Recently, Ethereum’s market dynamics have shifted significantly, with one crucial aspect being the steep drop in exchange reserves. Current reports indicate the reserves are at the lowest they’ve been since 2016. This clear movement of Ethereum away from exchanges and into long-term storage follows a pronounced trend. At the same time, on-chain activity keeps getting better and better. More and more, we’re seeing “efficient” on-chain activity, and a gas fee reduction just makes that situation better. “Longer-term holders” now seem to be more the rule than the exception when it comes to Ethereum. And all that seems to leave the
The post Ethereum’s Supply Shrinkage and On-Chain Trends Point to Long-Term Growth appeared first on The Merkle News.
]]>
Imagine that you had over US$100 million worth of Bitcoin rotting away in a landfill and there was nothing you could do about it. Welcome to the world of James Howells, a Welsh IT worker who threw away a hard drive containing Bitcoin he’d mined back in 2009. The Newport South Wales City Council has repeatedly denied his requests to commence digging operations in the trash heap for his treasure trove of digital gold. One Man’s Treasure Is Literally Trash “You know when you put something in the bin, and in your head, say to yourself ‘that’s a bad idea’?” James Howells rhetorically
Powered by WPeMatico
]]>