$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain

$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum BlockchainAccording to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) circulating on the Ethereum blockchain. Out of the six synthetic bitcoin token projects, wrapped bitcoin (WBTC) commands the largest number of coins with over 63% and 44,622 WBTC. Synthetic bitcoin (BTC) has grown massively in recent weeks and since news.Bitcoin.com’s last report […]

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Whale Watch: 68 New Whales Join ETH Network, BTC Holds Lowest Concentration of Whales

Onchain data shows that during the market carnage this past weekend the number of ethereum whales increased significantly, while ETH prices dropped by 30%. Analytics from the data firm Santiment shows 68 new whales joined the network during the last three days. During the last three days, cryptocurrency prices dropped considerably but ethereum (ETH) and […]

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