AUM in the Grayscale Bitcoin Trust, the firm’s largest holding, has decreased from $43.5 billion to $30.4 billion, a 30% decline during this time. The AUM of its second-biggest holding, the Grayscale Ethereum Trust, declined from almost $15 billion to $11.6 billion, a 22% drop. Source link … [Read more...] about Grayscale Holds $43B in Crypto Assets Under Management, Down From $60.9B in Early November
November
US Inflation Jumps to 39-Year High of 6.8% in November; Bitcoin Falls
After the release of the October CPI data, bitcoin shot up by almost $3,000 to quickly hit a new all-time high of $68,950. But within a few hours, the move reversed completely, and prices fell as more traders shifted to focus on the logical consequence of faster inflation: monetary-policy tightening by the Federal Reserve that might crimp demand for riskier assets from stocks … [Read more...] about US Inflation Jumps to 39-Year High of 6.8% in November; Bitcoin Falls
Argo Blockchain’s Mining Revenue Increased 15% in November as It Added Capacity
Argo Blockchain’s bitcoin mining revenue increased about 15% to £8.29 million ($11 million) in November from October as it increased mining capacity.The London-based company mined 185 bitcoin “or bitcoin equivalent,” up from 167 in October.Its total production for 2021 is 1,831, the company announced Tuesday.Mining profit also rose about 15%, hitting £7.13 million ($9.63 … [Read more...] about Argo Blockchain’s Mining Revenue Increased 15% in November as It Added Capacity
Footprint November Monthly Report: DeFi TVL surpasses $288B, NFTs stall
In the month of November, DeFi’s Total Value Locked (TVL) surpassed a record high of $288 billion, up by 32.7% MoM, and Bitcoin and Ethereum surpassed previous all-time peaks.Although NFT trading activity slowed, it has not affected fundraising in the sector.BTC, ETH hit record highsFootprint Analytics: BTC Price and Trading Volume TrendsFootprint Analytics: ETH Price and … [Read more...] about Footprint November Monthly Report: DeFi TVL surpasses $288B, NFTs stall
Shiba Inu interest tapers as transaction count in November drops by 40%
Interest in controversial meme token Shiba Inu appears to be waning as on-chain analysis shows significant drops in investor activity.According to blockchain analytics firm Bloxy, both the number of transactions and volume for November fell compared to the previous month. With the transaction count falling by over 40%.Since bursting into the top 20 in October, Shiba Inu has … [Read more...] about Shiba Inu interest tapers as transaction count in November drops by 40%