A Whooping 56% Of OP Max Supply Not Assigned, What Does This Mean?
According to Token Unlocks, a platform that tracks upcoming unlocking events, 56% of all the OP token maximum supply is in the to-be-discussed (TBD) allocation, meaning the community is yet to vote and determine where these tokens will be assigned to in the coming weeks or months. This news is a curious development, especially for OP Mainnet, the team behind one of the most popular Ethereum layer-2 scaling solutions, and OP token holders. Billions Of OP Not Assigned Token Unlocks notes that roughly 2.4 billion OP, representing 55% of the max supply, remains under the TBD allocation. So....
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Bitcoin exchange Kraken and the Tokyo District Court-assigned Trustee assigned to the MtGox creditors’ claims investigation have revealed that there is “significant progress” being made, in an update today. In an email communicated to CCN today, an update from Kraken and Tokyo District Court-assigned Trustee Nobuaki Kobayashi confirms that “significant progress” has been made into the investigation into claims from creditors of MtGox. Trustee Kobayashi stated: Although the investigation into MtGox claims is still ongoing, we have made significant progress for creditors. The Court-appointed....
XRP has experienced over 15% price retracement after initially hitting a whooping 10-month high over the last week. The past week has seen the sixth-largest cryptocurrency in the world by market capitalization rise to over $0.58. The last time this digital asset touched this mark was May 2022. However, the coin has since entered a retracement […]
According to Bloomberg Senior ETF analyst Eric Balchunas there are “good signs” that the SEC will approve Bitcoin futures ETF applications from Ark Invest and Valkyrie. Bloomberg’s senior ETF analyst says there are “good” signs that a Bitcoin ETF will soon be approved, pointing to Ark Invest filing for a Bitcoin futures ETF with an assigned ticker and Valkyrie updating its own ETF prospectus with a ticker. Cathie Wood’s Ark Investment Management LLC filed for a Bitcoin (BTC) futures ETF under the ARKA ticker, while Valkyrie has assigned its BTC futures prospectus with the BTF ticker.....
When demand from these two sources alone exceeds the entire supply of newly minted bitcoins, expect serious supply pressure to follow.
A Casascius coin is the name of a certain type of physical - rather than purely digital -- bitcoin. Mike Caldwell, a resident of Sandy, Utah, in the US, first introduced physical bitcoins for purchase in 2011. He coined the name "Casascius" from an acronym for "call a spade a spade." Caldwell posts updates about his coins on the blog, "Casascius: You asked for change, I gave you coins." How does a Casascius work? Each coin holds the key to the digital value assigned to a particular bitcoin account. Though the coins are designed to reflect the relative worth of an account, they're actually....