Breaking: Three Arrows Capital Dumps $33 Mln Staked Ethereum (stETH)
https://bit.ly/3zSEzK3

At the moment, stablecoins — that is, coins pegged to the value of the dollar — account for 16.3 percent of the cryptocurrency market capitalization. This means that more and more investors are selling their digital assets in order to enter the stables.

Here is a chart from Blockcworks.

According to Glassnode analysts, long-term Bitcoin hodlers, who have held the cryptocurrency for over a year, also had a hand in the current price collapse. According to their information, they got rid of 178 thousand BTC at the level of 23 thousand dollars.

This is the equivalent of 1.31 percent of the total number of coins in the hands of investors. So the overall amount is relatively small.

Breaking: Crypto Lender BlockFi Gains $250 Mln Credit Line From FTX
https://bit.ly/3Na2XJK

Analysts note that Bitcoin miners have been actively moving the cryptocurrency since June 12. Most likely, the coins went to the exchanges for sale.

As representatives of the crypto community joked, this is an analogue of the principle "buy high and sell low", but only for ASIC owners.

At the current stage of the collapse of the cryptocurrency market, Bitcoin has already dipped 73.3 percent from its all-time high price of $69,000. Glassnode analysts decided to compare today's situation with previous bearish trends - that's what happened.

For example, the market crash in March 2020 due to the pandemic reached the equivalent of a 74.7 percent drawdown for BTC.

CoinMetrics analysts note that the hashrate of the Bitcoin network remains relatively stable, despite the behavior of the cryptocurrency exchange rate. According to them, the average was fixed at around 215 exahashes per second, while in May it averaged 220 exahashes per second.

If anything, right now the hashrate is 251 exahash. Miners in action.

Breaking: Court Orders Liquidation Of Three Arrows Capital

https://bit.ly/3Nu4N8A

🐳🦈 #Ethereum shark and whale addresses (holding between 100 and 100,000 $ETH ) combined added another 1.1% of coin supply to their portfolios with this -39% drop. Historical data indicates that this group of levels has an impact on future price movement.

Apparently, this week will be the least successful in terms of NFT trading volume over the past year. Again, many investors in the current environment are not yet trite to non-fungible tokens.

The volume of bitcoins on cryptocurrency exchanges has decreased to 2.4 million coins. The last time such levels were observed in July 2018, that is, in the midst of the previous bearish trend.

Mass withdrawals of cryptocurrencies from trading platforms are always nice.

Breaking: Meta’s NFT Plans In Full Swing Despite End To Crypto Program
https://bit.ly/3AuO02f

Gaming DAPPs with the highest user growth 30D

Here’s how the second quarter of 2022 turned out for cryptocurrencies from various categories. Exchange native tokens suffered the least. But among the main losers were the coins of decentralized exchanges and the decentralized finance industry.

Major players were actively buying bitcoin in the $20,500-$21,300 range, according to Whalemap.

How many Bitcoin addresses hold the equivalent of at least a million dollars or more? At 65,324 units.

But the distribution of other amounts.

A year ago, the minimum cost of a representative of the Bored Ape Yacht Club NFT collection was 3.5 ETH. Today, this figure is 98.9 ETH, even taking into account the market collapse.

So the early and most patient investors in BAYC clearly don't have many financial problems.

Breaking: BlockFi CEO Describes Latest Move “Best Possible Outcome”
https://bit.ly/3uJBUP4

⚡️ Stablecoin circulation increased by 43.0% from $76.58 billion to $109.50 billion.

This chart shows the number of USD-pegged stablecoins issued and circulating on Ethereum.

Despite the drawdown of the Bitcoin exchange rate, miners continue to actively mine cryptocurrency. Today, the hash rate is 215 exahash per second, which is only 18.5 percent lower than the historical maximum of the indicator.

That is, the demand is sufficient. Here is the schedule for the week.