Welcome, Crypto enthusiasts!

45% of the Bitcoin supply remains dormant in long term wallets signifying strong resilience amount seasoned holders.

In Today’s Blockstreet Journal:

• 45% Of Bitcoin Hasn’t Moved

• Tether Continues Minting

• Market Rundown

• Top Gainers & Losers

• Airdrops More News

Latest News

BITCOIN
🤔 45% Of Bitcoin Hasn’t Moved  

Word On The Street: Nearly half of the available Bitcoin (BTC) supply has remained unmoved over the past six months.

The details:

• Although Bitcoin reached a new all-time high approximately five months ago, a significant portion of BTC investors continues to hold onto their assets.

• Glassnode’s analysis of the realized cap HODL waves indicator reveals that over 45% of all Bitcoins have remained dormant in wallets.

• Long-term holders —those who have held coins for at least 155 days—did distribute some of their holdings before and after the all-time high.

Why it matters: This optimism suggests that despite short-term concerns, there may be significant growth potential for Bitcoin as global financial conditions evolve.

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Word On The Street: CoinLedger offers a suite of products designed to aid cryptocurrency enthusiasts on their investing journey. We know that trying to do your crypto taxes can feel overwhelming and confusing. CoinLedger was designed to be a stress-free product for any crypto investor.

The details:

• Import your crypto transactions from your wallets and exchanges.

• Watch the platform calculate your gains and losses for all your transactions — trading, staking, NFTs, or anything else!

• Once you view your transaction history, download your tax report with the click of a button.

Just use this exclusive link to make crypto taxes easy!

MARKET NEWS
💰️ Tether Continues Minting 

Word On The Street: Tether balances on cryptocurrency exchanges reached a record high of 20.339 billion on August 13.

The details:

• Investors are preparing to deploy these stablecoins into crypto assets ahead of the U.S. Federal Reserve's rate decision in September.

• This surge in Tether's exchange balance follows the minting of $1 billion worth of USDT by the Tether Treasury.

• Historically, increases in Tether's exchange balances have been observed during both bear and bull markets.

Why it matters: Recent activity suggests a potential bullish scenario. On August 13, Tether Treasury sent $141.50 million in USDT to the crypto trading firm Cumberland, which then distributed the capital across multiple exchanges.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.09T, a 0.79% decrease over the last day.

The total crypto market volume over the last 24 hours is $69.76B, which makes a 3.33% decrease. The total volume in DeFi is currently $3.51B, 5.02% of the total crypto market 24-hour volume. The volume of all stable coins is now $65.27B, which is 93.56% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 55.91%, a decrease of 0.08% over the day.

Global Market Metrics

As of the latest update, the cryptocurrency market is displaying mixed signals with some stability in key areas. Here are the current metrics:

- Total Market Cap: Approximately $2.09 trillion USD

- Total Volume: $69.76 billion USD

- Bitcoin Dominance: 55.91%

- Ethereum Dominance: 15.25%

- Active Cryptocurrencies: 10,071

- DeFi Market Cap: $58.50 billion USD

- DeFi Volume: $3.51 billion USD

- Stablecoin Market Cap: $160.62 billion USD

- Stablecoin Volume: $65.27 billion USD

- Derivatives Volume: $691.26 billion USD

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers 

Airdrops & More News

DAILY AIRDROP
📦️ Yield Nest Airdrop

YieldNest is running a seeds campaign to reward users of the protocol. Through the seeds program, YieldNest aims to connect the dedication and support of users to tangible rewards, including participation in future airdrops.

Step-by-Step Guide:

1. Visit YieldNest and connect your wallet.

2. Deposit some ETH into ynETH to being earnings seeds.

3. Check out the the Earn page for ynETH DeFi integrations to earn even more seeds.

4. Create a unique referral link and invite friends to earn seeds.

5. For more information about the Seeds campaign, check out this page.

6. Follow YieldNest on X for further updates.

Other News

Crypto.com becomes official UEFA Champions League partner. Connecting with sports fans has accounted for at least 100 million new users on Crypto.com, according to the firm’s CMO.

MetaMask Starts Rollout of Blockchain-Based Debit Card Developed With Mastercard, Baanx. The new offering will allow MetaMask users to purchase directly from their self-custodial crypto wallet.

$100 bet on Pump.fun has worse odds than roulette. Traders are disillusioned with the ultra slim chances of picking a memecoin winner.

Goldman Sachs Holds Over $400M in Bitcoin ETFs. The investment bank says it owns over $400 million in bitcoin ETFs, according to a recently filed 13F

🫡 Thanks For Reading

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