Web3🌕Monday Marvels: Bitcoin Millionaires Triple, THORChain Dominates, XRPL Upgrade Ignites, and BitMEX Founder's Insight on Bitcoin vs. Bonds in Wartime!
- Bitcoin millionaire wallets tripled 💰
- THORChain surges 50%, securing 3rd place among DEX 🔥
- XRPL's upgrade initiates an 80% consensus countdown ⏳
- Insights from BitMEX Founder on Bitcoin vs. Bonds in wartime.
Dive into the details ahead!🌐
Hello readers and welcome to an exciting Monday edition! Today, we embark on a journey into the dynamic world of #Web3 marvels. Brace yourselves as we explore the phenomenal tripling of Bitcoin millionaire wallets, witness THORChain's remarkable 50% surge, secure a podium spot as the 3rd-largest DEX, and delve into the XRPL's upgraded era triggering an 80% consensus countdown. To add a touch of insight, we'll unravel the perspectives of BitMEX Founder on the intriguing dynamics between Bitcoin and Bonds during wartime. Join us for an insightful dive into these compelling developments and stay tuned for a closer look at the details that await!
1. Bitcoin millionaire wallets tripled 💰
The number of Bitcoin millionaire wallets has surged to 81,925 in 2023, marking a remarkable 237% increase this year. However, this rise isn't one-to-one with individual users, as some addresses belong to exchanges and institutions. Additionally, the count of "wholecoiners" with at least 1 BTC has seen a 4% uptick to 1,018,015. Bitcoin's current price stands at $37,100, witnessing a notable 38% increase in the last month, driven by optimism surrounding pending spot exchange-traded fund (ETF) products. Analysts anticipate a 90% chance of a spot Bitcoin ETF approval by Jan. 10, with differing opinions on its potential to initiate a substantial bull run, highlighting the ongoing debate within the crypto community.
Tom Mitchelhill
2. THORChain surges 50%, securing 3rd place among DEX 🔥
THORChain emerges as a decentralized exchange powerhouse, ranking third in weekly volume at $1.32B. RUNE token surges 51%, reaching a 200% increase in 30 days. Notably, THORChain surpasses Curve Finance sooner than predicted. Offering multichain capabilities, it's dubbed the Uniswap of Bitcoin. Erik Voorhees highlights THORChain's significance in trading Bitcoin without intermediaries. A standout DeFi platform, THORChain boasts impressive APRs, with some liquidity pools exceeding 353%. The project, launched in 2018, originated from the Binance Dexathon, and its recent success underscores its pivotal role in the evolving crypto landscape.
Brayden Lindrea
3. XRPL's upgrade initiates an 80% consensus countdown ⏳
The XRPL introduces a pivotal upgrade with the fixReducedOffersV1 amendment, garnering 80% validator approval and initiating a two-week activation countdown. This amendment addresses critical issues with decentralized exchange (DEX) offerings, aiming to minimize obscured order books and enhance overall XRPL functionality. Users relying on older rippled versions are urged to update within 14 days to ensure compatibility. Successful implementation of fixReducedOffersV1 rounds the exchange rate of reduced offers on XRPL DEXs, making them more favorable. This amendment crucially prevents unfavorable exchange rates after rounding, ensuring smoother operations for decentralized brokerage platforms on the XRPL. The broader XRPL update, including bug fixes and enhancements, underscores its positive trajectory, complemented by a successful security audit for the Xahau sidechain.
IC News
4. Insights from BitMEX Founder on Bitcoin vs. Bonds in wartime.
BitMEX founder Arthur Hayes predicts Bitcoin will excel over bonds in wartime despite an initial sell-off. He assesses indicators like RRP and TGA to adjust Bitcoin and T-bill strategies. Acknowledging global uncertainty, he eyes Bitcoin's historical resilience during war. Hayes doubts Yellen's RRP efforts, foreseeing strain on the financial system. He suggests Bitcoin as a real-time indicator. Skeptical about peace prospects, he links market rallies to geopolitical tensions. Hayes highlights U.S. military budget concerns amid global conflicts, foreseeing increased borrowing. Despite potential initial Bitcoin weakness, he remains optimistic.
Ruholamin Haqshanas
As we conclude this Monday's exploration into the fascinating realm of #Web3 marvels, we leave you with a wealth of insights and groundbreaking developments. We hope this journey has sparked curiosity and offered valuable perspectives. Stay tuned for more captivating updates as we continue to unravel the ever-evolving landscape of the digital frontier. Until next time, happy exploring!
