Ethereum whales have doubled their holdings over the past four years
— Santiment (@santimentfeed) September 28, 2022
#Ethereum's top 10 non-exchange and top 10 exchange addresses collectively hold ~32M $ETH, double what they held 4 years ago. The top 10 non-exchange addresses now hold 23.3M $ETH, compared to top 10 exchange addresses holding 8.6M $ETH. https://t.co/g07qE0iDf5 pic.twitter.com/g9muCwBcNc
USD gains against other currencies
Do Kwon refutes rumors of cashing out
What has been probably the most surprising in all this is the amount of misinformation that gets spread.
— Do Kwon
There is no “cashout” as alleged, i havent used kucoin or okex in at least the last year, and no funds of tfl, lfg or any other entities have been frozen. https://t.co/E1cbKgoqQz(@stablekwon) September 28, 2022
Meta bet big on the metaverse
Bitcoin is a backstop
“#Bitcoin is a backstop. It is behind you. You will have it for your long term savings and long term future”
— Documenting Bitcoin
— U.S. Senator @CynthiaMLummis pic.twitter.com/uLTxTqcF8B(@DocumentingBTC) September 28, 2022
The state of GBTC and BTC
Objectively, I would say there isn't much interest in $BTC from U.S. based institutional investors until $GBTC starts getting bid closer to net asset value.$GBTC holds 635k BTC, and with the current -35% discount to NAV, there is a significant incentive to allocate to GBTC. pic.twitter.com/fvgpw0T1nh
— Dylan LeClair(@DylanLeClair_) September 28, 2022
Obviously $GBTC isn't BTC.
— Dylan LeClair
But if you're telling me that the legacy whales are currently allocating to bitcoin behind the scenes, I'd ask you why they aren't picking up $GBTC at the equivalent price of ~12.5k?
They don't care about censorship resistance, only finacnial upside.
