ADA Coin whales are attracting attention with transactions of an impressive size of $13 billion. Polkadot parachain network Astar has announced its latest milestones to its community. COTI launched a $25 million ecosystem fund. Grayscale recently transferred 9,840 BTC to Coinbase Prime. And more!
There is hot news from Bitcoin, ETH, ADA Coin and these 5 altcoins….
Massive increase in ADA Coin whale transactions
The Cardano network is witnessing an awakening of sorts, with ADA Coin whales pumping the network with transactions worth an impressive $13 billion. This activity is notable, especially when compared to Ethereum’s seven-day average of $5 billion for transactions of similar size. Considering the ADA Coin market cap and trading volume compared to ETH, the numbers are eye-popping. This signals a potentially significant shift in the behavior of large-scale investors in the ADA Coin ecosystem. Despite this flurry of whale activity, ADA Coin price performance has been somewhat muted. In recent weeks, ADA Coin price has lost momentum and breached key support levels.
Astar (ASTR) reaches historic network milestones
Astar expands its parachain leadership with mind-blowing network figures. Polkadot parachain network Astar made headlines again after announcing its latest milestones to its community. Astar Network, in its statement from its official X account, stated that it has exceeded 650,000 ASTR owners. He also noted that this figure underlines the rapid adoption in the Web3.0 ecosystem. To complete this milestone, Astar Network said that the total number of ASTRs invested in projects in its ecosystem has exceeded 3.4 billion tokens. This figure is huge, as Astar’s circulating supply is only 5,497,786,775 ASTR, according to CoinMarketCap data.
COTI launches Ecosystem Growth Fund
COTI (COTI), which is also listed by leading crypto exchange Binance, has launched a $25 million ecosystem fund. Altcoin project, these funds aim to increase privacy on the Ethereum network. In this context, COTI made the following announcement from its official X account:
COTI Foundation is launching an Ecosystem Growth Fund and announcing its first fund! The Foundation will seek developers and startups to conduct research and development within COTI V2 and encourage its growth.
Ethereum staking rate continues to rise
CryptoQuant CEO Ki Young Ju shared his views on Ethereum staking progress. The CEO says that many ETH staking enthusiasts have not unlocked their coins post-Shapella. Therefore, Shapella admits that he was wrong about the effects of the hard fork. Ethereum staking rate, i.e. the percentage of ETH coins locked in staking, reached 24%. Moreover, this rate continues to increase. Meanwhile, only 11% of ETH supply is stored on centralized exchanges.
Gitcoin-backed Layer-2 network PGN is coming to an end
Gitcoin-backed Public Goods Network, a Layer-2 solution on Ethereum, is winding down all operations within the next six months. Accordingly, it aims to close completely by mid-2024. The move marks a major milestone for the network, which launched last year as an application blockchain to complement Gitcoin’s existing operations in public goods and developer financing. The project cited several reasons for its decision to shut down PGN, including difficulties in moving users to the network and operational costs that exceeded its budget.
Delphi Labs and Astroport Foundation introduce Asteroid Protocol
Research and development firm Delphi Labs and the Astroport Foundation have introduced an inscription platform called Asteroid for the Cosmos Hub network. Inscriptions are a new way to place data on Blockchains without native support for smart contracts. Asteroid is introducing new tokens called “CFT-20s” into the asset using Cosmos trading call data. Asteroid contributors launched the first CFT-20 token, Asteroids (ROIDS), as a proof of concept on Tuesday. The token, with a total supply of 100 million, was quickly written off by users within a few hours. Each ROIDS token is traded at $0.0045, giving it a market cap of $4.5 million.
Satoshi-era Bitcoin whale took action
BTC_Archive, Arkham Intelligence drew attention to a whale that took action after five years of sleep. The on-chain watchdog has published data showing the transactions of the reactivated giant Bitcoin whale. Arkham detected several hefty transactions carrying a total of $2 billion worth of Bitcoin. Adding a comment to the screenshot, BTC_Archive stated that this wallet woke up for the first time since 2019. So, before this he had only made one transaction since 2013. That was the year when the shadow of the mysterious Bitcoin creator Satoshi Nakamoto was still around. Because it had fallen off the radar just three years ago.
Grayscale Trust transferred 9,840 BTC to Coinbase Prime
According to on-chain data analyst Yu Jin, the Grayscale Trust address recently transferred 9,840 BTC to Coinbase Prime. cryptokoin.comAs you follow from, since the launch of the BTC spot ETF, the Grayscale Trust address has consistently transferred 41,478 BTC (worth approximately $1.784 billion) to Coinbase Prime during the opening hours of the US stock exchange for four consecutive trading days starting January 12. transferred.
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