Meanwhile, Ethereum (ETH) continues to be a deflationary asset. After the blockchain switched to the Proof-of-Stake consensus algorithm in mid-September, the supply of ethers decreased by approximately 6 thousand units.

The PoW blockchain would generate 741,000 new ETH over the same period. So it goes.

Over the past two weeks, activity on the Ethereum network has increased markedly. This led to an increase in fees and, consequently, an increase in the income of validators. According to Dune analysts, because of this, the average annual return of staking ETH briefly even increased up to 10 percent.

According to Glassnode experts, the current rate of Bitcoin withdrawals from cryptocurrency exchanges is 172.7 thousand BTC per month. This is a record, which, among other things, bypassed the indicator set during the collapse of the coin market in June 2022.

Such is the consequence of distrust due to the collapse of FTX.

225 Million XRP Moved By Whales; Price Up By 6%

https://bit.ly/3EXuDRe

Representatives of the Institutional Investor Custom Research Lab conducted a study among 140 American institutional investors, that is, major players in the field of investment. As it turned out, 62 percent of them increased their investment in cryptocurrencies over the past year. 12 percent reduced them, while the rest of the investments remained at the same level.

All these investors have assets worth $2.6 trillion, if anything.

⚡️In just the last 3 weeks, the largest bitcoin sales from miners have occurred.

If the price of bitcoin remains at the same level or goes down, then we should expect many bankruptcies of mining companies.

Analysts at Arkham determined that on Nov. 6 — a few days before the crash — Alameda Research, a trading company, withdrew the equivalent of $204 million from the US arm of the FTX exchange.

116 million of them were stablecoins like USDT, USDC, BUSD and TUSD.

Spoiler alert: that didn't save the company either.

⚡️November 2022 - November 2023 is probably the best period to accumulate digital assets.

Breaking: Binance Acquires Sakura Exchange BitCoin, Re-Enters Japanese Market

https://bit.ly/3Uey5eJ

This is how the collapse of the FTX crypto exchange looks like in the form of a graph of trading volumes of futures for the FTT token. There is a whole story behind this image.

▪️There is a hypothesis that Bitcoin is driven by 4-year halving cycles.
▪️The last global bottom was in December 2018.
▪️December 2022 has arrived, which means 4 years later.

The volume of spot trading in cryptocurrencies - that is, by conducting transactions at market rates without leverage - increased by 23.7 percent in November. Most of the indicator came from Binance. Its share of spot trading volumes increased to 75.1 percent after the FTX crash.

Miner balances decreased by 17,721 BTC in 30 days ⛏

The last time miners had so few bitcoins was in September 2021. Then everyone believed in a quick $100k, but the miners were actively cashing out their cryptocurrency.

Breaking: Kazakhstan Passes Stringent Crypto And Mining Bills

https://bit.ly/3VZwP0i

In August, a record for BTC emissions from central exchanges was recorded in history (Glassnode). Of course, the FTX scam was to blame.
It is logical that the less observations are found on the exchanges, the less selling pressure. Therefore, I regard this as a positive development for the market.

2.58 million bitcoins have not moved over the past ten years. This is a new record of the indicator, and the matter here is clearly not only in Hodl, but also a cryptocurrency at addresses with lost access.

⚡️The volume of withdrawals from centralized exchanges last week according to Nansen. Usually this is not good.

Elon Musk Hints Of Building Payment App To Compete With PayPal

https://bit.ly/3FTLpl3

Meanwhile, the hashrate of the Bitcoin network has risen again above the mark of 300 exahashes per second. It seems that the almost record-breaking difficulty of BTC mining and the relatively low rate of the cryptocurrency do not magically interfere with the miners.

Well, the network is perfectly protected from possible problems.

🎄While all the chats are talking about FTX and the future of digital assets, take a look at Layer 2 Optimism. The number of unique addresses on the network is also growing exponentially. The network has passed the mark of 2 million unique addresses.