist forged a close and powerful connection. The connection makes the images come alive.

“And with NFT technology we can now share these images with the world. As a Mohammed Ali fan this is a huge privilege for me to be involved in this project.”

Since his passing in 2016, Ali’s life and love for mentoring others will be revealed through Jansen’s intimate, never-before-seen photographs for fans to collect and enjoy as digital collectibles on the WAX Blockchain. In her very first WAX collection, Jansen will offer the proceeds of an extremely special “Boxing Futures” pack featuring a single, ultra-rare Muhamad Ali digital photograph to aid Boxing Futures, an organization that aims to help disadvantaged youth by providing a safe space for them to improve their physical and mental health through boxing all while learning to build relationships and find motivation.

“This collection is both a personal and professional triumph that allows us to give back to a deserving group and pay homage to Muhammad Ali’s legacy,” says Jansen.

The intimate photos of the boxing superstar will be available in six (6) ring-worthy rarities, including:

  • Classic
  • Negative
  • Gallery
  • Photographer
  • Championship
  • Behind the scenes

As a special thank you for their support of the collection, Championship card buyers will be automatically entered into a randomized drawing for a chance to claim one (1) of (3) unique physical prints.

The Muhammad Ali Series 1 digital collection will feature 5,000 Classic Packs, 3,000 Photographer Packs, and 1,000 Boxing Futures Packs and are available in the following sizes:

  • Classic Packs containing 5 digital collectibles for $19.99
  • Photographer Packs containing 25 digital collectibles for $49.99
  • Boxing Futures containing 1 digital collectible for $9.99

There will be a “stress test” prior to the official launch day on August 9 at 1pm EST / 10 am PST. Fans can sign-up through the official WAX Discord and will receive a free promo-pack as a “thank you” for participating.

About WAX
The Worldwide Asset eXchange™ (WAX), is the world’s #1 blockchain, as measured by number of users and transactions, according to Dappradar.com. WAX’s mission is to bring digital collectibles to the mass market in the safest, most secure, environmentally friendly, and easy-to-use marketplace in the world. WAX is also the leading entertainment digital collectibles network — in 2018, WAX introduced vIRLs®, giving consumer product companies the ability to directly link digital collectibles to physical consumer products. Co-founded in 2017 by William E. Quigley and Jonathan Yantis, WAX has facilitated the trade of more than 100 million digital collectables including Major League Baseball (via Topps MLB collectables), Capcom’s “Street Fighter,” and world-renowned entertainers Deadmau5 and Weezer. For more information, please visit https://wax.io and follow along on Twitter and Discord.

About Boxing Futures
Boxing Futures is a dynamic charity which works to improve the physical and mental health and wellbeing of disadvantaged young people. We empower young people by building positive relationships, developing core soft skills and increasing confidence and motivation.

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Media Contact:

[email protected]

Source : Plato Data Intelligance

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Blockchain

Meat Food Production Giant Oscar Mayer Auctions Disposable Packaging “Hot DOGE” Wiener

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An American meat and cold cut production company Oscar Mayer, owned by the American food giant Kraft Heinz, used the eBay e-commerce platform to auction a single package of “Hot Doge Wieners” worth 10,000 Dogecoins. (Read More)
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://Blockchain.News/news/meat-food-production-giant-oscar-mayer-auctions-disposable-packaging-hot-doge-wiener

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Blockchain

NFT Trading Platform Giant MakersPlace Completes $30M in Series A Financing

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Non-Fungible Token (NFT) trading platform MakersPlace announced the completion of a $30 million Series A financing jointly led by Bessemer Venture Partners and Pantera Captial. (Read More)
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://Blockchain.News/news/nft-trading-platform-giant-makersplace-completes-30m-series-a-financing

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Blockchain

Burberry Cooperates with Mythical Games to Launch the First NFT in Blankos Block Party Game

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The famous British luxury brand Burberry cooperated with Mythical Games to launch its first non-fungible token (NFT) series that provide players with the verification of ownership and real rights. (Read More)
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://Blockchain.News/news/burberry-cooperates-mythical-games-launch-the-first-nft-blankos-block-party-game

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