Shrimp-to-Fish Wallets Absorbing BTC Faster Than It’s Minted
Wallets holding less than 100 BTC (Shrimp-to-Fish cohorts) continue to accumulate at a pace exceeding issuance.
🔹 Monthly balance growth: +17K BTC
🔹 BTC issuance: +13.85K BTC
🔹 Shrimp wallets (<1 BTC): Added nearly 10K BTC
This highlights persistent retail-driven accumulation and growing demand from smaller holders despite market uncertainty.
Wallets holding less than 100 BTC (Shrimp-to-Fish cohorts) continue to accumulate at a pace exceeding issuance.
🔹 Monthly balance growth: +17K BTC
🔹 BTC issuance: +13.85K BTC
🔹 Shrimp wallets (<1 BTC): Added nearly 10K BTC
This highlights persistent retail-driven accumulation and growing demand from smaller holders despite market uncertainty.
📢 Coinbase Meets Indian Minister to Discuss Blockchain Opportunities
Coinbase’s Chief Legal Officer, Paul Grewal, recently met with Karnataka’s IT Minister, Priyank Kharge, to explore ways to boost blockchain adoption in India.
The discussion covered areas like:
▶️ Developer tools for the blockchain ecosystem
▶️ Cybersecurity improvements
▶️ Training and capacity-building programs
▶️ Using blockchain for public-sector projects
While this was a state-level meeting (Karnataka), it shows growing interest in blockchain innovation in India.
Coinbase’s Chief Legal Officer, Paul Grewal, recently met with Karnataka’s IT Minister, Priyank Kharge, to explore ways to boost blockchain adoption in India.
The discussion covered areas like:
▶️ Developer tools for the blockchain ecosystem
▶️ Cybersecurity improvements
▶️ Training and capacity-building programs
▶️ Using blockchain for public-sector projects
While this was a state-level meeting (Karnataka), it shows growing interest in blockchain innovation in India.
🚨 JUST IN: CrediX, a DeFi lending platform on Solana, has gone completely silent after suffering a $4.5 million exploit on August 4.
The attack targeted the platform’s admin multi-sig wallet and bridge permissions, allowing the hacker to drain funds and mint unbacked tokens.
Since then, the CrediX team has taken down their website, deleted their X account, and removed other social media channels.
They had previously claimed to be in talks with the exploiter to recover the funds, but no updates have been given, sparking fears this could be an exit scam.
Stay cautious.
The attack targeted the platform’s admin multi-sig wallet and bridge permissions, allowing the hacker to drain funds and mint unbacked tokens.
Since then, the CrediX team has taken down their website, deleted their X account, and removed other social media channels.
They had previously claimed to be in talks with the exploiter to recover the funds, but no updates have been given, sparking fears this could be an exit scam.
Stay cautious.
While others drop, BNB climbs. Still wondering where the smart money is?
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COINBASE TO ADD DEX TRADING TO THE COINBASE APP, ALLOWING USERS TO TRADE MILLIONS OF ASSETS ON BASE: BLOG
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ETPO1Y12🎁#BTC DOMINANCE ANALYSIS
BTC Dominance has broken down from the rising wedge pattern with significant volume and is currently trading within a key horizontal support/resistance zone.
A breakdown below this level could lead to further downside, while a rebound from here is also possible. Monitor upcoming price action closely for confirmation.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.
BTC Dominance has broken down from the rising wedge pattern with significant volume and is currently trading within a key horizontal support/resistance zone.
A breakdown below this level could lead to further downside, while a rebound from here is also possible. Monitor upcoming price action closely for confirmation.
It’s important to note that BTC Dominance often shares an inverse relationship with the altcoin market cap.