TL;DR

• Animoca Brands announced that Hong Kong Telecom will investigate the use of stablecoins to facilitate both local and international payments.

• Wintermute's wallet purchased 4 million ARB from Coinbase 10 hours ago.

• Grayscale's GBTC holdings decreased by about 366 Bitcoins compared to the previous trading day.

• A whale bought 11.83 million MIGGLES this morning and currently enjoys a floating profit of $142,000.

• The total open positions for Bitcoin contracts across the entire network now exceed $36.5 billion.

• Jordan has launched its own national blockchain technology network.

• Approximately 64,000 BTC were deposited into exchanges over the past month, amounting to roughly $4.1 billion.

Demex

Join the Biggest Cosmos Trading Competition on Demex

Grab Your 7 Day Free Trial

You're invited to upgrade your subscription to our Premium membership with a 7 day FREE trial!

No catches. No strings attached. Just pure crypto alpha to get you ahead!
Upgrade now for:

Ad-Free Experience 🚫👀
Weekly News Summary 📰🔥
Weekly Market Summary 💸📈
Weekly Airdrop Summary 🎁💎

All for just $15/month after the trial.
Don't miss out! Get your FREE trial today 👇

Alpha of the Day

Animoca Brands and Hong Kong Telecom Dive into Stablecoins

Animoca Brands just dropped the news that Hong Kong Telecom is diving headfirst into the world of stablecoins. The goal? To make both local and international payments as smooth as butter on a hot pancake. Imagine paying your phone bill or sending money to your cousin in another country without the usual bank headaches. Stablecoins could be the superhero to save the day, bringing some much-needed stability and efficiency to transactions. It's like having a Swiss army knife in your digital wallet—handy for any payment situation!

Wintermute's ARB Shopping Spree

Wintermute's wallet went on a little shopping spree, scooping up 4 million ARB from Coinbase just 10 hours ago. It’s like they hit the crypto version of Black Friday sales. What’s their plan with all this ARB? Only time will tell. But one thing’s for sure, they’re not playing around when it comes to expanding their crypto collection. Maybe they're just prepping for the next big ARB party, or perhaps there's a master plan we’re all waiting to see unfold.

Newsletter Bitcoin

Receive weekly Bitcoin summaries with news, insights and analysis on all things Bitcoin, all for free.

Grayscale’s Shrinking GBTC Stash

Grayscale's GBTC holdings took a bit of a hit, dropping by about 366 Bitcoins compared to the previous trading day. It’s like they had a small leak in their crypto tank. This might make some investors a bit twitchy, but hey, in the world of Bitcoin, fluctuations are as normal as cat videos on the internet. Maybe they're just making room for their next big move. Who knows, maybe they're onto the next big crypto trend while we're still here trying to figure out the last one.

Whale of a Profit with MIGGLES

A whale decided to make a splash by buying 11.83 million MIGGLES this morning and is now sitting pretty with a floating profit of $142,000. Talk about a good morning! It’s like finding a golden ticket in your cereal box. This mysterious whale is probably having a celebratory feast while the rest of us are just trying to understand what MIGGLES even are. But hey, if it makes money, it makes sense, right?

Bitcoin Contracts: $36.5 Billion and Counting

The total open positions for Bitcoin contracts across the entire network have now blown past $36.5 billion. That’s a lot of zeros! It seems like everyone and their dog is betting big on Bitcoin. Whether it’s going to the moon or just taking a scenic route to the next block, people are clearly putting their money where their digital mouths are. It's like the Wild West out there, but instead of gold, everyone’s after Bitcoin.

Creator Spotlight

Behind-the-scenes stories from across the creator economy.

Jordan Joins the Blockchain Party

Jordan has officially joined the blockchain party by launching its own national blockchain technology network. Move over Silicon Valley, Jordan’s got its own tech hub now! This could be a game-changer for the region, putting Jordan on the map as a serious player in the blockchain arena. Who knew that this small country could pack such a big tech punch? Next thing you know, they'll be the go-to destination for blockchain developers and crypto enthusiasts alike.

BTC Flooding the Exchanges

Approximately 64,000 BTC were deposited into exchanges over the past month, amounting to roughly $4.1 billion. That’s like a tidal wave of Bitcoin crashing into the crypto shores. Traders are either prepping for a big sell-off or just making some strategic moves. Either way, the exchanges are buzzing with activity. It's like a digital gold rush, and everyone’s got their pickaxes ready. The big question is, who will strike it rich?

Big Desk Energy

Startup insights, stories, and vibes sent to your inbox every Tuesday.

Follow us on X

Check out the Podcast

Listen to crypto founders and our weekly roundup on your favourite podcast platform