The third Bitcoin whale recently added another 1.854 BTC to its balance sheet, accumulating value of more than $6.500 billion. This and more news in this practical summary daily so that you are always informedwith events most recent that occur within the crypto world.
Cryptocurrencies and altcoins
📍The price of Bitcoin falls and whales take advantage to continue accumulating. Bitcoin (BTC), the largest and most important cryptocurrency in the world, is trading below 60K at the time of this edition. The price of Bitcoin has fallen by nearly 4% in the last few hours, approaching the $59.600 per BTC. The fall represents a unique opportunity for many in the market, who want to continue accumulating the cryptocurrency. On-chain data shows that the third largest Bitcoin whale added another 1.854 BTC to its balance sheet recently. The whale, a term used to refer to Bitcoin addresses or wallets that move large amounts of the cryptocurrency, now owns 110.075 BTC, as seen in data from Bit Infocharts.
The new bitcoins were purchased when the price of Bitcoin was around $60.000 – $62.000, cryptocurrency blogger Colin Wu highlighted on his Twitter account. At the time of this edition, the third Bitcoin whale is worth more than $6.590 billion.
NFT and DeFi Markets
📍Search interest for the term “NFT” on Google has almost doubled in the last month. As shown by the data According to Google Trends, interest in the search terms “NFT” and “Non-Fungible Token” has skyrocketed around the world since the beginning of the year. For January, search interest for these terms was 1, according to the score assigned by Google Trends, while to date it reaches 96 points for the term “NFT” and 56 points for “Token nor fungible.” The country that leads the search interest in NFT is Venezuela, followed by Brazil, Argentina, Colombia and Spain.
Source: Google Trends
Miners
📍Marathon Patent Group to expand its crypto mining operations with $500 million debt bonds. The cryptocurrency mining company, Marathon Patent Group, the largest in the United States, is issuing debt bonds for 500 million dollars, to expand its holdings of bitcoins and invest in its facilities and in the acquisition of mining equipment of cryptocurrencies, in order to continue expanding its operations in the country. According to the release issued by the company, the debt bonds, maturing in December 2026, will be offered to certified institutional investors.
Shares of Marathon Patent Group, MARA, are up nearly 10% since the news. Michael Saylor, CEO of MicroStrategy, the largest institutional investor in Bitcoin, he highlighted on its Twitter account the offer announced by the company to expand in the crypto space.
Cybersecurity
📍Cream Finance will compensate those affected by its latest hack. The decentralized finance protocol (DeFi) Cream Finance stated that it will compensate all users affected by the last hack that the protocol suffered at the end of last October, in which it lost 130 million. Cream developers will use over 1,4 million CREAM tokens from the protocol's treasury and remove the allocation of tokens to the development team to compensate their users; This was reported through Twitter.
Those affected by the hack, who have not used insurance coverage such as Nexus Mutual and Bridge Mutual, can now start a claim process to receive the corresponding CREAM tokens. The claim process will be available for one year, the protocol developers reported. CREAM is listed on the markets with a value of $41,6 per unit, actually.
Rules and Regulations
📍Bank of England sees a potential threat in Bitcoin. Sir Jon Cunliffe, vice-president of the Bank of England, said during a interview en Today from the BBC, that cryptocurrencies like Bitcoin represent a potential threat to global financial stability. For Cunliffe, Bitcoin is a very volatile digital asset that is growing too fast, which is why it represents an increasingly close threat to the stability of markets around the world.
The deputy governor of the Bank of England called on regulators to act on the crypto industry, which is becoming more integrated with the traditional financial system every day. According to his statements, regulators must establish clear regulations that regulate and control the crypto industry, in order to guarantee the security and stability of investors. Cunliffe ruled out the urgency of regulating stablecoin issuers, considering it a market that is still very small compared to cryptocurrencies. At the close of this edition, the stablecoins They have a value of about 135.000 billion dollars, while the capitalization of cryptocurrencies, excluding stablecoins, exceeds 2,6 trillions of dollars.
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