Do institutions have weak hands?

And how does this tie in with the GBTC premium going negative? What do Google and the Iranian government have in common? And all the rest of the crypto news and market wrap

First, a quick update

Left: Bitcoin Open Interest in USD, right: Bitcoin Open Interest in BTC
Above: Amount of Bitcoin leaving exchanges has come to a halt

Do institutions have weak hands?

Orange: number of Bitcoin addresses with over 1,000 Bitcoins. Black: BTC/USD
Pink: GBTC premium, orange: Bitcoin price, blue: Number of Bitcoin in GBTC
Pink: GBTC premium. Black: Number of Bitcoin addresses with over 1000 Bitcoins
CME Bitcoin open interest

Art of marketing

Google trends show interest is NFTs in the US has reached levels comparable to Etherum

What do Google and Iran have in common?




Other news

  • BlockTower raise $25 Million for DeFi fund
  • Outlaw update: Three DeFi protocols hacked, scammers create fake Digital Yuan website. Tether threatened with 500 BTC ransom note
  • BitMEX founder Arthur Hayes to surrender to US authorities, John McAfee faces prison time, Hacker tries to sell software exploit as an NFT and is banned from website, NFT website hacked
  • Bitcoin mining in Inner Mongolia, based mostly on non-renewable energy, will be banned in April 2021 due to Chinese Government’s green initiative
  • Etherum’s July hardfork update ‘IP1559’ will burn network transaction fees instead of awarding them to miners
  • American retail giant Walmart to offer fintech banking services
  • Edgy comedian Tim Dillion takes on NFTs

Team update

  • We’re very glad to announce that Alameda Research has invested $2 million in Efficient Frontier!
  • Coindesk won’t stop quoting Efficient Frontier’s BD Manager Andrew Tu



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