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Less Than 2M BTC On Exchanges
The supply of BTC on exchanges is at a four-and-a-half year low
Jonathan Morgan
October 10, 2024
OVERVIEW
Less Than 2M BTC On Exchanges
Before we dive in, here’s today’s crypto market heatmap:
Source: Santiment
And here’s a look at crypto’s total and altcoin market cap YTD:
Source: TradingView
*If you’re a business and want to access this data via our API, email us.
New In Three Sentences
Crypto News 📰
🦄 Uniswap Unveils Unichain
Uniswap has introduced Unichain, their own fast, decentralized Superchain Layer 2 blockchain for DeFi and cross-chain liquidity. It promises to lower transaction costs by ~95% compared to Ethereum L1 and provide near-instant transactions. The testnet is live today, with the mainnet launch planned for later this year. Uniswap blog.
💳 Stripe Adds Solana Stablecoins
Stripe now lets you pay with Solana's USDC and USDP, just in case you were running out of ways to spend your crypto. It’s a major development for crypto payments, allowing customers to use digital currencies like cash online. AltcoinBuzz.
🔒 Bitcoin's Fungibility Flawed? Litecoin Founder Thinks So
Litecoin’s founder, Charlie Lee, argues that Bitcoin's UTXOs ruin its fungibility since each coin carries its own history. He believes some might be “tainted” and not interchangeable. Litecoin’s X.
🔍 Tether Considers Big Four Audit—Better Late Than Never?
CEO Paolo Ardoino says Tether is open to a Big Four audit to settle debates over its reserves' transparency. Apparently, after years of insisting everything's fine, they're finally thinking about proving it—how reassuring. Tether has faced scrutiny since a 2021 investigation and currently provides quarterly attestations from BDO. FoxBusiness.
💼 Ripple Offers Crypto Custody
Ripple has launched new services to help banks and fintech firms store digital assets on behalf of clients under its Ripple Custody division. Features include pre-configured operational settings, integration with Ripple's XRP Ledger, AML risk monitoring, and an improved user interface. This puts Ripple in competition with firms like Coinbase, Gemini, and Fireblocks. CNBC.